The Montagne d’Or project, located in French Guiana, is held through a joint venture between Nordgold SE (55.01%) and Orea Mining Corp. (44.99%), formerly known as Columbus Gold Corp.
On August 31, 2022, Nordgold signed a binding agreement to sell its 55.01% stake to Orea. Although the acquisition received approvals or non-objections from all relevant jurisdictions, it was not cleared by the Canadian government and was officially terminated on November 28, 2023.
Orea was declared bankrupt on April 17, 2024, and subsequently delisted from the Toronto Stock Exchange.
Crowe MacKay & Company Ltd. was appointed as Trustee of Orea’s bankrupt estate, confirmed by creditors on May 7, 2024, and is overseeing the sale of Orea’s Panamanian subsidiaries, which hold its 44.99% stake in the Montagne d’Or project. There is no assurance the sale will be completed.

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