Subject: RE: SERRA ENERGY - PRESS RELEASE - STOCKWATCH DISSEMINATION
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File: Attachment 2026.02.13 - Serra Energy - News Release re Completed ROV Financing .pdf
Serra Energy Announces Closing of Financing with ROV
Vancouver, British Columbia--(February 13, 2026) Serra Energy Metals Corp. (CSE: SEEM) (OTCQB:
ESVNF) ("Serra" or the "Company") is pleased to announce that ROV Investment Partners Corp ("ROV")
has completed its previously announced brokered private placement of 7,253,433 subscription receipts
(the "Subscription Receipts") at a price of $0.35 per Subscription Receipt for gross proceeds of
$2,538,701.55 (the "Private Placement").
As originally announced in the Company's news releases dated May 1, 2025 and September 25, 2025, the
Company is completing an amalgamation with ROV and 1536702 B.C. Ltd., a wholly owned subsidiary of
the Company, pursuant to which the Company will, by way of a three-cornered amalgamation, acquire all
of the issued and outstanding securities of ROV (the "Transaction"). Upon completion, the Transaction will
result in a reverse takeover of the Company by the shareholders of ROV and such entity following closing
of the Transaction is referred to herein as the "Resulting Issuer". The Resulting Issuer's primary business
will be that of UBERDOC, Inc. ("UBERDOC"), a U.S.-based wholly owned subsidiary of ROV, which operates
a digital platform that facilitates direct-pay access to medical professionals. The Transaction is pursuant to
an amalgamation agreement entered into among the Company, ROV and 1536702 B.C. Ltd dated May 1,
2025, as amended September 11, 2025 and November 19, 2025 (the "Amalgamation Agreement").
In connection with the Transaction, ROV completed the Private Placement pursuant to which each
Subscription Receipt will be held in escrow pending the fulfilment of certain conditions (the "Escrow
Release Conditions") and will automatically convert, for no additional consideration and without further
action on part of the holder thereof, on the date the Escrow Release Conditions are satisfied or such other
date agreed to in writing by the Company, ROV and Canaccord Genuity Corp. (the "Agent"), to one unit of
ROV (each, a "Unit"). The ROV securities comprising the Units will be exchanged under the Amalgamation
Agreement following the conversion of the Subscription Receipts such that, following the closing of the
Transaction, each Unit will be comprised of one common share in the capital of the Resulting Issuer (each,
a "Resulting Issuer Share") and one half of one warrant of the Resulting Issuer (each whole warrant, a
"Resulting Issuer Warrant"). Each Resulting Issuer Warrant is exercisable into one Resulting Issuer Share
at an exercise price equal to $0.50 for a period of two years following issuance. The Resulting Issuer Shares
and Resulting Issuer Warrants will not be subject to any resale restrictions following completion of the
Transaction.
The gross proceeds of the Private Placement will be held in escrow pending the satisfaction of the Escrow
Release Conditions and certain other customary conditions. Following the completion of the Transaction,
the funds are expected to be used to advance certain business milestones of the Resulting Issuer and for
working capital purposes.
In addition to completion of the Private Placement, on December 8, 2025, ROV completed a non-brokered
special warrant financing for gross proceeds of $461,540 through the sale of 1,318,686 special warrants
(the "Special Warrants") of ROV, at a price of $0.35 per Special Warrant (the "ROV Financing"). In
aggregate, ROV raised gross proceeds of approximately $3,000,000 from the Private Placement and ROV
Financing.
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In connection with the Private Placement, ROV paid a $139,909 cash commission and issued 399,740
broker warrants, each exercisable to acquire one common share of ROV at $0.35 for a period of 24 months
following the closing date of the Transaction, to the Agent.
Completion of the Transaction is subject to a number of conditions, including but not limited to, the
Canadian Securities Exchange (the "CSE") approval. There can be no assurance that the Transaction
will be completed as proposed or at all.
The CSE has in no way passed upon the merits of the proposed Transaction and has neither approved
nor disapproved the contents of this news release. Trading in the Common Shares will remain halted
pending the review of the proposed Transaction by the CSE.
About Serra Energy Metals Corp.
Serra Energy Metals Corp. is a publicly traded company listed on the CSE that is focused on the acquisition,
exploration, and development of green metal projects, with an emphasis on identifying and investigating
exploration targets that are drill-ready and situated near infrastructure.
For further information, please contact:
Vince Sorace, Chief Executive Officer
Serra Energy Metals Corp.
Phone: +1 (778) 373-3749
Forward-Looking Information
Neither the CSE nor its Market Regulator accepts responsibility for the adequacy or accuracy of this news
release.
This news release contains "forward-looking information" and "forward-looking statements" within the
meaning of applicable securities legislation. All statements, other than statements of historical fact,
included herein may be forward-looking information. Forward-looking statements are often, but not
always, identified by the use of words such as "expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential", "indicates", "opportunity", "possible" and similar expressions, or
statements that events "will", "would", "may", "could" or "should" occur.
Forward-looking information in this release includes, but is not limited to, statements regarding: (a) the
completion and timing of the Transaction; (b) the anticipated benefits of the Transaction and Private
Placement to the Company and its shareholders; (c) the business plans and operations of the Resulting
Issuer following completion of the Transaction; and (e) the ability of the Company or the Resulting Issuer
to raise sufficient capital to fund future operations.
These forward-looking statements are based on the current expectations and beliefs of management of
the Company and ROV and are subject to a number of assumptions, including, without limitation: (a) that
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all necessary corporate and regulatory approvals will be obtained in a timely manner; (b) that the
Transaction will be completed on the terms and timelines currently anticipated; (c) that there will be no
material adverse changes in market conditions or applicable laws; and (d) that the Resulting Issuer will be
able to execute its business strategy as planned.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties, and other
factors that could cause actual events or results to differ materially from those expressed or implied by
the forward-looking statements. These risks include, but are not limited to: (a) the risk that the Transaction
may not be completed as currently proposed or at all; (b) the risk that the Escrow Release Conditions will
not be met; (c) the risk that required approvals may not be obtained or may be delayed; (d) the risk that
the anticipated benefits of the Transaction may not be realized; (e) risks related to changes in economic,
market, or regulatory conditions; and (f) other risks and uncertainties applicable to the Company, ROV,
and the Resulting Issuer.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company
undertakes no obligation to update or revise any forward-looking information, whether as a result of new
information, future events, or otherwise, except as required by applicable law. No representation or
warranty, express or implied, is made as to the accuracy or completeness of the information contained in
this release, and the Company and its respective affiliates or representatives shall not have any liability
whatsoever relating to or resulting from the use of or reliance on any such information.
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