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Cameo Resources Signs LOI to Acquire a 100% Interest in the Katoro Gold Property in Tanzania and Lists on Frankfurt Exchange
April 30, 2025, SURREY, British Columbia – Cameo Resources Inc. (CSE: MEO) (“Cameo” or the “Company”) is pleased to announce further to its March 13, 2025 press
About this update from Cameo Resources Inc
[{"type":"text","content":"April 30, 2025, SURREY, British Columbia – Cameo Resources Inc. (CSE: MEO) (“Cameo” or the “Company”) is pleased to announce further to its March 13, 2025 press release that it has entered into an arms-length Securities Exchange Agreement dated April 29, 2025 with 1154308 B.C. Ltd. (“Privco”), a British Columbia Incorporated company to acquire a 100% right, title, and interest in the Katoro Gold Properties (the “Properties”), located in the Geita region of Tanzania (the “Acquisition”)’ The Securities Exchange Agreement provides for the purchase of all of the securities of PrivCo that are owned or held by the PrivCo shareholders at the time of closing. At closing. Cameo will issue 13 million common shares to PrivCo shareholders at a deemed price of $0.075 per share to acquire 100% of all outstanding shares. Privco and the Katoro Gold property rights contained within. On April 25, 2025 Cameo Resources Inc (CSE: MEO) (FSE: Z88) Cameo shares have been accepted for listing on the Frankfurt Stock Exchange (“FSE”) under WKN: A3E27M, ticker symbol: Z88. Cameo’s common shares are now cross listed on the Canadian Securities Exchange along with FSE, which is the largest of the seven stock exchanges in Germany. The Company believes that this cross listing on the FSE will enhance liquidity, broaden its shareholder base and facilitate advanced electronic trading and settlement. The Company’s FSE stock quote can be found here: https://www.boerse-frankfurt.de/equity/cameo-res-inc Highlights of the Katoro Property: 12.52 km roadaccessible Properties, approximately 170 km southwest of Mwanza city, 63 km southwest of Geita Region. Located within the Sukumaland Greenstone Belt (SGB”) home for the Buckreef mine along the same strike within Katoro, within the Lake Victoria Goldfields in north-west Tanzania. Regional geophysical and structural settings suggesting an exploration potential for significant gold mineralization within the project areas. Souhail Abi-Farrage, President & CEO of Cameo, commented: \"Entering into this Securities Exchange Agreement is a solid opportunity for Cameo. The Property has two complementary exploration upsides, with an established epi-mesothermal zone of higher-grade gold mineralization in quartz veins from surface that Cameo can look to exploit almost immediately, and a mu...