Orea Terminates Acquisition of Additional Interest in Montagne d’Or Project
VANCOUVER, BC, Nov. 28, 2023 /PRNewswire/ – Orea Mining Corp. (“Orea”) (TSX:OREA) (OTCQB: OREAF) (FSE: 3CG) reports that the Canadian government has not provided a decision concerning Orea’s amended purchase agreement to acquire Nord Gold plc’s (“Nordgold“) 55.01% interest in the 5-million-ounce Montagne d’Or gold mine development project* (the “Acquisition“). Orea and its legal team are not aware of any transactions obtaining approval by the Canadian government related to persons sanctioned under the Special Economic Measures (Russia) Regulations, and considers it unlikely that the Acquisition will receive approval soon, or ever, therefore the Acquisition has been terminated. Orea’s board is considering all available options to protect and advance its 44.99% interest in Montagne d’Or.