Plan of Arrangement
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Linear Minerals Corp. Announces AGM Results and Shareholder Approval of Plan of Arrangement
Linear Minerals Corp. shareholders approved a strategic restructuring at their annual meeting, including the spin-out of the Pontax West Lithium Property into a new subsidiary, Westlinear Minerals Corp. (Spinco). Shareholders will receive 1 Spinco share for every 10 Linear shares. Gurminder Sangha and four other directors were re-elected. The arrangement is subject to court and exchange approvals, and the Share Distribution Record Date will be announced later. This move aims to enhance focus and growth potential for both entities.
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THEMAC Shareholders Approve Privatization
THEMAC Resources Group (TSXV: MACQF) shareholders approved Tulla Resources Group’s acquisition of outstanding shares at CAD $0.08 per share. 95.07% of votes favored the arrangement (56.51% after MI 61-101 exclusions). Completion, targeted for October 2025 and pending court order, is conditional on satisfying all closing conditions. Upon completion, THEMAC will be delisted from the TSXV, taking the company private. The Yukon Supreme Court will be petitioned for a Final Order.