[ad_1]
Mont Royal Sources Restricted (ASX: MRZ) (“Mont Royal”) and Commerce Sources Corp. (“Commerce”) (TSXV: CCE,OTC:CMRZF, FSE: D7H0, OTC: CMRZF) are happy to announce the profitable completion of the merger transaction pursuant to the definitive association settlement (the “Settlement”) dated April 8, 2025, as amended on July 29, 2025, to mix their respective companies, pursuant to which Mont Royal acquired 100% of the issued and excellent frequent shares of Commerce (the “Commerce Shares”) by means of a courtroom accepted plan of association underneath the Enterprise Company Act (British Columbia) (the “BCBCA”) (the “Transaction”).
The Transaction creates a Québec-focused crucial minerals exploration and growth firm in Mont Royal by means of the mix of Commerce’s Ashram Uncommon Earths and Fluorspar Mission (the “Ashram Mission“) and Eldor Niobium exploration venture (the “Eldor Niobium Mission“) and Mont Royal’s Northern Lights Lithium Mission (the “Northern Lights Mission“).
Mont Royal might be twin listed on the TSX Enterprise Trade (the “TSXV“) and the Australian Securities Trade (the “ASX“). The unusual shares of Mont Royal (“Mont Royal Shares“) are anticipated to be reinstated for buying and selling on the ASX underneath the image “MRZ” and listed on the TSXV underneath the image “MRZL”. It’s anticipated that the Commerce Shares might be delisted from the TSXV and can stop to be quoted on the OTC and FSE. The reinstatement of the Mont Royal Shares on the ASX, the itemizing of the Mont Royal Shares on the TSXV, and the delisting of the Commerce Shares from the TSXV will happen by the top of October 2025.
Pursuant to the phrases of the Settlement, holders of Commerce Shares (“Commerce Shareholders“) acquired 2.3271 Mont Royal Shares in alternate for every Commerce Share (the “Trade Ratio“) held instantly previous to the efficient time of the Transaction (the “Efficient Time“). Instantly after the Efficient Time, all Mont Royal Shares have been consolidated on the premise of 0.2195 post-consolidation Mont Royal Shares for every one (1) pre-consolidation Mont Royal Share (the “Consolidation“). Holders of excellent Commerce inventory choices and warrants have been issued unquoted choices in Mont Royal, adjusted to the Trade Ratio and the Consolidation, and holders of excellent Commerce efficiency share models have been issued efficiency rights in Mont Royal, adjusted to the Trade Ratio and the Consolidation.
Moreover, the principal quantity excellent underneath the convertible notes (the “Convertible Notes“) issued pursuant to the convertible be aware financing accomplished by Commerce on Could 12, 2025 (the “Convertible Observe Financing“) routinely transformed into Mont Royal Shares upon completion of the Transaction at a conversion value set out therein and on a publish Consolidation foundation. The conversion of the curiosity accrued underneath the Convertible Notes into Mont Royal Shares might be topic to the prior approval of the TSXV.
In reference to the Transaction, Mont Royal raised A$10.0 million by means of the difficulty of Mont Royal Shares (the “Mont Royal Fairness Elevate“) pursuant to a public fairness providing in Australia on a publish Consolidation foundation. The web proceeds of the Mont Royal Fairness Elevate are anticipated for use for, amongst different issues, advancing the Preliminary Financial Evaluation (“PEA“) on the Ashram Mission, whereas additionally advancing the Eldor Niobium Mission and the exploration pipeline on the Northern Lights Mission.
Board of Administrators and Administration
The brand new board of instructions of Mont Royal is comprised of: a non-executive Chairman in Mr. Cameron Henry, a non-executive Director in Mr. Jeremy Robinson, a non-executive Director in Mr. Adam Ritchie, a non-executive Director in Mr. Ronnie Beevor and a managing director in Mr. Nick Holthouse. Mr. Joel Ives is the Chief Monetary Officer and Company Secretary of Mont Royal.
Early Warning Reporting
By advantage of Mont Royal’s acquisition of all the shares of Commerce by means of statutory plan of association, Mont Royal is required to file an early warning report pursuant to Nationwide Instrument 62-103 – The Early Warning System and Associated Take-Over Bid and Insider Reporting Points. A duplicate of the early warning report might be filed underneath Commerce’s SEDAR+ profile at www.sedarplus.ca. A duplicate of the early warning report may additionally be obtained from Nicholas Holthouse, Managing Director, at +61 428 964 276.
About Mont Royal Sources Restricted.
Mont Royal Sources Restricted is an Australian targeted on the event of the Ashram Uncommon Earth and Fluorspar Deposit positioned inside their Eldor Property, in northern Quebec, Canada. The Ashram Deposit is characterised by easy uncommon earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a big tonnage useful resource at beneficial grade, and has demonstrated the manufacturing of high-grade (greater than 30 – 45% TREO) mineral concentrates at excessive restoration (greater than 60 – 75%) consistent with energetic world producers. Mont Royal additionally owns 75% of Northern Lights Minerals tenement package deal positioned within the Higher Eastmain Greenstone belt. The initiatives are positioned within the rising James Bay space, a Tier-1 mining jurisdiction of Quebec, Canada, and are potential for lithium, treasured (Gold, Silver) and base metals mineralisation (Copper, Nickel).
For extra data, please go to the company web site at www.montroyalres.com.
Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.
SOURCE Commerce Sources Corp.; Mont Royal Sources
View authentic content material to obtain multimedia: http://www.newswire.ca/en/releases/archive/October2025/22/c6072.html
[ad_2]
