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Great Quest Gold Provides Update on Proposed Reverse Takeover with Lotus Gold Corporation.
ByAinvest
Thursday, Oct 23, 2025 6:43 pm ET1min read
Great Quest Gold has amended its reverse takeover agreement with Lotus Gold Corporation, changing the consolidation ratio of Great Quest's shares to 16-to-1. Shareholders of both companies have approved the deal, with Lotus now seeking final court approval. The companies will also complete a concurrent financing of up to $3.5 million, issuing 7 million shares at $0.50 each. The resulting issuer will be renamed Ongwe Minerals Inc. and trade on the TSX Venture Exchange under the symbol "OGW".
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