Mr. Mervyn Pinto
reports
MINAEAN TERMINATES TRANSACTION WITH INMOTION ENERGY CORP. AND ANNOUNCES INTENTION TO CONSOLIDATE SHARES
Minaean SP Construction Corp. has terminated the previously announced (see July 21, 2025, news release) transaction with InMotion Energy Corp.
Minaean anticipates that the $25,000 advanced to InMotion to date will be converted to an equity stake in InMotion and continues to be excited about the potential future developments of InMotion.
Consistent with its news release dated June 24, 2025, the company remains committed to evaluating and pursuing opportunities in the solar-powered space and renewable energy sector. The company believes this space continues to present significant long-term potential, aligned with global efforts toward sustainability, low-carbon technologies and clean energy adoption.
In addition, the company announces that it intends to proceed with an up-to-one-for-five share consolidation of the company's shares. The company believes the consolidation will help position Minaean to appeal to a broader base of investors and enhance its capital markets profile. The effective date for the consolidation will be set by the board of directors and will be announced in due course. The consolidation would be subject to the approval of the TSX Venture Exchange.
Mervyn Pinto, chief executive officer, president and a director, commented: "Although we've chosen not to proceed with the InMotion transaction, we are enthusiastic about the future of the solar power construction industry and the role our company can play in advancing clean energy solutions. We look forward to keeping our shareholders informed as opportunities develop."
About Minaean SP Construction Corp.
Minaean SP Construction is a company well known for its pioneering efforts in the manufacture of light gauge steel components for the construction industry and modular metal buildings. The business strategy of the company is being expanded to the pursuit of other industrial opportunities, including the development and execution of solar power projects.
The shares of Minaean SP Construction are publicly traded on the TSX Venture Exchange under the symbol MSP and on the Berlin and Frankfurt stock exchanges under the symbol NJA.
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