Brief: Orea Proposes To Amend Agreement To Acquire Nordgold's Interest In 5 Mln Ounce Montagne d'Or Gold Deposit

Orea Mining

06/07/2023 12:46

July 6 (Reuters) - Orea Mining Corp  OREA.TO :
    * OREA PROPOSES TO AMEND AGREEMENT TO ACQUIRE NORDGOLD'S
INTEREST
IN 5 MILLION OUNCE MONTAGNE D'OR GOLD DEPOSIT
    * OREA MINING: CO AND NORDGOLD HAVE MUTUALLY AGREED TO
RETRACT
TERMINATION OF ACQUISITION, AND HAVE PROPOSED AMENDED TERMS TO
SHARE PURCHASE AGREEMENT
    * OREA MINING CORP: AMENDED AGREEMENT PROVIDES THAT C$100
MILLION
PAYMENT WILL ONLY BE MADE IF AND WHEN ALL SANCTIONS ARE LIFTED
AGAINST NORDGOLD
    * OREA MINING CORP: AMENDED AGREEMENT ALSO STIPULATES THAT
PAYMENT
WOULD NO LONGER BE DUE OR PAYABLE IF SANCTIONS ARE STILL IN
EFFECT IN SOME CASES
    * OREA MINING: AMENDED AGREEMENT HAS NOT BEEN EXECUTED BY
CO/NORDGOLD, WILL NOT BE SIGNED WITHOUT AUTHORIZATION OF
APPLICABLE SANCTIONS AUTHORITIES

Source text for Eikon:  ID:nCNWCqd8ca 
Further company coverage:  OREA.TO 

 ((reuters.briefs@thomsonreuters.com;))