Leviathan Gold's Conditional Approval from TSXV
Leviathan Gold Ltd. (“Leviathan” or the “Company”) is excited to announce that it has received conditional approval from the TSX Venture Exchange (TSXV) regarding its proposed acquisition of Cura Exploration Botswana Corp. This is an important milestone, especially following several prior announcements that highlighted the ongoing progress in this agreement.
Amending Agreement Details
The Company has executed an amending agreement, which modifies the original terms of the amalgamation agreement established earlier. This adjustment extends the deadline for the transaction's closing to December 30, 2025, allowing further time for the involved parties to address all necessary steps toward completion.
Closing Timeline
As it stands, the deal is expected to finalize on or about November 18, 2025. The completion is contingent upon fulfilling several standard objectives pertinent to transactions of this magnitude, along with specific closing conditions detailed in the approval letter from the TSXV.
Shareholder Implications
Upon the finalization of the acquisition, shareholders of Cura—excluding those who participated in a recent financing round—will have their shares under escrow according to TSXV Policy 5.4 governing capital structure and resale restrictions. This is a typical measure intended to protect all parties involved in such transactions.
No Change of Control
Importantly, this acquisition will not result in a change of control or management for Leviathan. The transaction will officially align with policies defining it as a Fundamental Acquisition under TSXV guidelines.
Transaction Overview
According to Leviathan's current understanding, this transaction qualifies as an arm’s length deal, indicating that it should not introduce a new “Control Person” within the Company's governance. Furthermore, the Company has confirmed that no finder's fees will be incurred during this process, showcasing an effort to streamline expenses related to the transaction.
About Leviathan Gold Ltd.
Leviathan Gold Ltd. operates as a Canadian mineral exploration entity listed on both the TSX and in Germany. This company has been recognized for its commitment to responsible exploration and resource development, seeking to maximize shareholder value through strategic growth initiatives. Leviathan is determined to enhance its exploration portfolios internationally, highlighting its ambition in the mining industry.
For more comprehensive insights about Leviathan Gold, interested parties can reach out directly:
Luke Norman,
Direct: (778) 238-2333
Toll Free: 1(833) 923-3334
Email: info@leviathangold.com
Frequently Asked Questions
What is the significance of TSXV's conditional approval?
The approval is crucial as it paves the way for Leviathan Gold to proceed with acquiring Cura Exploration and its assets, expanding its operational footprint.
When is the expected closing date for the transaction?
The transaction is anticipated to close around November 18, 2025, contingent upon meeting various conditions.
How will the acquisition affect Cura's shareholders?
Cura shareholders, excluding those involved in a recent sale, will have their shares placed under escrow, ensuring compliance with TSXV rules.
Will there be a change in Leviathan's management after the acquisition?
No, the acquisition is not expected to result in any changes to the management or control of Leviathan Gold.
What are the future prospects for Leviathan post-acquisition?
With this acquisition, Leviathan aims to enhance its exploration capabilities significantly, positioning itself for increased growth and value creation.
