The TSX Venture Exchange has accepted for filing an arrangement agreement dated Dec. 12, 2023, between Barsele Minerals Corp. and Gold Line Resources Ltd. pursuant to which Barsele acquired Gold Line. The acquisition was completed pursuant to a plan of arrangement under the provisions of the Business Corporations Act (Business Columbia).

Gold Line's shareholders approved the arrangement at a special meeting held on Feb. 15, 2024. The Supreme Court of British Columbia approved the arrangement on Feb. 20, 2024. The arrangement closed on Feb. 23, 2024, with shareholders of Gold Line receiving 0.7382 of a common share of Barsele for each common share of Gold Line held, all as more particularly described in Gold Line's information circular dated Jan. 17, 2024. Letters of transmittal were used.

For further details, please refer to Barele's and Gold Line's news releases dated Dec. 13, 2023, Feb. 16, 2024, Feb. 21, 2024, and Feb. 26, 2024, and Gold Line's information circular dated Jan. 17, 2024, each of which is available on SEDAR+.