O2Gold Upsizes Private Placement and Provides Update on Quebec Aur Transaction
Summary
Completion of the Upsized Offering is subject to a number of conditions, including approval from the TSX Venture Exchange (TSXV). The Company intends to use the net proceeds of the Upsized Offering to finance activities on the Assets (as defined below) and for general working capital purposes. Further, one of the Shareholders owns more than 10% of the common shares of O2Gold and is therefore a related party of the Company pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101). Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages and other risks of the mining industry. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.