TSXV Delisting

THEMAC Resources Group (TSXV: MAC / OTC: MACQF) secured court approval for a going-private transaction with Tulla Resources Group. Remaining shareholders will receive CAD $0.08 per share. The transaction is expected to close in late October 2025, pending customary conditions. Upon completion, THEMAC will become a wholly-owned subsidiary, and its TSXV shares will be delisted. The deal allows Tulla Resources access to THEMAC’s mineral resources and provides THEMAC with strategic flexibility.

Tulla Resources Group will acquire the remaining shares of THEMAC Resources Group for $0.08 per share, an 11% premium. Tulla, already holding 60.39% of THEMAC, needs shareholder (2/3 majority) and minority shareholder approval at an October 7, 2025 meeting. Key shareholders (18.64%) support the deal, expected to close mid-to-late October 2025. The board, backed by a fairness opinion, unanimously approved the arrangement. Upon completion, THEMAC will be delisted.