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nDatalyze Corp. announces termination of the proposed RTO with a Vancouver-based private company ("FoodCo")
Thenewswire· 2026-01-22 16:20
Calgary, Alberta – TheNewswire - January 22, 2026 –  nDatalyze Corp. (“NDAT” or the “Corporation”) (CSE: NDAT) (OTCQB: NDATF) announces that due to ongoing delays on the part of FoodCo and FoodCo’s default on certain terms of the Binding Memorandum of Understanding signed on August 1, 2025 and announced on August 5, 2025, the Corporation has today notified FoodCo that it is terminating the proposed RTO with FoodCo. The Corporation will continue with commercialization efforts for the Epitome Hockey-centric ...
BWR Exploration Inc. and Electro Metals and Mining Inc. Announce Meeting of Shareholders and Record Date
Globenewswire· 2025-11-25 15:52
Core Viewpoint - BWR Exploration Inc. is set to hold its Annual General and Special Meeting on December 31, 2025, to approve a Reverse Takeover (RTO) by Electro Metals and Mining Inc., which is expected to create a new publicly traded company with significant growth potential in the mining sector [1][3][5]. Group 1: Company Announcements - BWR will issue one post-consolidation share for each Electro share, implying a share price of $0.021 for each pre-consolidation BWR share [3]. - Both companies' Boards of Directors have unanimously voted in favor of the Transaction and are encouraging shareholders to support it [3][6]. - A ZOOM call to present the Transaction will take place on November 27, 2025 [3]. Group 2: Financial Aspects - The companies plan to raise between $1.6 million and $2.25 million through Flow Through (FT) Units priced at $0.26, and between $1.6 million and $1.75 million through Hard Dollar (HD) Units priced at $0.20 [4]. - Each FT Unit will consist of one FT common share and one-half of a Common Share Purchase Warrant, while each HD Unit will consist of one Common Share and one Common Share Purchase Warrant [4]. Group 3: Project and Asset Details - The Transaction aims to establish a company with high-grade copper and gold projects, particularly focusing on the Magusi–Fabie Project in Québec, which is seen as a critical and precious metals opportunity [4][6]. - Electro holds a 100% interest in a block of claims covering 570.73 hectares with historical copper-silver mineralization and has an option for an adjacent block of 6,517.6 hectares [8][10]. - The plan includes expanding known resources at the Magusi and Fabie deposits and exploring other high-priority targets on the combined property [10]. Group 4: Management and Expertise - Management teams of both BWR and Electro consist of experienced professionals with decades of operational experience in the junior resource sector [7][11]. - The companies emphasize their commitment to creating significant value for shareholders through the successful completion of the Transaction and subsequent exploration efforts [4][6].
nDatalyze Corp. Updates the RTO Progress
Thenewswire· 2025-11-03 14:00
Core Viewpoint - nDatalyze Corp. has received an additional good faith deposit of $20,000 from the RTO target, indicating continued commitment despite delays related to audit and tax opinion [1]. Group 1 - The additional deposit provides assurance regarding the RTO target's commitment to the reverse takeover (RTO) process [1]. - Trading of nDatalyze Corp.'s shares will remain halted until the RTO is either completed or abandoned [1].
RTO Transaction Proposed Between Hochschild's Tiernan Gold and Railtown Capital; Fausto Di Trapani to Be Named CEO of Resulting Issuer
Newsfile· 2025-09-03 15:43
Core Viewpoint - Tiernan Gold Corp, a subsidiary of Hochschild Mining PLC, is set to undergo a reverse takeover (RTO) by Railtown Capital Corp, which will result in Railtown acquiring all issued securities of Tiernan in exchange for its own securities, leading to the establishment of a new entity focused on the Volcan gold project in Chile [1][10][51]. Group 1: Proposed Transaction Details - The letter of intent (LOI) was signed on September 2, 2025, outlining the terms for the business combination [1]. - The RTO will be classified as a "Qualifying Transaction" under TSXV policies, allowing the resulting issuer to meet the initial listing requirements as a "Tier 1" mining company [1][10]. - The transaction is expected to close in November 2025, pending shareholder and regulatory approvals [7][12]. Group 2: Management and Board Structure - Fausto Di Trapani will be appointed as the CEO of the resulting issuer, bringing over 20 years of experience in mining and corporate finance [14]. - The initial board of directors will include members from both Railtown and Hochschild, with additional independent directors to be appointed [7][13]. Group 3: Volcan Project Highlights - The Volcan Project has a mineral resource estimate of 9.8 million ounces of gold in measured and indicated resources and 1.2 million ounces in inferred resources [21]. - A positive Preliminary Economic Assessment (PEA) indicates a net present value (NPV) of US$1.5 billion and an internal rate of return (IRR) of 29% at a gold price of US$2,400 per ounce [21][44]. - The project is designed for a 22 million tonne per annum open-pit, heap leach operation with a 14-year mine life [21][28]. Group 4: Financial Overview - The resulting issuer is expected to have approximately CAD 15 million in cash upon completion of the transaction [7]. - The total initial capital cost for the Volcan Project is estimated at US$1,019 million, with sustaining capital costs of US$320 million [37]. - The average annual gold production is projected to be 332,000 ounces for the first 10 years, totaling 3.8 million ounces over the estimated mine life [28][45].
Sonim Technologies Special Committee Determines Latest Orbic Proposal to be Inferior to Social Mobile Transaction Amidst Ongoing Strategic Review
Newsfile· 2025-07-02 20:17
Core Viewpoint - Sonim Technologies' Special Committee has determined that the unsolicited proposal from Orbic North America is inferior to the existing Letter of Intent with Social Mobile for the sale of Sonim's operating assets, emphasizing the commitment to maximizing stockholder value through the Social Mobile transaction [1][2]. Group 1: Comparison of Proposals - The Social Mobile LOI offers greater transaction value and certainty as it does not require third-party financing, providing a clear path for the sale of legacy assets and a concurrent reverse takeover [2]. - Orbic's proposal is highly conditional, with financing contingent upon satisfactory due diligence and lacking clarity on the financing source, raising concerns about its feasibility [2][3]. - The likelihood of consummation is higher with Social Mobile, as negotiations for a definitive agreement are actively progressing and a cooperative relationship has been established [2][3]. Group 2: Concerns Regarding Orbic - Orbic's proposal entails high execution and timing risks, jeopardizing the progress made under the Social Mobile LOI and requiring a restart of due diligence and negotiations [2][3]. - Orbic has a concerning track record, having been involved in over ten legal actions in the past decade, including significant judgments against its affiliates [3]. - The strategy employed by Orbic, which includes litigation and a proxy contest, raises questions about its credibility and true motives [3]. Group 3: Call to Action - The Special Committee urges stockholders to support the strategic path forward with Social Mobile, which is believed to deliver the best value and terms available [4].