E2Gold Asserts Exploits Discovery Breached NDA Agreement; E2 Assessing All Options
E2Gold Inc. (TSXV: ETU) has alleged that Exploits Discovery Corp. violated a non-disclosure agreement (NDA) regarding the Hawkins property option from Pavey Ark Minerals. The NDA prohibited Exploits from acquiring interests within 2km of E2Gold's properties for 2 years until March 24, 2027. However, Exploits announced the property option on May 13, 2025.
E2Gold is exploring legal remedies, including potentially unwinding the agreement or seeking compensation. The company is also reviewing its business strategies and exploring alternative opportunities, including potential mergers and acquisitions.
E2Gold Inc. (TSXV: ETU) ha accusato Exploits Discovery Corp. di aver violato un accordo di non divulgazione (NDA) relativo all'opzione sulla proprietà Hawkins da Pavey Ark Minerals. L'NDA vietava a Exploits di acquisire interessi entro 2 km dalle proprietà di E2Gold per 2 anni, fino al 24 marzo 2027. Tuttavia, Exploits ha annunciato l'opzione sulla proprietà il 13 maggio 2025.
E2Gold sta valutando rimedi legali, inclusa la possibile revoca dell'accordo o la richiesta di un risarcimento. L'azienda sta inoltre rivedendo le proprie strategie commerciali ed esplorando opportunità alternative, comprese potenziali fusioni e acquisizioni.
E2Gold Inc. (TSXV: ETU) ha acusado a Exploits Discovery Corp. de violar un acuerdo de confidencialidad (NDA) relacionado con la opción de la propiedad Hawkins de Pavey Ark Minerals. El NDA prohibía a Exploits adquirir intereses dentro de un radio de 2 km de las propiedades de E2Gold durante 2 años, hasta el 24 de marzo de 2027. Sin embargo, Exploits anunció la opción de la propiedad el 13 de mayo de 2025.
E2Gold está considerando acciones legales, incluyendo la posible anulación del acuerdo o la búsqueda de una compensación. La empresa también está revisando sus estrategias comerciales y explorando oportunidades alternativas, incluyendo posibles fusiones y adquisiciones.
E2Gold Inc. (TSXV: ETU)는 Exploits Discovery Corp.가 Pavey Ark Minerals로부터의 Hawkins 부동산 옵션과 관련된 비밀유지계약(NDA)을 위반했다고 주장했습니다. NDA는 Exploits가 2027년 3월 24일까지 2년간 E2Gold 소유 부동산에서 2km 이내의 권리를 취득하는 것을 금지했습니다. 그러나 Exploits는 2025년 5월 13일에 해당 부동산 옵션을 발표했습니다.
E2Gold는 계약 해제 또는 보상 청구 등 법적 조치를 검토 중이며, 사업 전략을 재검토하고 잠재적 합병 및 인수 등 대체 기회를 모색하고 있습니다.
E2Gold Inc. (TSXV : ETU) a accusé Exploits Discovery Corp. d'avoir violé un accord de confidentialité (NDA) concernant l'option sur la propriété Hawkins de Pavey Ark Minerals. Le NDA interdisait à Exploits d'acquérir des intérêts dans un rayon de 2 km autour des propriétés d'E2Gold pendant 2 ans, jusqu'au 24 mars 2027. Cependant, Exploits a annoncé l'option sur la propriété le 13 mai 2025.
E2Gold envisage des recours juridiques, y compris la possibilité d'annuler l'accord ou de demander une compensation. La société revoit également ses stratégies commerciales et explore d'autres opportunités, notamment des fusions et acquisitions potentielles.
E2Gold Inc. (TSXV: ETU) hat Exploits Discovery Corp. vorgeworfen, gegen eine Geheimhaltungsvereinbarung (NDA) bezüglich der Hawkins-Grundstücksoption von Pavey Ark Minerals verstoßen zu haben. Die NDA untersagte Exploits, für zwei Jahre bis zum 24. März 2027 Interessen innerhalb von 2 km um die Grundstücke von E2Gold zu erwerben. Dennoch kündigte Exploits die Grundstücksoption am 13. Mai 2025 an.
E2Gold prüft rechtliche Schritte, einschließlich der möglichen Auflösung der Vereinbarung oder der Forderung von Schadensersatz. Das Unternehmen überprüft zudem seine Geschäftsstrategien und sucht nach alternativen Möglichkeiten, einschließlich potenzieller Fusionen und Übernahmen.
- Company actively pursuing legal remedies to protect its interests
- E2Gold exploring strategic alternatives including M&A opportunities
- Potential legal dispute over Hawkins property NDA breach
- Competitive threat from Exploits Discovery's property acquisition
Toronto, Ontario--(Newsfile Corp. - July 28, 2025) - E2Gold Inc. (TSXV: ETU) (OTC Pink: ETUGF) claims that Exploits Discovery Corp. breached a non-disclosure agreement between it and E2Gold when it optioned the Hawkins property from Pavey Ark Minerals. As a result, E2Gold will be pursuing all remedies in this matter including seeking an unwinding of the agreement between Exploits and Pavey Ark or compensation for their indiscretion.
Amongst other things, the NDA stipulated that Exploits could not acquire an interest in any claims within 2 km of E2Gold's existing mineral properties for a period of 2 years. Exploits' option of the Hawkins property is well short of the 2 yr anniversary date, March 24, 2027, as Exploits announced optioning the property on May 13, 2025.
Eric Owens, President and CEO, stated, "This goes to the very heart of any NDA. We believe Exploits has not acted in a forthright manner during this process."
E2Gold continues to review its business strategies and is engaged in discussions to explore alternative project opportunities, including specific merger and acquisition scenarios.
ABOUT E2GOLD INC.
E2Gold Inc. is a Canadian gold exploration company with a 541 claim exploration property adjacent to the Hawkins Property, which span four townships in north-central Ontario, about 140 km east of the Hemlo Gold Mine, and 75 km north of the Magino and Island Gold Mines.
For further information please contact:
Eric Owens
President and CEO
Eric.Owens@e2gold.ca
+1 647 699 3340
Jeff Pritchard
VP Corporate Development
info@e2gold.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of E2Gold, including with respect to the receipt of all regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260292
FAQ
What is the NDA breach claim between E2Gold (ETUGF) and Exploits Discovery?
What legal actions is E2Gold (ETUGF) pursuing against Exploits Discovery?
When did Exploits Discovery announce the Hawkins property option?
What strategic alternatives is E2Gold (ETUGF) considering?
