Reverse takeover
The TSX Venture Exchange has accepted for filing the reverse takeover (RTO) of Oronova Energy Inc., as described in the company's filing statement dated March 9, 2026.
The RTO consists of the acquisition of all the issued and outstanding shares of Cameron Gold Operations Ltd. (Subco) from First Mining Gold Corp. (FMGC), by way of three-cornered amalgamation, for total consideration to FMGC of $27-million via a cash payment of $5-million, the issuance of 80 million common shares and the minimum $2-million payment pursuant to a stockpile agreement.
In addition, a success fee of 2.8 million common shares was paid to arm's-length parties.
A total of 80 million common shares issued to FMGC pursuant to the RTO are escrowed pursuant to an exchange Tier 1 escrow agreement.
The company is classified as a gold and silver ore mining issuer (NAICS No. 212220).
For further information, please refer to the company's filing statement dated March 9, 2026, available on SEDAR+.
Resume trading
Further to the TSX Venture Exchange's bulletin dated Nov. 19, 2025, trading in the securities of the resulting issuer will resume at the opening on Wednesday, March 18, 2026.
Graduation from the NEX to the TSX Venture Exchange
The company has met the requirements to be listed as a TSX Venture Exchange Tier 1 company. Therefore, effective on Wednesday, March 18, 2026, the company's listing will transfer from the NEX to the TSX Venture Exchange, the company's tier classification will change from the NEX to Tier 1, and the filing and service office will change from the NEX to Vancouver.
Effective at the opening on Wednesday, March 18, 2026, the trading symbol for the company will change from ONV.H to SEVA.
Private placement -- non-brokered
On Dec. 19, 2025, the company completed a non-brokered private placement of 60 million subscription receipts at a price of 25 cents per subscription receipt. Upon satisfaction of the escrow release conditions, each subscription receipt was converted into one common share. The following description provides a summary of the private placement following the conversion of the subscription receipts for common shares.
Financing type: non-brokered private placement
Gross proceeds: $15-million
Offering: 60 million common shares
Offering price: 25 cents per common share
Disclosure: Refer to the company's news releases dated Nov. 20, 2025, Dec. 19, 2025, March 9, 2026, and March 10, 2026.
Name change
Pursuant to a directors resolution passed on March 4, 2026, the company has changed its name from Oronova Energy to Seva Mining Corp. There is no consolidation of capital.
Effective at the opening on Wednesday, March 18, 2026, the common shares of Seva Mining will commence trading on the TSX Venture Exchange and the common shares of Oronova Energy will be delisted.
Posttransactional capitalization: unlimited common shares with no par value, of which 167,180,285 common shares are issued and outstanding
Escrow: 80 million common shares, of which 20 million common shares are released at the date of this bulletin
Transfer agent: Odyssey Trust Company
Trading symbol: SEVA (new)
Cusip No.: 81783A 10 0 (new)
The exchange has been advised that the above transactions have been completed.
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