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PTX Metals' Equity Holding of Green Canada Corporation and MAACKK Capital Corp. Provide Corporate Updates
Toronto, Ontario--(Newsfile Corp. - March 4, 2026) - PTX Metals' (TSXV: PTX) equity holding of Green Canada Corporation ("GCC") and MAACKK Capital Corp. ("MAACKK") are pleased to announce that they have entered into a business combination agreement with respect to a proposed reverse takeover of MAACKK by the securityholders of GCC (the "Proposed RTO").GCC has also entered into a definitive mineral rights purchase and sale agreement (the "Marshall Acquisition Agreement") dated February 25, 2026..
About this update from Basin Energy Limited
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 4, 2026) - PTX Metals' (TSXV: PTX) equity holding of Green Canada Corporation ("GCC") and MAACKK Capital Corp. ("MAACKK") are pleased to announce that they have entered into a business combination agreement with respect to a proposed reverse takeover of MAACKK by the securityholders of GCC (the "Proposed RTO").","length":388,"tagName":"p"},{"type":"text","content":"GCC has also entered into a definitive mineral rights purchase and sale agreement (the "Marshall Acquisition Agreement") dated February 25, 2026 with Basin Energy Limited (ASX: BSN) ("Basin Energy") in connection with the proposed acquisition by GCC of Basin Energy Marshall Corp.'s 100% interest in the mineral claims known as the "Marshall Project" located in the Athabasca Basin of Saskatchewan, Canada, as previously announced in GCC's press release dated November 24, 2025 (the "Acquisition").","length":546,"tagName":"p"},{"type":"text","content":"Concurrently with the execution of the Marshall Acquisition Agreement, GCC has entered into a definitive operator agreement with Basin Energy and CanAlaska Uranium Ltd. (TSXV: CVV) ("CanAlaska"), pursuant to which, upon closing of the Acquisition, CanAlaska will be appointed as the operator to carry out the initial work program for the Marshall Project. In addition, GCC has entered into a definitive exclusivity agreement with Basin Energy and CanAlaska, pursuant to which, upon closing of the Acquisition, CanAlaska and Basin Energy will grant GCC a 9-month exclusivity right to conduct due diligence and, if satisfactory, negotiate the terms of an earn-in option to acquire up to a 51% interest in the North Millennium joint venture project of CanAlaska and Basin Energy.","length":786,"tagName":"p"},{"type":"text","content":"The closing of the Acquisition is subject to, among other things, the closing of the Proposed RTO.","length":98,"tagName":"p"},{"type":"text","content":"GCC Shareholders' Meeting","length":29,"tagName":"p"},{"type":"text","content":"In connection with the Proposed RTO, GCC held a special meeting of shareholders (the "GCC Meeting") on February 26, 2026. At the GCC Meeting, the shareholders of GCC: (a) approved the amalgamation agreement and the proposed amalgamatio...