Ongwe Minerals Inc. completes Reverse Takeover with Lotus Gold Corporation, changes name, and consolidates shares. $4.85 Million Concurrent Financing closed at $0.50 per Share post-Consolidation. Trading symbol to change to OGW. CEO Dave Underwood excited about new gold exploration opportunities in Namibia with strong team and financial backing. Strategic acquisition of land and mobilization of drill rigs in progress.

Arrangement effective February 9, 2026, with Lotus Shareholders holding 64.6% of Ongwe Shares. Escrow agreements and seed share resale restrictions in place. Lock-Up agreements for certain shares. More details in filing statement available online.

Concurrent Financings completed for total gross proceeds of $4,850,000. Funds to be used for Khorixas Gold Project and Eastern Desert Gold Project. Directors’ participation in RTO Financing considered related party transaction. All securities offered not registered under U.S. Securities Act.

Read more at GlobeNewswire: Ongwe Minerals Announces Closing of Reverse Takeover and