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Lode Gold Appoints David Swetlow as CFO and Strengthens Management Team
Newsfile· 2025-12-13 00:33
Core Viewpoint - Lode Gold Resources Inc has appointed David Swetlow as Chief Financial Officer to facilitate the spin-off of its subsidiary Gold Orogen, which is nearing completion of a reverse take-over transaction to become a public company [1][4][10] Company Overview - Lode Gold has key assets located in Canada and the United States [5] - The company is focused on unlocking shareholder value through strategic corporate actions, including the spin-off of Gold Orogen [1][10] Appointment of CFO - David Swetlow brings over 30 years of experience in finance, operations, and corporate governance, having held various senior management and advisory roles [3] - His expertise includes company formation, financing, and public company management, which will enhance Lode Gold's existing team [4] Spin-off Details - The record date for Lode Gold shareholders entitled to receive shares of Gold Orogen will be set soon, with a distribution of approximately 0.57 shares of Gold Orogen for each common share of Lode Gold held [2] - The spin-off aims to create two standalone public companies with distinct growth trajectories [10] Gold Orogen Assets - Gold Orogen is an early-stage exploration company with quality assets in Yukon and New Brunswick, Canada, benefiting from a strategic partnership and a large land package [7] - The New Brunswick assets are located in a highly prospective area with significant discoveries, while the Yukon assets have shown extensive exploration success [8][9] Fremont Gold Project - The Fremont Gold Project in California has a historical mining record with a PEA completed in 2023, indicating a resource of 1 million ounces (M&I) and 2 million ounces (Inferred) [6] - The project is situated on over 3,000 acres of 100% owned land, designated as an Opportunity Zone, providing special tax incentives [6] Stock Options - Lode Gold has awarded David Swetlow 322,000 stock options at an exercise price of $0.21, with a vesting schedule that includes 50% on grant and the remaining 50% after one year [4]
Digicann Ventures Provides Update Regarding Proposed RTO Transaction
Globenewswire· 2025-04-22 20:00
Core Viewpoint - Digicann Ventures Ltd. has announced the postponement of its proposed reverse take-over (RTO) by 3Win Corp. to the second half of 2025 due to market volatility and depressed valuations in the cannabis sector [1][2]. Group 1: Proposed Transaction Details - The decision to delay the RTO aims to refine strategic objectives, enhance operational readiness, and explore additional opportunities to increase shareholder value [2]. - The completion of the Proposed Transaction requires shareholder approval, with at least two-thirds (66 2/3%) of votes needed or a simple majority excluding interested parties [3]. - The transaction is subject to conditions, including a minimum cash requirement at closing and necessary regulatory approvals [4]. Group 2: Company Background - 3Win Corp. is a global distributor of CCELL® vape products and offers customization services for brands in the cannabis and hemp markets [9]. - 3Win's subsidiary, 3Win Holdings (Canada) Corp., focuses on the development and distribution of controlled substances under Canadian licenses, including cannabinoid products and psychedelic mushrooms [10]. Group 3: Regulatory and Compliance Information - None of the shares to be issued in connection with the Proposed Transaction will be registered under the U.S. Securities Act, limiting their sale within the United States [5]. - The Proposed Transaction and the listing of the resulting issuer are subject to review by the Exchange, and conditional approval has not yet been granted [8].