{"id":3717,"date":"2025-10-22T22:39:59","date_gmt":"2025-10-22T22:39:59","guid":{"rendered":"https:\/\/cameoresourcesinc.com\/?p=3717"},"modified":"2025-10-22T22:40:00","modified_gmt":"2025-10-22T22:40:00","slug":"cameo-acquires-100-interest-in-the-kempton-gold-project-in-tanzania","status":"publish","type":"post","link":"https:\/\/cameoresourcesinc.com\/de\/cameo-acquires-100-interest-in-the-kempton-gold-project-in-tanzania\/","title":{"rendered":"Cameo Acquires 100% Interest in the Kempton Gold Project in Tanzania"},"content":{"rendered":"

October 22, 2025, SURREY, British Columbia \u2013 Cameo Resources Inc. (CSE: MEO) (\u201cCameo<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) is pleased to announce that it has closed its previously announced (October 10, 2025) arms-length Securities Exchange Agreement dated September 29, 2025 with 1315418 B.C. Ltd. (\u201cPrivco\u201d), a British Columbia Incorporated company to acquire a 100% right, title, and interest in the Kempton Gold Project (the \u201cProperty<\/strong>\u201d), located in the Geita region of Tanzania (the \u201cAcquisition\u201d)\u2019<\/p>\n\n\n\n

Cameo will issue 7 million common shares to PrivCo shareholders at a deemed price of $0.1125 per share to acquire 100% of all outstanding shares of  Privco  and the Kempton Gold Property rights contained within.   Securities issued as consideration for this transaction are subject to a trading restriction of 4 months and a day.<\/p>\n\n\n\n

About Cameo Resources Inc.<\/strong><\/strong><\/p>\n\n\n\n

Cameo Resources Inc. is a dynamic mineral exploration company dedicated to discovering and developing valuable mineral deposits. Cameo\u2019s Katoro property covers 19.58square kilometers (km) situated within the prospective Sukumaland greenstone belt within the Lake Victoria goldfield (LVGF). One of the most important mining sites in Africa, Tanzania’s LVGF holds several multimillion-ounce gold deposits and has continuing operations by some of the largest gold companies in the world. The concessions have not been explored by modern methods until now. For more information on Cameo Resources, please visit the website at www.cameoresourcesinc.com.<\/a><\/p>\n\n\n\n

On behalf of the Board of Cameo Resources Inc.<\/p>\n\n\n\n

Souhail Abi-Farrage<\/p>\n\n\n\n

Chief Executive Officer and Director Phone Number: 1-800-325-1308<\/p>\n\n\n\n

For further information contact:<\/p>\n\n\n\n

Investor Relations;<\/strong><\/p>\n\n\n\n

E-Mail: IR@cameoresourcesInc.com<\/a><\/p>\n\n\n\n

Phone Number: 1-800-325-1308<\/p>\n\n\n\n

Forward Looking Information<\/p>\n\n\n\n

This news release contains certain \u201cforward-looking information\u201d and \u201cforward-looking statements\u201d (collectively \u201cforward-looking statements\u201d) within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as \u201cexpects\u201d, \u201canticipates\u201d, \u201cbelieves\u201d, \u201cintends\u201d, \u201cestimates\u201d, \u201cpotential\u201d, \u201cpossible\u201d, and similar expressions, or statements that events, conditions, or results \u201cwill\u201d, \u201cmay\u201d, \u201ccould\u201d, or\u201d should\u201d occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, relating to the timing for closing the Agreement, or that the Agreement will close at all, are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Interra, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks that lease holder will not approve the sale of the Property, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Cameo does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.<\/p>\n\n\n\n

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.<\/p>","protected":false},"excerpt":{"rendered":"

October 22, 2025, SURREY, British Columbia \u2013 Cameo Resources Inc. (CSE: MEO) (\u201cCameo\u201d or the \u201cCompany\u201d) is pleased to announce that it has closed its previously announced (October 10, 2025) arms-length Securities Exchange Agreement dated September 29, 2025 with 1315418 B.C. Ltd. (\u201cPrivco\u201d), a British Columbia Incorporated company to acquire a 100% right, title, and interest in the Kempton Gold Project (the \u201cProperty\u201d), located in the Geita region of Tanzania (the \u201cAcquisition\u201d)\u2019<\/p>","protected":false},"author":1,"featured_media":3178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-3717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t