BULLETIN V2026-2114
ONGWE MINERALS INC. ("OGW")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 22, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to four (4) arm's length agreements (together the "Agreements") between Belmont Mineral Exploration (Pty) Ltd. (the "Subco"), a subsidiary of Ongwe Minerals Inc. (the "Company") and arm's length vendors (the "Vendors"). Pursuant to the Agreements, the Subco has acquired a 90% interest in a license area comprised of 36,000 hectares (the "License Area") adjacent to the Company's Omatjete Gold Project located in Namibia. (the "Property").
As consideration for the License Area, the Company (i) has paid $50,000 in cash; and (ii) will issue 175,000 common shares to the Vendors.
Additionally, certain milestone payments for an aggregate sum of $4,000,000 are payable to the Vendors in the event that significant mineral resources are established in the License Area. These milestone payments may be paid in cash or common shares (subject to a maximum issuance of 3,125,000 shares at a deemed price of $1.28 per share) at the discretion of the Company.
For further details, please refer to the Company's news releases dated February 24, 2026 and June 9, 2026.
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