Commerce Resources Corp. (“Commerce” or the “Company”) (TSXV: CCE, FSE: D7H0) is pleased to announce that at the annual general and special meeting (the “Meeting”) of shareholders of the Company (“CCE Shareholders”) held earlier today, the Shareholders of CCE voted overwhelmingly to adopt the special resolution (the “Resolution Resolution”) that approved the previously announced plan of agreement. (the “Scheme”) whereby Mont Royal Resources Limited (“MRZ”) will acquire all the issued and outstanding ordinary shares in the capital of the Company (the “CCE Shares”) and, in return, CCE shareholders will receive 2.3721 ordinary shares in the capital of MRZ (each a “MRZ Share”) for each CCE Share held, on a pre-MRZ consolidation basis.
Assuming all remaining approvals are obtained and all other conditions prior to the completion of the agreement are satisfied or waived, the Company expects the agreement to close on or about late. October 2025 . Completion of the settlement remains subject to, among other things, the satisfaction of all conditions precedent to the completion of the settlement, including final approval by the Supreme Court of the United States. British Columbia and the approval for the MRZ shares to be listed on the TSXV and reinstated on the ASX. The hearing for the Supreme Court’s final order of British Columbia approval of the scheme is expected to take place on October 15, 2025 . Further details regarding the scheme are set out in the Company Circular, which is available under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca .
During the Meeting, the Shareholders of CCE also elected the gentlemen. Jeremy Robinson , Ian Graham And Adam Ritchie as directors of the company for the coming year, and approved the reappointment of DeVisser Gray LLP, Chartered Professional Accountants, as accountants of the company for the financial year ending October 31, 2025 and authorized the directors of the Company to determine their remuneration.
For more information, visit the company website at www.commerceresources.com or email info@commerceresources.com.
On behalf of the Board of Directors
Trade Resources Corp.
Ian Graham
Chair
Tel: 604.484.2700
Email: info@commerceresources.com
Website: http://www.commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Commerce Resources Corp.
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