The Toronto Stock Exchange reports that Mandalay Resources Corp. will be delisted at the close on Aug. 6, 2025. According to the TSX, 1536968 B.C. Ltd., a direct wholly owned subsidiary of Alkane Resources Ltd., has acquired all of the company's issued and outstanding common shares of the company, pursuant to a plan of arrangement, for 7.875 Alkane shares per Mandalay share held.

The TSX notes that no fractional Alkane shares will be issued under the arrangement. Where the total number of Alkane shares to be issued to a shareholder would result in a fraction of an Alkane share being issuable, the number of Alkane shares to be issued will be rounded down to the nearest whole number. To receive the consideration, Mandalay shareholders must return the letter of transmittal, together with share certificates and/or DRS advices representing the shares, to Computershare Investor Services Inc. at its principal offices in Toronto.

For more information, see Mandalay's management information circular dated June 24, 2025, available on SEDAR+. The TSX has issued a separate bulletin regarding the listing of the Alkane shares.