Themac Resources Group Limited (TSXV: MAC,OTC:MACQF) (“THEMAC” or the “Company”) is pleased to announce that on October 9, 2025, it obtained the Final Order of the Supreme Court of Yukon (the “Final Order”) approving the previously announced agreement (the “Agreement”) with Tulla Resources Group Pty Ltd. (the “Purchaser”), pursuant to which the Purchaser shall acquire all issued and outstanding common shares of the Company (the “Common Shares”) not yet owned by it. Under the terms of the arrangement, shareholders are entitled to compensation of CAD $0.08 for each common share held.
The parties continue to work hard to meet the other usual closing conditions. Subject to satisfaction or waiver of closing conditions, the settlement is expected to close later this month. Upon completion of the arrangement, Themac will become a wholly owned subsidiary of the buyer and the Company’s common shares are expected to be delisted from the TSX Venture Exchange (the “TSXV”).
FORWARD-LOOKING STATEMENTS
Certain statements in this press release constitute forward-looking information. Such statements are based on the current expectations of THEMAC’s management. You are cautioned that such statements are subject to numerous risks and uncertainties that could cause actual results, future conditions or events to differ materially from those projected in the forward-looking information. The forward-looking information is based on certain assumptions, which may change materially in the future, including the assumptions that the Company will be able to complete the privatization using the proposed methodology, the Company will be able to obtain necessary regulatory approvals, and that the parties will be able to satisfy or waive the conditions to consummation of the transaction, if waivers are possible. Such statements and information reflect the Company’s current views regarding risks and uncertainties that could cause actual results to differ materially from those contemplated by these forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risk that necessary regulatory approvals will not be obtained, conditions to consummation of the transaction will not be met, or the transaction will be terminated or renegotiated on different terms. When relying on the Company’s forward-looking statements and information in making decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progress, which may not be realized. It is also believed that the material factors mentioned above will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change. There can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY’S EXPECTATIONS AS OF THE DATE OF THIS NEWS RELEASE AND ACCORDINGLY SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT HAVE ANY UNINTENDED INTEREST IN FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY ON THIS INFORMATION AS OF ANY OTHER DATE. ALTHOUGH THE COMPANY MAY CHOOSE, IT DOES NOT COMMIT TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, EXCEPT AS NECESSARY IN ACCORDANCE WITH APPLICABLE SECURITIES LAW.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269935
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