Wedoany.com Report on Mar 17th, Seva Mining Corp. (SEVA:TSX.V) announced on March 11 that it has completed the reverse takeover of Cameron Gold Operations Ltd., acquiring full ownership of the Cameron Gold Project located in northwestern Ontario, Canada. This transaction, valued at C$27 million, was completed through a three-cornered amalgamation, with the newly formed wholly-owned subsidiary Amalco now holding the project.

Concurrent with the acquisition, the company changed its name from Oronova Energy Inc. to Seva Mining Corp. and is expected to resume trading on the TSX Venture Exchange on March 18. CEO Ranj Pillai stated, "Seva is a company committed to building social capital within the communities we work with, supported by an exceptional team focused on creating shareholder value." Additionally, on March 9, Seva granted incentive stock options to directors and officers at an exercise price of C$0.26 per share.

The Cameron Gold Project boasts an NI 43-101 compliant mineral resource estimate, with measured and indicated gold resources of 515,000 ounces and inferred resources of 740,000 ounces. Seva plans to conduct a 25,000-meter drilling program for further development. The project also includes a stockpile of mineralized material averaging 3.5 grams per tonne.

Following the transaction, First Mining Gold Corp. became Seva's major shareholder with approximately 47.85% ownership and the right to appoint two directors. The Fiore Group holds about 21%, while insiders and management hold approximately 13%. Seva Mining Corp. has a market capitalization of approximately C$6.34 million with 24.38 million shares outstanding.