Core Viewpoint - Great Pacific Gold Corp. has received final court approval for the spin-out of Walhalla Gold Corp., allowing GPAC shareholders to receive shares of Walhalla, which will own the Walhalla Gold Project in Victoria, Australia [1][2]. Group 1: Spin-Out Details - The spin-out will distribute one Walhalla common share for every GPAC common share held by shareholders as of December 12, 2025 [2]. - The new Walhalla common shares will be issued to GPAC shareholders on December 15, 2025, pending acceptance by the TSX Venture Exchange [2]. Group 2: Walhalla Gold Project Overview - The Walhalla-Woods Point Goldfield is a significant goldfield in Victoria, Australia, with an estimated total historic gold production of 2.2 million ounces (72.2 tonnes) at a gold grade of 25.3 grams per tonne [3]. - The goldfield contains over 420 mines/workings and is located approximately 150 kilometers east of Melbourne [3]. Group 3: Company Overview - Great Pacific Gold aims to become a leading gold-copper development company in Papua New Guinea, with a portfolio of exploration-stage projects [5]. - The flagship Wild Dog Project in East New Britain province features a large-scale epithermal target and has shown high-grade results from drilling [5]. - The Kesar Project, contiguous with K92 Mining Inc.'s tenements, has multiple high-priority targets and has demonstrated high gold grades in exploration work [5]. - The Arau Project contains the Mt. Victor exploration target and has completed a Phase 1 Reverse Circulation drilling program with encouraging results [5][6].
Court Approval Received and Effective Date Set for Walhalla 1:1 Spinout