The Toronto Stock Exchange reports that Ascendant Resources Inc. will be delisted at the close on May 21, 2025. According to the TSX, Cerrado Gold Inc. has acquired all of the outstanding common shares of Ascendant Resources for approximately 0.1282 of a common share of Cerrado per Ascendant Resources share held.

The TSX notes that any fractional interests representing 0.5 or more of a share of Cerrado will be rounded up to the nearest whole number. Any fractional interests representing less than 0.5 of a share of Cerrado will be rounded down to the nearest whole number. To receive the consideration, Ascendant Resources shareholders must return the letter of transmittal together with share certificates to TSX Trust Company at its principal offices in Toronto.

For more information, see Ascendant Resources' management information circular dated April 3, 2025, available on SEDAR+.