New Risk • May 30
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$191k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$191k). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (457% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.5m market cap, or US$7.60m). 공시 • Apr 29
Seva Mining Corp., Annual General Meeting, Jun 25, 2026 Seva Mining Corp., Annual General Meeting, Jun 25, 2026. Board Change • Mar 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Quentin Adrian was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Mar 11
Oronova Energy Inc. (TSXV:ONV.H) completed the acquisition of Cameron Gold Operations Limited. Oronova Energy Inc. (TSXV:ONV.H) entered into a definitive amalgamation agreement to acquire Cameron Gold Operations Limited for CAD 27.8 million on November 19, 2025. The consideration comprised of CAD 5 million in cash, 80 million common shares of Oronova, and a future cash payment of at least CAD 2 million. Prior to the completion of the Transaction, and subject to approval of the TSXV, Oronova intends that FinCo will complete a non-brokered private placement of up to 60 million shares at a price of CAD 0.25 per FinCo Share for total gross proceeds of up to CAD 15 million. The proceeds of the Offering will be used to fund the exploration and advancement of the Project, to pay transaction costs and expenses, and to provide general working capital. Upon completion of the Offering and Transaction, First Mining is expected to own approximately 48% of Seva. Oronova will be renamed to Seva Mining Corp., with First Mining to be its largest shareholder and will be supported by the Fiore Group. First Mining will have the right to nominate two directors to the Seva Board of Directors pursuant to an investor rights agreement to be executed at closing.
Closing of the Transaction is subject to customary conditions for a transaction of this nature, including the approval of the TSXV and completion of the Offering, and is expected to close in Q1 2026.
Oronova Energy Inc. (TSXV:ONV.H) completed the acquisition of Cameron Gold Operations Limited on March 10, 2026. 공시 • Dec 20
Oronova Energy Inc. announced that it has received CAD 2.8515 million in funding On December 19, 2025, Oronova Energy Inc closed the transaction. 공시 • Nov 21
Cameron Gold Operations Limited entered into a definitive amalgamation agreement to acquire Oronova Energy Inc. (TSXV:ONV.H) for CAD 27.8 million in a reverse merger transaction. Cameron Gold Operations Limited entered into a definitive amalgamation agreement to acquire Oronova Energy Inc. (TSXV:ONV.H) for CAD 27.8 million in a reverse merger transaction on November 19, 2025. The consideration comprised of CAD 5 million in cash, 80 million common shares of Oronova, and a future cash payment of at least CAD 2 million. Prior to the completion of the Transaction, and subject to approval of the TSXV, Oronova intends that FinCo will complete a non-brokered private placement of up to 60 million shares at a price of CAD 0.25 per FinCo Share for total gross proceeds of up to CAD 15 million. The proceeds of the Offering will be used to fund the exploration and advancement of the Project, to pay transaction costs and expenses, and to provide general working capital. Upon completion of the Offering and Transaction, First Mining is expected to own approximately 48% of Seva. Oronova will be renamed to Seva Mining Corp., with First Mining to be its largest shareholder and will be supported by the Fiore Group. First Mining will have the right to nominate two directors to the Seva Board of Directors pursuant to an investor rights agreement to be executed at closing.
Closing of the Transaction is subject to customary conditions for a transaction of this nature, including the approval of the TSXV and completion of the Offering, and is expected to close in Q1 2026. 
