The TSX Venture Exchange has accepted for filing documentation pertaining to a three-corner amalgamation with Bullet Exploration Inc. and 1492834 B.C. Ltd., the company's wholly owned subsidiary, pursuant to the amalgamation agreement dated Sept. 3, 2024, as amended on Sept. 10, 2024, and on Nov. 14, 2024.

Under the terms of the agreement, the shareholders of Bullet received one common share of the company for every three common shares of Bullet held by such Bullet shareholder, resulting in issuance of 19,112,940 common shares of the company. Additionally, 6.4 million replacement warrants were issued to Bullet warrantholders exercisable for an equal number of the company's common shares at 45 cents per share and the warrants will expire on Oct. 24, 2026. A total of 22,222 replacement stock options were issued to a Bullet optionholder exercisable for the company's common shares at $1.26 per share and the options will expire on April 18, 2026. Each common share purchase warrant and stock option of Bullet outstanding immediately prior to completion of the amalgamation has been adjusted in accordance with the exchange ratio. The resulting amalgamated entity is a wholly owned subsidiary of the company.

For more information, please refer to the company's news releases dated Sept. 4, 2024, Sept. 11, 2024, and Nov. 26, 2024.