Gold Orogen resolves legal claim, secures strategic investment

Gold Orogen Resolves Legal Claim and Secures Additional Investment from Strategic Supporters

(TheNewswire)

 

July 9, 2026 – TheNewswire - Gold Orogen Resources Corp (CSE:OROG) (the “Company” or “Gold Orogen”) is pleased to announce the resolution of a contractual dispute between its wholly owned subsidiary Gold Orogen Exploration Corp., formerly 1475039 B.C. Ltd. (“OROGEX”) announced on February 13, 2026. A Notice of Claim (the “Claim”) was previously filed by a business partner against OROGEX, when it was a subsidiary of Lode Gold Resources Inc. (“Lode Gold”) and Lode Gold. The dispute had arisen prior to the closing on February 26, 2026 of the Company’s acquisition of OROGEX via a Plan of Arrangement and Reverse Takeover. A settlement agreement has been entered into between the parties (the “Settlement”), whereby the Claim is being formally withdrawn and customary mutual releases provided between the parties relating to Claim matters.

Under the terms of the Settlement, Lode Gold and the Company’s business partner, will each invest $200,000 into Gold Orogen for an aggregate of $400,000 for 5,000,000 Units (“Units” or “Unit”) at $0.08 per Unit, subject to the approval and acceptance by the TSX Venture and Canadian Securities Exchanges, to bolster Gold Orogen’s cash reserves. Each Unit would consist of one common share (“Share”) and one common share purchase warrant (“Warrant”) at an exercise price of $0.10 for one additional Share for a period of 36 months from issue date, with the Warrant being subject to acceleration at the Company’s discretion, upon 30 days notice, if the Company’s Shares traded at a price of $0.25 or higher for a minimum period of 10 consecutive trading days.

Other key terms of the Settlement includes the transfer of 15% of the Company’s interest in the Acadian joint venture (“Acadian”) to Goldera Exploration Ltd. (“Goldera”), an affiliate of Fancamp Exploration Ltd (“Fancamp”), co-owner and operator of Acadian and ii) payment of $93,261 (“Payment Amount”) to or as directed by Fancamp on or before October 31, 2026 (“Payment Deadline”). In the event the Payment Amount is not paid by the Payment Deadline, an additional 5% of the Company’s interest in Acadian (“Additional Transfer”) is to be automatically transferred to Fancamp or its affiliate Goldera.

Simultaneous with the Settlement, the Company will also enter into a shares-for-debt arrangement (the “Conversion Event”) with Lode Gold, subject to regulatory acceptance and approval, to settle up to $700,000 of liabilities the Company owes to Lode Gold through the issuance of up to 8,750,000 Shares of Gold Orogen at $0.08 per Share.

If both the completion of the Settlement and the anticipated Conversion Event occur before Gold Orogen raises any additional capital, Lode Gold would become a key shareholder along side the business partner with both parties potentially holding an interest of up to 19.9% in Gold Orogen. Any further financing by Gold Orogen would dilute these parties’ equity interests.