Business
Blossom Gold Announces Closing of Business Combination and Going Public Transaction
Concurrent financing of ~$115 million to aid in facilitating the next phase of growth for Blossom Gold Inc. as a Canadian-based precious metals exploration comp
About this update from Blossom Gold, Inc.
[{"type":"text","content":"Concurrent financing of ~$115 million to aid in facilitating the next phase of growth for Blossom Gold Inc. as a Canadian-based precious metals exploration company that recently acquired the Rosebud Project Toronto, Ontario--(Newsfile Corp. - January 29, 2026) - Blossom Gold Inc. (formerly, 1290448 B.C. Ltd.) (\"Blossom\") is pleased to announce the closing of its previously announced business combination and reverse take-over transaction (the \"Transaction\") involving, inter alios, 1290448 B.C. Ltd. (\"ShellCo\"), 17485701 Canada Inc. and Investmin Resources Inc. (\"Investmin\"), pursuant to which, among other things, the former securityholders of ShellCo and Investmin were issued securities in the capital of Blossom. Expected to commence on Monday, February 2, 2026, the common shares of Blossom (the \"Common Shares\") will trade on the Toronto Stock Exchange (the \"TSX\") in Canadian dollars under the symbol \"BGAU\". As of the date hereof, Blossom has an aggregate of 131,618,889 Common Shares issued and outstanding. In connection with the completion of the Transaction, the common share subscription receipts of Investmin (the \"Subscription Receipts\") issued by Investmin pursuant to its previously announced private placement financing (the \"Financing\") of 115,000,000 Subscriptions Receipts at a price of CAD$1.00 per Subscription Receipt, were converted to common shares of Investmin (\"Investmin Shares\") and immediately exchanged for Common Shares, following a consolidation by ShellCo of its common shares on the basis that resulted in there being 1,661,889 common shares of ShellCo, which number was equal to 10% of the sum of the issued and outstanding Investmin Shares. A portion of the net proceeds from the Financing were used by Blossom to fund the acquisition by Investmin's wholly owned Nevada subsidiary, Investmin Resources (Nevada) Inc. (\"NevadaCo\"), of a certain group of mining claims situated in Pershing County, Nevada (the \"Rosebud Project\") from Rosebud Exploration LLC (\"Rosebud\") pursuant to a mineral claims purchase and sale agreement dated November 7, 2025 between NevadaCo and Rosebud. Blossom intends on using the remaining net proceeds for exploration and development of the Rosebud Project, as well as for general corporate and working capital purposes. The management of Blossom will be led by Dino Ti...