00:51:03 EDT Fri 24 Jul 2026
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Irruptive Metals to trade on TSX-V on July 27

2026-07-23 20:59 ET - New Listing

New listing -- shares

Effective at the opening, Monday, July 27, 2026, the common shares of the company will commence trading on the TSX Venture Exchange. The company is classified as a copper zinc ore mining company.

The company's filing statement dated July 20, 2026, has been filed with and accepted by the TSX Venture Exchange.

On July 22, 2026, 1287398 B.C. Ltd. (ShellCo), an unlisted reporting issuer, 1001591052 Ontario Inc., a wholly owned subsidiary of ShellCo (Subco), and Irruptive Metals Inc., a private mining issuer, completed an arm's-length amalgamation. Consideration for the amalgamation consisted of the issuance of 112,979,005 resulting issuer shares (which includes the private placement shares referenced below) to former securityholders of Irruptive and Subco at a deemed price of 70 cents per share. In connection with the amalgamation, ShellCo completed a share consolidation on a one-new-for-3.616668-old basis.

In connection with the amalgamation, the resulting issuer's name was changed to Irruptive Metals Corp.

Thirty-six million one hundred seventy-five thousand common shares, 1.5 million options and 60,714 deferred share units issued to principals pursuant to the amalgamation are subject to a Tier 2 escrow agreement to be released over a 36-month period. In accordance with the exchange's seed share resale restrictions, 59,194,053 common shares and one million options issued to non-principals are subject to and are legended to be released over a one-year period.

The qualifying property is located in Chile.

The amalgamation also involved the following concurrent private placement transaction.

Private placement -- non-brokered

Financing type:  non-brokered private placement of subscription receipt shares

Gross proceeds:  $934,301

Offering:  1,334,716 listed shares

Offering price:  70 cents per listed share

Commissions in securities:  not applicable

Disclosure:  Refer to the company's news release dated July 22, 2026.

For further information, please refer to the company's filing statement dated July 20, 2026, and the company's July 22, 2026, news release.

Corporate jurisdiction:  British Columbia

Capitalization:  unlimited common shares with no par value, of which 114,592,362 common shares are issued and outstanding

Escrowed shares:  36,175,000 common shares

Transfer agent:  TSX Trust Company

Trading symbol:  IRR (new)

Cusip No.:  46358T 10 7 (new)

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