O2Gold Inc. announced a non-brokered private placement of up to 5,000,000 common shares at a price of CAD 0.05 per common share for gross proceeds of up to CAD 250,000 on April 15, 2024. All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one day. Completion of the Offering is subject to a number of conditions, including approval from the TSXV.

The Offering and Acquisition are expected to close on or about May 31, 2024. Finder?s fees may be paid to eligible finders in accordance with the policies of the TSXV consisting of a cash commission equal to up to 7% of the gross proceeds raised under the Offering and finder warrants in an amount equal to up to 7% of the number of common shares sold pursuant to the Offering. Each finder warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.05 per share for a period of 12 months following the closing date of the Offering.