Subject: RGM News release
PDF Document
File: Attachment Remington- News Release 2026-08-28.pdf
REMINGTON RESOURCES INC.
400-837 West Hastings Street,
Vancouver, BC V6C 3N6
info@remingtonresources.ca
Phone: (778) 773-8373
REMINGTON RESOURCES INC. ANNOUNCES RESUMPTION OF TRADING
AND PROVIDES LOAN DISCLOSURE
Vancouver, BC RGM (NEX) August 28, 2026 Remington Resources Inc. (the
"Company") is pleased to announce that trading in its common shares on the TSX Venture
Exchange (the "Exchange") will resume trading shortly (the "Resumption Date"). Trading
in the Company's common shares had previously been halted in connection with the
proposed transaction with DRNK Beverage Corp.
Resumption of Trading
The Company will continue to work with the Exchange and provide further updates as
required. The Company announces that it is in non-compliance with the NEX Policy,
section 2.2(c), having less than 150 public shareholders. The Company anticipates that,
following resumption of trading, increased trading activity will naturally broaden its
shareholder base.
Loans from Alternate Investment Capital Inc.
In connection with a previously contemplated business combination transaction with
DRNK Beverage Corp. ("DRNK"), an affiliate of Alternate Investment Capital Inc.
("Alternate Investment"), DRNK made loans to the Company in the aggregate amount of
$114,744.23 (the "DRNK Loans"), as follows:
- $15,000, advanced April 24, 2023, non-interest bearing, due April 24, 2024;
- $89,744.23, advanced June 20, 2024 for legal fees, non-interest bearing, due June
20, 2025; and
- $10,000, advanced March 13, 2025, bearing interest at 15% per annum, due March
13, 2026.
The DRNK Loans are unsecured and did not involve the issuance of any securities of the
Company. The DRNK Loans are considered to be at arm's length. The Company is in
discussions with Alternate Investment regarding repayment of the DRNK Loans, including
a potential reduction in the amount owing and a revised repayment schedule, and
anticipates providing a further update to the market within approximately four months.
Loans from Third Parties
The Company has also received loans from third parties in the aggregate amount of
$116,000 (the "Third-Party Loans"), as follows:
- $75,000, advanced March 11, 2026 from an arm's length party, bearing interest at
15% per annum, due March 11, 2027;
- $21,000, advanced August 2, 2024 from an arm's length party, bearing interest at
15% per annum, due August 2, 2025 (matured and currently due on demand); and
- $5,000, advanced March 7, 2024 from an arm's length party, non-interest bearing,
provided as a short-term advance with no formal written loan agreement.
- $15,000, advanced March 22, 2024 from an arm's length party, bearing interest at
15% per annum, due March 22, 2025 (matured and currently due on demand);
The Third-Party Loans are unsecured and did not involve the issuance of any securities of
the Company. The Company is in discussions with the lenders under the matured Third-
Party Loans regarding repayment, including a potential reduction in the amounts owing
and an extended repayment timeline, and anticipates providing a further update to the
market within approximately four months.
On behalf of the Board of Directors,
Anthony Lau
Chief Executive Officer, Interim Chief Financial Officer and Director of Remington
Resources Inc.
info@remingtonresources.ca
(778) 773-8373
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
© 2026 Canjex Publishing Ltd. All rights reserved.