O2Gold Closes Private Placement

TORONTO, April 16, 2021 (GLOBE NEWSWIRE) — O2Gold Inc. (“O2Gold” or the “Company”) (TSXV: OTGO) is pleased to announce that it has closed its previously announced non-brokered private placement financing (the “Offering”). The Company issued 17,390,000 units (each, a “Unit”) at a price of $0.20 per Unit for gross proceeds of $3,478,000. For more information on the Offering, please see the Company’s press releases dated January 14, 2021 and March 22, 2021, which are available under the Company’s profile on SEDAR at www.sedar.com.