Gold X2 Signs Definitive Agreement to Acquire Kesselrun Resources Ltd.

Core Viewpoint - Gold X2 Mining Inc. is set to acquire Kesselrun Resources Ltd. in a strategic move to consolidate its land position in the Shebandowan Greenstone Belt, enhancing its exploration potential and development capabilities [1][2][3]. Transaction Overview - The definitive agreement, dated September 30, 2025, outlines that Gold X2 will acquire all outstanding common shares of Kesselrun [1]. - The acquisition includes Kesselrun's Huronian Gold Project, a high-grade past-producing mine adjacent to Gold X2's Moss Gold Project [2]. - The transaction is expected to be completed by November 27, 2025, pending necessary approvals [8]. Financial Terms - Kesselrun shareholders will receive $0.02 in cash and 0.2152 common shares of Gold X2 for each Kesselrun share held, resulting in Kesselrun shareholders owning approximately 4.13% of Gold X2 post-transaction [4]. - Gold X2 will also assume Kesselrun's outstanding debt of $2 million and provide a $500,000 interest-free bridge loan to Kesselrun [7]. Approvals and Conditions - The transaction requires approval from at least 66⅔% of Kesselrun shareholders and is subject to regulatory approvals, including TSXV [6][8]. - The boards of both companies have approved the transaction, and Kesselrun's board received a fairness opinion regarding the deal [11][12]. Project Details - Kesselrun holds a 100% interest in the Huronian Gold Project, covering approximately 5,160 hectares, and is located in a highly prolific mining area [16]. - Gold X2's Moss Gold Project has a mineral resource estimate of 1.54 million ounces of Indicated gold resources and 5.20 million ounces of Inferred gold resources [17]. Strategic Implications - The acquisition is seen as a pivotal step for Gold X2 to enhance its resource growth and development synergies, positioning the company for long-term value creation [3][21]. - The combined projects are expected to deliver significant shareholder value and capitalize on the growth potential of the Huronian Gold Project [3][21].