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G2M CAP CORP. ANNOUNCES LETTER OF INTENT IN RESPECT OF QUALIFYING TRANSACTION WITH SALESCLOSER AI AND WISHPOND TECHNOLOGIES
Prnewswire· 2025-11-05 11:00
Core Insights - Wishpond Technologies Ltd. is spinning out its SalesCloser business into a separate public company to enhance focused expansion in AI sales and marketing [1][5][6] Transaction Overview - A non-binding letter of intent (LOI) has been signed for G2M Cap Corp. to acquire SalesCloser through a reverse takeover, with Wishpond expected to retain approximately 68% ownership of the new entity [1][2][9] - The transaction is anticipated to close around January 30, 2026, subject to regulatory approvals and the execution of a definitive agreement [2][7] SalesCloser Business Highlights - SalesCloser operates an advanced conversational AI platform that automates sales processes, achieving over $1.7 million in annual recurring revenue (ARR) and over 5x growth in ARR with gross margins near 85% [3][4] - The platform is designed to improve sales efficiency and reduce hiring costs while driving higher conversion rates [3] Strategic Objectives - The spin-out aims to unlock shareholder value and allow both Wishpond and SalesCloser to focus on their respective strengths, with Wishpond planning to reinvest in its core marketing technology platform [5][6] - SalesCloser is expected to become a leader in the conversational AI space for sales, supported by strong demand and rapid product innovations [5][6] Financial Aspects - Wishpond will receive 22,750,000 Resulting Issuer Shares at a deemed price of $0.75 per share, totaling approximately $17 million [9] - SalesCloser plans to undertake a bridge financing of up to $1.5 million through convertible notes, which will convert into shares if the transaction closes [11] - Concurrently, G2M intends to complete a private placement for up to $4 million, with subscription receipts priced at $0.75 each [12][13] Governance and Management - The Resulting Issuer will have a board comprising key executives from both G2M and SalesCloser, including Ali Tajskandar as CEO and Chairman [22][23] - Employment agreements will grant options to acquire 3,800,000 Resulting Issuer Shares to the CEO and COO of SalesCloser [15] Conditions and Approvals - The transaction is subject to various conditions, including the completion of financing, absence of material adverse changes, and shareholder approvals [17][36] - G2M intends to apply for a waiver from the sponsorship requirements of the TSXV [31]
Cobra Venture Corporation Provides Update on Proposed Reverse Takeover with Robinson Energy Limited
Newsfile· 2025-11-03 17:00
Core Points - Cobra Venture Corporation is in negotiations for a reverse takeover with Robinson Energy Limited, aiming to finalize a definitive agreement [1][2] - The resulting issuer from the transaction will continue Robinson's business and intends to maintain its listing as a Tier 2 Oil and Gas Issuer on the TSX Venture Exchange [2] Company Information - Robinson Energy Limited is a privately held company established in Alberta on March 4, 2022, focused on acquiring and developing strategic petroleum licenses in Papua New Guinea [3] - Robinson has secured its first petroleum license, PRL 62 [3] Financial Update - Robinson has completed a private placement financing, raising approximately CAD$4,080,351.50, which will be used for transaction-related expenses, advancing the PRL 62 license, and general working capital [4]
nDatalyze Corp. updates the "Epitome" Predictive Sports Performance Analytics Project and the RTO progress.
