O2Gold Inc. provides an update on its pending acquisition of a gold mining exploration property in Quebec through the purchase of all shares of Quebec Aur Ltd. The Company has increased the hard dollar portion of its private placement financing from 14 million units to 18 million units, raising $1.7 million in gross proceeds. The Acquisition is expected to close in late-2025, subject to certain conditions. O2Gold is a mineral exploration company focused on general corporate purposes and phase one exploration expenses on the 9,000 hectare claim package.

The Offering and Acquisition are subject to certain conditions and are expected to close in late-2025. Forward-looking information includes statements related to the Offering and Acquisition, with potential risks and uncertainties. The securities have not been registered under the U.S. Securities Act and may not be offered or sold in the United States. The TSX Venture Exchange does not accept responsibility for the accuracy of this release.

Read more at GlobeNewswire: O2Gold Provides Update on Quebec Aur Transaction; Upsizes