Orea is a gold mining company operating in French Guiana where it holds a 44.9% interest in the Montagne d'Or gold project | $OREA $OREAF $OREA.TO $3CG
Orea Announces Resignations and Wind-up.
Orea’s situation has become untenable with no viable legal path to advance the Montagne d’Or project in the absence of Canadian government approval.
Learn more: https://t.co/hOf5cpQiwe
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Orea continues to work on completion of annual filings and will update as further information becomes available.
No definite response received yet from the Canadian government on the acquisition of Montagne d’Or.
More: https://t.co/7mz1G1aoAn
$OREA $OREAF $OREA.TO #MontagnedOr
Orea Provides Update on Management Cease Trade Order.
The company continues to work on the steps required to complete the Annual Filings and will issue bi-weekly updates in accordance with National Policy 12-203
Learn more: https://t.co/1JH3JiEwRE
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Orea announces delay in filing audited financial statements, a direct consequence of not obtaining Canadian government approval to acquire 100% of the Montagne d’Or project.
The BCSC has granted Orea a MCTO under National Policy 12-203.
Learn more: https://t.co/fFuSnWxds0
Orea continues to explore options to fund obligations required to protect and advance its interest in #MontagnedOr.
Peter Gianulis resigns as a director. Jorge Martinez is appointed to the board. Daniela Freitas is named CFO.
More: https://t.co/Epq0PDz6Fd
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Orea terminates acquisition of interest in Montagne d’Or for 100% ownership as Global Affairs Canada and the Canadian government do not support the transaction for the Canadian based company. Disappointing.
Learn more: https://t.co/1KHwg6o4UE
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French Supreme Court sends ruling on Montagne d’Or back to Court of Appeals.
It will be challenging for the government to base non-renewal of mineral titles on environmental grounds.
Learn more: https://t.co/Endh6OelPd
$OREA $OREAF $OREA.TO $3CG #montagnedor
Orea and Nordgold sign amended purchase agreement.
Sanctions authorities have advised that they are reviewing the agreement. Orea is unable to provide guidance on when it might receive a reply.
Learn more: https://t.co/LNXVuwtfZa
$OREA $OREAF $OREA.TO $3CG #montagnedor
These are the world’s most valuable gold mines in development.
https://t.co/vIF2PpQ5ER ranks Montagne d’Or as the ninth most valuable gold development in the world.
Full article: https://t.co/hKumStaAfI
$OREA $OREAF $OREA.TO $3CG #montagnedor#Frank Holmes #USGlobalInvestors
Orea and Nordgold agree to amend share purchase agreement.
The amended SPA to acquire Nord’s Interest in Montagne d’Or will not be signed without the authorization of applicable sanctions authorities.
Learn more: https://t.co/Lc5u6Wmh9I
$OREA $OREAF $OREA.TO $3CG #montagnedor
Orea terminates acquisition of 100% interest in Montagne d’Or after Canadian gov denies deal to proceed. The transaction would've removed sanctioned parties from controlling a major gold deposit with excellent NPV.
Learn more: https://t.co/w31auD858f
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Global Affairs Canada indicates that Orea’s application to close the acquisition of Montagne d'Or is being treated with urgency and placed before the Canadian Minister of Foreign Affairs for final determination.
Learn More: https://t.co/pFx9ttQBKI
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Orea updates on the closing of the acquisition of 5 million ounces of Montagne d'Or Gold Deposit.
The French government and Nordgold have extended the deadline to close the acquisition of 100% of the 5 million oz Montagne d'Or gold deposit.
Learn more:
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$OREA appoints Mr. Rock Lefrançois to the board of directors.
The appointment of Mr. Lefrançois is vital in ensuring technical continuity at Montagne d’Or as nobody knows the gold deposit better than Rock.
Learn more: https://t.co/XOb6iYZRYM
The Private Placement raised gross proceeds of CAD$1,056,900 through the issuance of 10,569,000 CAD $0.10 units.
Orea intends to use the proceeds for general working capital purposes.
Read about the full details here:
$OREA seeks strategic funding and announces Private Placement for up to 10M units at a price of CAD$0.10 per unit.
Each unit is comprised of one common share and a warrant at CAD$0.15 for 12 months from the closing date.
Read about the full details here:
$OREA has appointed Mr. Michel Jébrak to the board of directors and Mr. Robert Giustra as Interim CEO.
These appointments bode very well for the future of Orea and its shareholders.
Learn more:
Orea monetizes the Antino Project option & can now focus on its flagship 5M oz Montagne d’Or Gold Project in French Guiana for which it has entered an agreement to acquire the additional 55.01% for a total of 100%. Details: https://t.co/Nb0BjBzPP8