Qualifying transaction -- completed/new symbol

The TSX Venture Exchange has accepted for filing the company's qualifying transaction, as described in its filing statement dated July 30, 2026. As a result, at the opening on Tuesday, Sept. 1, 2026, the company will no longer be considered a capital pool company. The arm's-length qualifying transaction includes the following.

Pursuant to a definitive amalgamation agreement dated Feb. 27, 2026, and as amended, the company completed a business combination with 1578367 B.C. Ltd. (Subco), a wholly owned subsidiary of the company, and Mogul Mountain Ventures Corp. (Mogul Privco). As a result of the transaction, the company's business will now be that of the acquired Mogul Privco. The shareholders of Mogul Privco, not including former holders of subscription receipts, have received 46,272,795 postconsolidation shares of the company.

In connection with the transaction, Mogul Privco has completed a non-brokered private placement offering of subscription receipts pursuant to which Mogul Privco has issued 18,051,650 subscription receipts at a price of 35 cents per subscription receipt for gross proceeds of $6,318,078.85. Immediately prior to completion of the transaction, each subscription receipt was automatically converted into one common share in the capital of Mogul Privco and the Mogul Privco shares were exchanged for postconsolidation shares of the company on a one-for-one basis. In addition, in connection with the transaction, the company has completed a non-brokered private placement.

In connection with completion of the subscription receipt offering and the share offering, finders' fees of $159,774.98 were paid to certain arm's-length third parties and 456,499 non-transferable share purchase warrants were issued to finders, with each finder's warrant exercisable to acquire one share at an exercise price of 35 cents until Aug. 28, 2028.

For additional information please refer to the company's filing statement, available under the company's profile on SEDAR+, as well as the company's news releases dated Jan. 5, 2026, March 2, 2026, May 28, 2026, Aug. 5, 2026, and Aug. 28, 2026.