TORONTO – September 3, 2021 (Investorideas.com Newswire) O2Gold Inc. (“O2Gold” or the “Firm”) (TSXV:OTGO) is happy to announce that it has entered right into a settlement settlement dated September 2, 2021 (the “Settlement Settlement”) with Geominas Serviminas JV (“Geominas”) to settle roughly $176,000 of O2Gold’s excellent money indebtedness owing to Geominas in reference to the Firm’s exploratory drill program. Pursuant to the Settlement Settlement, the Firm has agreed to difficulty Geominas 800,323 of its widespread shares (the “Frequent Shares”) at a deemed worth per share of $0.22, primarily based on the closing worth of the Frequent Shares on the TSX Enterprise Change (“TSXV”) on September 2, 2021 (the “Settlement”). Because of the Settlement, the Firm’s money value of the drilling program is anticipated to be roughly $123 per meter.
The Settlement stays topic to the approval of the TSXV. In accordance with relevant securities legal guidelines, the Frequent Shares issued pursuant to the Settlement might be topic to a 4 month and at some point maintain interval.
O2Gold is a mineral exploration firm with actions in Colombia.
For added info, please contact:
Jaime Lalinde, President and CEO
Cellphone: (57) 312 350 5864
Cautionary Notice Concerning Ahead-looking Data
This press launch comprises “forward-looking info” inside the which means of relevant Canadian securities laws. Ahead-looking info contains, however will not be restricted to, statements with respect to the election and appointment of administrators, the potential two new vein buildings on the Aurora state, and the Firm’s deliberate work and exploration actions at its properties, significantly the geological mapping and sampling of the Aurora, Quintanillo and Aparecida websites. Typically, forward-looking info could be recognized by way of forward-looking terminology similar to “plans”, “expects” or “doesn’t anticipate”, “is anticipated”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “might”, “would”, “may” or “might be taken”, “happen” or “be achieved”. Ahead-looking info is topic to identified and unknown dangers, uncertainties and different components that will trigger the precise outcomes, degree of exercise, efficiency or achievements of the Firm, because the case could also be, to be materially completely different from these expressed or implied by such forward-looking info. Though the Firm has tried to establish essential components that would trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There could be no assurance that such info will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking info. The Firm doesn’t undertake to replace any forward-looking info, besides in accordance with relevant securities legal guidelines.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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