05:38:57 EST Mon 01 Dec 2025
Enter Symbol
or Name
USA
CA



Linear Minerals Corp
Symbol LINE
Shares Issued 68,335,286
Close 2025-11-28 C$ 0.035
Market Cap C$ 2,391,735
Recent Sedar Documents

Linear, Westlinear complete plan of arrangement

2025-12-01 02:41 ET - News Release

Mr. Gurminder Sangha reports

LINEAR MINERALS CORP. ANNOUNCES COMPLETION OF THE PLAN OF ARRANGEMENT AND MARKETING AGREEMENT

Further to the news releases dated Aug. 1, 2025, and Nov. 6, 2025, the statutory arrangement under a plan of arrangement with Westlinear Minerals Corp. was completed on Nov. 28, 2025.

Completion of the arrangement, as set forth in the arrangement agreement and plan of arrangement dated Aug. 1, 2025, entered into between the company and Westlinear, was approved by the shareholders of the company on Oct. 22, 2025, and by the Supreme Court of British Columbia on Oct. 29, 2025, in accordance with Part 9 of the Business Corporations Act (British Columbia) and accepted by the Canadian Securities Exchange.

Pursuant to the arrangement agreement and on the payable date of Nov. 28, 2025, the following occurred:

  • A total of 6,833,452 common shares of Westlinear (the Spinco shares) were distributed to the Linear shareholders on a pro rata basis. The Linear shareholders received one Spinco share with respect to every 10 common shares of Linear held as at Nov. 25, 2025, being the share distribution record date.
  • Linear transferred the assets to Westlinear, being the Pontax West lithium property in Quebec, which assets are described in the company's management information circular dated Aug. 28, 2025, which was filed on SEDAR+ on Sept. 8, 2025, under the company's SEDAR+ profile.
  • Westlinear became a reporting issuer in the provinces of British Columbia, Alberta and Ontario.
  • Linear retained its working capital for its assets, remains listed on the exchange, continues to trade under the trading symbol of Linear as a junior exploration company, and continues to be a reporting issuer in the provinces of British Columbia, Alberta and Ontario.

In addition, the company is pleased to announce it has signed an agreement for a three-month European advertising and investor awareness campaign with Aktiencheck.de AG and its principal, Stefan Lindam, both arm's-length parties to the company, based in Bad Marienberg, Germany. The awareness campaign is anticipated to commence on Dec. 1, 2025, and will run for up to three months. The initial cost of the campaign is 25,000 euros, and the company may elect to extend the campaign. No shares or options are issuable to Aktiencheck.de or its principal as part of the engagement.

The principal of Aktiencheck.de is Mr. Lindam. Aktiencheck.de and its principal have no present interest, directly or indirectly, in Linear Minerals or its securities, and no right or intent to acquire such an interest.

We seek Safe Harbor.

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