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STRACON Group Holding Inc. Rejects False Claims Made by SLC Holdings Inc.
TMX Newsfile· 2026-01-23 23:54
Core Viewpoint - STRACON Group Holding Inc. rejects claims made by SLC Holdings Inc. regarding the legality of its merger with STRACON Peru, asserting that the merger is valid under both Canadian and Peruvian law [1][3][5]. Group 1: Merger Details - On November 1, 2025, STRACON Group and STRACON Peru completed a long-form amalgamation, resulting in STRACON Peru ceasing to exist separately and its assets and liabilities being assigned to STRACON's Peruvian branch [2]. - The merger is recognized as effective for both Canadian and Peruvian legal purposes, with all rights and obligations of STRACON Peru assumed by STRACON Group as of the effective date [3]. Group 2: Legal Proceedings - SLC filed an application with the Ontario Securities Commission on January 22, 2026, seeking to halt trading of STRACON's shares, claiming that STRACON Peru is not part of STRACON Group [3][4]. - The company intends to contest SLC's application, emphasizing that SLC's previous litigations in Peru are without merit and aimed at securing a claim for damages of US$26.8 million rather than challenging the merger's validity [4][5]. Group 3: Company Overview - STRACON is an integrated, engineering-led, and technology-enabled mining infrastructure and services group operating across the Americas, providing end-to-end solutions throughout the mining lifecycle [6]. - The company partners with leading global mining operators to design, build, operate, and maintain critical infrastructure for safe and sustainable mining operations [6].