Kesselrun Resources Announces Shareholder and Court Approval for Plan of Arrangement with Gold X2 Mining

Core Viewpoint - Kesselrun Resources Ltd. has received overwhelming shareholder approval and court approval for its arrangement with Gold X2 Mining, which involves the acquisition of Kesselrun shares by Gold X2 [1][2][3] Group 1: Arrangement Details - Under the arrangement, each Kesselrun share will be exchanged for approximately 0.2152 Gold X2 shares and approximately $0.0213 in cash [3] - Kesselrun shareholders represented 55,219,208 shares at the meeting, accounting for 58.70% of the total shares entitled to vote, with 99.89% voting in favor of the arrangement [4] - The completion of the arrangement is subject to customary closing conditions, including approval from the TSX Venture Exchange, and Kesselrun shares are expected to be delisted following the arrangement [5] Group 2: Company Background - Kesselrun Resources Ltd. is a mineral exploration company based in Thunder Bay, Ontario, focused on growth through property acquisitions and discoveries [6] - Kesselrun holds a 100% interest in the Huronian Gold Project and the Bluffpoint Gold Project, covering approximately 5,160 hectares and 9,227 hectares respectively [7][9] - Gold X2 Mining is a growth-oriented gold company focused on acquiring and advancing primary gold assets, with a significant investment in the Moss Gold Project, which has an updated mineral resource estimate of 1.54 million ounces of Indicated gold resources [10]