Medaro Mining Corp. Enters Letter of Intent with Omega Gold Corp.

Medaro Mining Corp. has signed a non-binding letter of intent with Omega Gold Corp. The agreement outlines a proposed reverse takeover by Omega, which would be a significant change for Medaro under Canadian Securities Exchange rules. The transaction entails Medaro acquiring all of Omega's issued securities on a one-to-one basis.

The deal, involving a share exchange or amalgamation, awaits stakeholder approval and addresses tax, corporate, and securities implications. Upon completion, Medaro would continue Omega's business operations while spinning off its current mineral interests into a new entity owned by Medaro shareholders.

Both Medaro and Omega plan concurrent private placements to raise funds for the transaction and future exploration. The completion remains contingent upon approvals, with no guarantee of finalization. Leadership will shift to Omega's nominees post-transaction.