Thenewswire· 2025-10-20 16:35
Core Insights - nDatalyze Corp. has successfully completed the genetic swab and questionnaire collection for two of the three teams involved in the Epitome predictive analytics project, with the third team's data collection set to begin before October 31 and expected to conclude by the end of November [1] - The President of nDatalyze Corp., Jim Durward, highlighted exceptional player participation and the collaborative effort to leverage technology for improved performance [1] - The ongoing reverse takeover (RTO) process is experiencing delays due to the complexity of product SKUs and the tracking of items from purchase to sale, with the tax opinion for the controlling shareholder now received and finalization of paperwork underway [1] Company Developments - The RTO target audit is currently in progress, with the extended timeframe attributed to the large number of product SKUs [1] - The Corporation's shares will remain halted until the RTO is either completed or abandoned [1] - Anticipated private placement and presentation to the Canadian Securities Exchange (CSE) are in the works as part of the RTO process [1]
Serra Energy Announces Concurrent Financing with ROV Transaction RTO
Newsfile· 2025-10-14 20:30
Core Viewpoint - Serra Energy Metals Corp. is undergoing a significant internal reorganization and amalgamation with ROV Investment Partners Corp. and a subsidiary, which will lead to a reverse takeover and the establishment of a new entity focused on a digital healthcare platform [2][3]. Group 1: Transaction Details - The amalgamation involves acquiring all issued and outstanding securities of ROV, resulting in a reverse takeover by ROV's shareholders [2]. - The primary business of the resulting entity will be UBERDOC, Inc., which operates a digital platform for direct-pay access to medical professionals [2]. - The private placement aims to raise a minimum of $3,500,000 through the sale of at least 10,000,000 subscription receipts at a price of $0.35 each [3]. Group 2: Financial Structure - Each subscription receipt will convert into one unit of ROV upon meeting certain conditions, with each unit consisting of one common share and half a warrant of the resulting issuer [3]. - The resulting issuer warrants will be exercisable into one common share at an exercise price of $0.50 for two years following issuance [3]. - Current shareholders of the company are expected to own approximately 10.3% of the outstanding shares of the resulting issuer upon closing of the transaction [4]. Group 3: Use of Proceeds - The gross proceeds from the private placement will be held in escrow and are intended to advance business milestones and for working capital purposes following the transaction's completion [5]. Group 4: Compensation and Fees - ROV will pay a cash commission of $245,000 and issue 700,000 broker warrants to the agent involved in the private placement [6]. Group 5: Company Overview - Serra Energy Metals Corp. is publicly traded on the Canadian Securities Exchange and focuses on the acquisition, exploration, and development of green metal projects [7].
Imperial Ginseng Provides Further Update on Transaction with One Bullion
Globenewswire· 2025-10-09 12:30
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]
GoviEx-Tombador Transaction Receives Shareholder Approval from Tombador
Newsfile· 2025-10-08 10:00
Core Viewpoint - GoviEx Uranium Inc. has received shareholder approval from Tombador Iron Limited for a reverse takeover, paving the way for the formation of Atomic Eagle Ltd, an ASX-listed uranium developer [1][2]. Group 1: Transaction Details - Tombador shareholders approved all resolutions necessary for the reverse takeover, including the issuance of shares to GoviEx shareholders and the change of name to Atomic Eagle Ltd [2]. - A special meeting for GoviEx Securityholders is scheduled for October 24, 2025, to vote on the Transaction [3]. - The closing of the Transaction is targeted for early November 2025, pending approvals from GoviEx Securityholders and regulatory bodies [4]. Group 2: Company Objectives - GoviEx aims to strengthen its balance sheet and simplify its corporate structure to advance the Muntanga uranium project in Zambia [2][6]. - The company is focused on becoming a significant uranium producer through continued exploration and development of its uranium properties in Africa [6].
GoviEx Uranium Announces Continued Progress on Reverse Takeover of Tombador Iron
Newsfile· 2025-10-06 10:00
Core Viewpoint - GoviEx Uranium Inc. is making significant progress on its reverse takeover of Tombador Iron Limited, which is expected to result in the formation of Atomic Eagle Ltd, a uranium developer listed on the ASX [1][2]. Group 1: Transaction Progress - The reverse takeover transaction was initially announced on August 18, 2025, and has been amended on September 5, 2025, with ongoing advancements towards completion [2]. - Tombador has filed its prospectus with the Australian Securities and Investments Commission (ASIC), and a shareholder meeting is scheduled for October 08, 2025, to vote on the transaction [3]. - GoviEx will hold a special meeting for its shareholders, optionholders, and warrantholders on October 24, 2025, to consider and approve the transaction, which is subject to various approvals and the completion of Tombador's capital raising [4]. Group 2: Company Overview - GoviEx Uranium Inc. is focused on the exploration and development of uranium properties in Africa, with the Muntanga Project in Zambia being a key asset [6]. - The company aims to become a significant uranium producer through continued exploration and development efforts [6].
