Toronto, Ontario–(Newsfile Corp. – December 22, 2023) – NewOrigin Gold Corp. (TSXV: NEWO) (“NewOrigin” or the “Company“) is pleased to announce the closing of the sale of the remaining Kinebik mineral claims (“Kinebik” or the “Property“) to O3 Mining Inc. (“O3“) (the “Second Closing“), as further described in news releases of the Company dated June 13 and May 17, 2023.
A resolution approving the Second Closing was passed by 91.64% of the votes cast by disinterested shareholders at the annual general and special meeting of shareholders of the Company held on December 8, 2023. NewOrigin has completed the Second Closing by transferring 166 mining claims, being the balance of the Kinebik mineral claims to O3 for consideration of 58,935 common shares of O3 (the “Shares“). Pursuant to the Second Closing, NewOrigin will have no further interest in the Property. The Shares issued pursuant to the Second Closing are subject to a statutory…
