The Toronto Stock Exchange reports that Starcore International Mines Ltd. will transfer its African assets to its wholly owned subsidiary, EU Gold Mining Inc. and will distribute common shares of EU Gold to the shareholders of Starcore. According to the TSX, Starcore shareholders will receive one common share of EU Gold for every two Starcore shares held.

The record date for the distribution is Feb. 6, 2026 (at the close), the ex distribution date for the Starcore shares is Feb. 6, 2026 (at the open), and the payable date is March 5, 2026.

The TSX notes that no fractional EU Gold shares will be issued. The number of EU Gold shares to be distributed to a Starcore shareholder will be rounded to the nearest whole number of EU Gold shares with fractions of 0.5 rounded up. No cash payment in lieu of any fractional EU Gold shares will be paid.

For more information, see Starcore's information circular dated Sept. 19, 2025, Starcore's news releases dated July 8, 2025, and Feb. 2, 2026. The TSX has been advised the EU Gold will seek a listing of the EU Gold shares on a Canadian stock exchange. Any such listing will be subject to EU Gold meeting all of the listing requirements of such stock exchange.