Imperial Ginseng Provides Further Update on Transaction with One Bullion

Core Viewpoint - Imperial Ginseng Products Ltd. is progressing with a reverse takeover transaction involving One Bullion Limited, which is a gold exploration company based in Ontario, Canada [1][2] Transaction Details - The transaction has received conditional approval from the TSX Venture Exchange (TSXV) and will result in the combined entity being listed as a Tier 2 Mining Issuer [2] - The transaction is structured as a three-cornered amalgamation without court approval, involving a consolidation of shares at a ratio of one new share for every 1.25 old shares [5] - The closing date for the transaction has been extended from September 30, 2025, to November 28, 2025 [4] Financing Aspects - One Bullion plans to conduct a brokered concurrent financing of 13,888,888 to 27,777,777 subscription receipts at a price of $0.36 each, aiming to raise between $5 million and $10 million [8] - The net proceeds from the concurrent financing will be allocated for general working capital purposes [12] Shareholder Structure Post-Transaction - Following the transaction, approximately 179,770,596 common shares of the resulting issuer are expected to be outstanding, with about 88.8% held by former One Bullion shareholders [13] Regulatory and Compliance Information - The TSXV has waived the sponsorship requirements for the transaction [14] - The completion of the transaction is subject to final TSXV acceptance and satisfaction of certain closing conditions [18]