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M&A

Axcap to join forces with former principals of Roxgold to advance the large Converse Gold Project in Nevada

Lane
M&A
Announced
08 Sep 2025
Province
Ontario
Industry
Mining & metals
Status
Announced
What the filing says
Axcap Ventures Inc. (CSE: AXCP) (" Axcap ") and Taura Gold Inc. (TSXV: TORA ) (" Taura ") are pleased to announce that the parties have entered into an arrangement agreement dated September 8, 2025 (the " Arrangement Agreement "), whereby Axcap will acquire all of the issued and outstanding common shares of Taura (the " Taura Shares ") by way of a court-approved plan of arrangement under the Business Corporations Act ( British Columbia ).
Consideration
$12.5MM
Credits
Evans & Evans' Inc (financial advisor); Cassels Brock & Blackwell LLP (legal advisor); McMillan LLP (legal advisor)
exercise price
$0.125 (per Axcap Share)“An aggregate of 4,500,000 options will be issued on closing of the Concurrent Offering to certain management with an exercise price of $0.125 per Axcap Share and a term of three years.”
price per security
$0.10 (per Axcap Share)“SHARES FOR DEBT Axcap intends to issue an aggregate of 6,000,000 Axcap Shares at $0.10 per Axcap Share in settlement of $600,000 of debt owed to certain related parties (the " Debt Settlement ").”
price per security
C$0.10 (per common share)“Companion C$12.5 million Private Placement: Axcap has arranged a Private Placement of C$12.5 million at C$0.10 per common share (" Axcap Share ") (no warrant feature), which has been fully placed (the " Concurrent Offering ").”
Source

Compiled from public filings, court documents, exchange bulletins and issuer releases. Figures are as disclosed and are not independently verified.

Not financial, investment, legal or tax advice, and not an offer to buy or sell any security. Verify everything before you transact.

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