Mandalay Obtains Final Order Approving Arrangement with Alkane

Core Viewpoint - Mandalay Resources Corporation has received final court approval for its arrangement with Alkane Resources Limited, where Alkane will acquire all outstanding shares of Mandalay, with shareholders receiving 7.875 shares of Alkane for each Mandalay share held [1][2]. Group 1: Arrangement Details - The Supreme Court of British Columbia issued a final order approving the plan of arrangement under the Business Corporations Act [1]. - The arrangement is expected to close on August 5, 2025 [2]. Group 2: Company Overview - Mandalay Resources is a Canadian natural resource company with producing assets in Australia and Sweden, focusing on increasing production and reducing costs to generate positive cash flow [3]. - The company is committed to safe and environmentally responsible operations while fostering community and employee engagement [3].