Reverse Takeover

Search documents
nDatalyze Corp. updates the "Epitome" Predictive Sports Performance Analytics Project and the RTO progress.
Thenewswire· 2025-10-20 16:35
Calgary, Alberta – October 20, 2025 – TheNewswire – nDatalyze Corp. (“NDAT” or the “Corporation”) (CSE: NDAT) (OTCQB: NDATF) is pleased to announce the completion of the genetic swab and Questionnaire collection for two WHL-league teams of the three teams participating in the Epitome predictive analytics project. The third team is from the Ontario University Athletics (OUA) conference and its data collection is to begin before October 31 with closure expected prior to the end of November. The Corporation’s ...
Serra Energy Announces Concurrent Financing with ROV Transaction RTO
Newsfile· 2025-10-14 20:30
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) - Serra Energy Metals Corp. (CSE: SEEM) (OTCQB: ESVNF) ("Serra" or the "Company") is pleased to announce that, pursuant to an engagement agreement dated October 7, 2025, ROV Investment Partners Corp. ("ROV") has engaged Canaccord Genuity Corp. to act as lead agent and sole bookrunner (the "Agent") for a private placement (the "Private Placement") being undertaken in connection with the internal reorganization and amalgamation previously annou ...
Imperial Ginseng Provides Further Update on Transaction with One Bullion
Globenewswire· 2025-10-09 12:30
VANCOUVER, British Columbia, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Imperial Ginseng Products Ltd. (TSXV: IGP) (the “Company”), further to its news releases on May 8 and August 14, 2025, provides a further update with respect to its previously announced reverse takeover transaction (the ”Transaction”) with One Bullion Limited (“One Bullion”), a private arm’s length Ontario-incorporated gold exploration company headquartered in Toronto, Ontario, with projects located in Botswana. The Transaction is governed by a ...
GoviEx-Tombador Transaction Receives Shareholder Approval from Tombador
Newsfile· 2025-10-08 10:00
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2025) - GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or the "Company") is pleased to announce that, further to its news release dated October 6, 2025, shareholders of Tombador Iron Limited ("Tombador") have approved all shareholder resolutions required to complete the proposed reverse takeover of Tombador by GoviEx (the "Transaction").At a general meeting held on October 8, 2025, Tombador shareholders passed, by the requisite majorities, ...
GoviEx Uranium Announces Continued Progress on Reverse Takeover of Tombador Iron
Newsfile· 2025-10-06 10:00
GoviEx Uranium Announces Continued Progress on Reverse Takeover of Tombador IronOctober 06, 2025 6:00 AM EDT | Source: GoviEx Uranium Inc.Vancouver, British Columbia--(Newsfile Corp. - October 6, 2025) - GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or the "Company") is pleased to report further progress on its proposed reverse takeover transaction (the "Transaction") with Tombador Iron Limited ("Tombador"). Since announcing the Transaction on August 18, 2025, as amended and restate ...
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]
GoviEx Uranium's Isabel Vilela shares insights into progress in Niger, Tombador Iron transaction – ICYMI
Proactiveinvestors NA· 2025-09-20 15:33
Group 1: Corporate Developments - GoviEx Uranium has agreed with the Republic of Niger to extend the pause in arbitration over the Madaouela Project license for another six months, allowing continued discussions [3][4]. - The company has made significant progress in the reverse takeover transaction with Tombador Iron, with over 40% of GoviEx security holders committing to support the deal [2][5]. Group 2: Transaction Details - The Tombador transaction is expected to provide access to Australian mining investors and an injection of between A$5 million and A$10 million at a premium to the current share price, enhancing the company's financial position [2][7]. - GoviEx shareholders will retain 75% of the combined company pre-raise, indicating a favorable outcome for existing investors [8]. Group 3: Future Plans - The company plans to close the transaction before the end of the year, pending regulatory approvals, with a shareholder meeting scheduled for later in October [6]. - GoviEx will undergo rebranding to Atomic Eagle, aiming to create a refreshed platform focused on developing the Muntanga Project [9].
GoviEx Uranium Provides Update on Reverse Takeover of Tombador Iron
Newsfile· 2025-09-05 10:00
Core Viewpoint - GoviEx Uranium Inc. is progressing towards a reverse takeover transaction with Tombador Iron Limited, which is expected to create a new entity named "Atomic Eagle Ltd" focused on uranium development [1][2]. Transaction Details - The Arrangement Agreement was announced on August 18, 2025, and aims to simplify corporate structure and strengthen the balance sheet for the new entity [2]. - Upon completion, GoviEx shareholders will own 75% of Atomic Eagle, while Tombador shareholders will hold 25% [3]. - Tombador plans to raise between A$5.0 million and A$10.0 million at a minimum issue price of A$0.28 per share, representing a 28% premium to GoviEx's share price, which will enhance the combined company's cash reserves to between A$19.4 million and A$24.4 million [3]. Shareholder Support and Approvals - Over 40% of GoviEx securityholders have signed binding support agreements for the transaction [4][9]. - Tombador has initiated the formal approval process by filing its Meeting Circular with the Australian Securities Exchange, with a shareholder vote scheduled for October 8, 2025 [4]. - GoviEx's securityholder meeting is set for October 24, 2025, to approve the amended Arrangement Agreement [5]. Future Plans - The company intends to secure an OTC listing for Atomic Eagle alongside its ASX listing, aligning with other ASX-listed uranium peers [6]. - The transaction is expected to close in early November 2025, pending necessary approvals [6].