Sanatana Resources Inc. Announces Closing of Transaction to Acquire Gold Strike One Project (Yukon) and Abitibi Property (Quebec)
Newsfile· 2025-10-01 22:47
Core Viewpoint - Sanatana Resources Inc. has successfully completed the acquisition of the Gold Strike One Project in Yukon and the Abitibi Property in Quebec, enhancing its project portfolio and positioning in the mining sector [1][2]. Acquisition Summary - The acquisition was finalized under a purchase agreement dated July 1, 2025, with LIRECA Resources Inc. and its affiliate, Florin Resources Inc. [3]. - Sanatana issued 24,745,620 common shares and paid $1,800,000 in cash for the Gold Strike One Project, and $200,000 in cash for the Abitibi Property [4]. - The acquisition includes potential bonus payments contingent on the announcement of a resource estimate for the acquired assets [4]. Royalty Agreements - The company entered into royalty agreements that include a 2% net smelter returns royalty for the Gold Strike One Project and a 3% net smelter returns royalty for the Abitibi Property [5]. Related Party Transactions - The acquisition is classified as a related party transaction, and the company obtained minority shareholder approval through written consent from shareholders holding 52.31% of the common shares [8]. Concurrent Financing - In conjunction with the acquisition, Sanatana completed a non-brokered private placement of 7,939,495 units at $0.60 per unit, raising gross proceeds of $4,763,697 [9]. - Each unit consists of one common share and one-half of a share purchase warrant, with warrants exercisable at $0.95 for 36 months [9]. Name Change and Ticker Symbol - The company plans to change its name to "Gold Strike Resources Corp." and its ticker symbol to "GSR," expected to take effect around October 8, 2025 [13]. Management Structure - Following the transaction, the management team remains unchanged, with Peter Miles continuing as CEO [15].
Sanatana Announces TSX-V Conditional Approval of Transaction to Acquire Gold Strike One Project (Yukon) and Abitibi Property (Quebec)
Newsfile· 2025-09-23 22:51
Core Viewpoint - Sanatana Resources Inc. has received conditional approval from the TSX Venture Exchange for the acquisition of the Gold Strike One Project in Yukon and the Abitibi Property in Quebec, marking a significant step in the company's growth strategy [1][2]. Group 1: Proposed Acquisition - The acquisition involves a non-arm's length "Reverse Takeover" as defined by TSX-V Policy 5.2 [1]. - The resulting entity will operate under the name "Gold Strike Resources Corp." with the ticker symbol "GSR" [2]. - The completion of the acquisition is subject to customary closing conditions, including shareholder approvals and final acceptance from TSX-V, with an expected closing date in September 2025 [9]. Group 2: Concurrent Financing - Sanatana has announced a non-brokered private placement of up to 8,800,000 units at a price of $0.60 per unit, aiming for gross proceeds of up to $5,280,000, with a potential over-allotment of 15% [3][4]. - A minimum of $4,300,000 in gross proceeds must be raised through this financing to meet TSX-V listing requirements for the acquisition [4]. Group 3: Regulatory Compliance - The company has filed a TSX-V filing statement dated September 23, 2025, providing detailed information about the acquisition and the target assets [6]. - Sanatana is seeking an exemption from the shareholder meeting requirement to expedite the approval process, which would allow for closing the acquisition on an accelerated basis [7][8].
GoviEx Uranium Submits Environmental and Social Impact Assessment for Muntanga Project
Newsfile· 2025-09-23 10:00
Core Viewpoint - GoviEx Uranium Inc. has submitted the Environmental and Social Impact Assessment (ESIA) for its Muntanga Uranium Project in Zambia, marking a significant step in the project's development and permitting process [1][2][3] Project Development - The ESIA submission follows a draft that received no objections from the Zambia Environmental Management Agency (ZEMA), allowing GoviEx to proceed with the filing [2] - Approval of the ESIA is expected to take up to six months and is crucial for obtaining an Environmental Permit [3] - The ESIA is being reviewed alongside the Resettlement and Compensation Action Plan (RCAP), ensuring integration of environmental and social considerations [3] Financial Metrics - The Muntanga Project is designed as a shallow open-pit, heap leach operation with a projected mine life of 12 years, low operating costs, and strong financial returns [4] - A positive Feasibility Study indicated an after-tax NPV at 8% of USD 243 million and an IRR of 20.8% based on a uranium price of USD 90 per pound U3O8 [4] Corporate Strategy - GoviEx is undergoing a reverse takeover with Tombador Iron Limited, which will lead to a rebranding as Atomic Eagle Ltd and listing on the Australian Securities Exchange (ASX) [3] - This transaction aims to strengthen the company's balance sheet and enhance its capacity to advance the Muntanga Project [3]