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Feralx Systems to trade on TSX-V Oct. 19

2026-10-15 18:21 ET - New Listing

Effective at the opening, Monday, Oct. 19, 2026, the common shares of the company will commence trading on the TSX Venture Exchange. The company is classified as an all other miscellaneous fabricated metal product manufacturing company.

The company's filing statement dated Aug. 31, 2026, has been filed with and accepted by the TSX Venture Exchange.

On Sept. 29, 2026, the company completed its previously announced three-cornered amalgamation among Feralx, Subco and Financeco, whereby Financeco and Subco amalgamated, and each Financeco shareholder received one Feralx share for every Finaneco share held immediately prior to the effective time of the amalgamation. On Oct. 14, 2026, the company closed its 60-cent offering. Following the closing, the company issued 9,031,170 units and raised aggregate gross proceeds of $5,418,702.

Postamalgamation, the resulting issuer's name was changed to Feralx Systems Inc.

Twenty-eight million one hundred forty-two thousand eight hundred eighteen common shares issued to principals and non-principals pursuant to the amalgamation are subject to a Tier 2 escrow agreement to be released over a 36-month period.

The transaction also involved the following concurrent private placement transaction.

Private placement -- non-brokered

Financing type:  non-brokered private placement of subscription receipts

Gross proceeds:  $5,418,702

Offering:  9,031,170 listed shares

Offering price:  60 cents per listed share

Commissions in securities:  348,138 finders' warrants/advisors' warrants

Disclosure:  Refer to the company's news release dated Oct. 1, 2026.

For further information, please refer to the company's filing statement dated Aug. 31, 2026.

Corporate jurisdiction:  British Columbia

Capitalization:  unlimited common shares with no par value, of which 49,956,881 common shares are issued and outstanding

Escrowed shares:  28,142,818 common shares

Transfer agent:  Odyssey Trust Company

Trading symbol:  FRLX (new)

Cusip No.:  314673 10 4 (new)

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