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Carlyle Commodities Announces Letter of Intent with Silver Pony Resources
Vancouver, British Columbia--(Newsfile Corp. - December 31, 2025) - Carlyle Commodities Corp. (CSE: CCC) (FSE: BJ4) ("Carlyle") is pleased to announce that it has entered into a non-binding letter of intent with Silver Pony Resources Corp. ("Silver Pony") to complete a business combination by way of a three-cornered amalgamation (the "Transaction"). In exchange for 100% of the issued and outstanding shares of Silver Pony, the Silver Pony shareholders will receive one common share of Carlyle for.
About this update from The Carlyle Group Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 31, 2025) - Carlyle Commodities Corp. (CSE: CCC) (FSE: BJ4) ("Carlyle") is pleased to announce that it has entered into a non-binding letter of intent with Silver Pony Resources Corp. ("Silver Pony") to complete a business combination by way of a three-cornered amalgamation (the "Transaction"). In exchange for 100% of the issued and outstanding shares of Silver Pony, the Silver Pony shareholders will receive one common share of Carlyle for every Silver Pony share held, resulting in the issuance of approximately 60.5 million Carlyle shares. Prior to completion of the Transaction, Carlyle expects to complete a 20:1 consolidation of its common shares, resulting in approximately 4,996,407 issued and outstanding Carlyle shares. Carlyle also expects to complete a financing of at least $2.5 million prior to completion of the Transaction.","length":928,"tagName":"p"},{"type":"text","content":"Upon completion of the Transaction, the parties expect that the board of directors of the resulting issuer will consist of five members, three of which will be nominated by Silver Pony and two of which will be nominated by Carlyle.","length":231,"tagName":"p"},{"type":"text","content":"The Carlyle shares to be issued pursuant to the Transaction are expected to be subject to contractual escrow, in addition to any restrictions imposed by applicable securities laws or CSE policies.","length":196,"tagName":"p"},{"type":"text","content":"The parties anticipate entering into a definitive amalgamation agreement following the completion of satisfactory due diligence. Further details regarding the Transaction, definitive agreement, planned consolidation and financing will be announced in future news releases of Carlyle.","length":283,"tagName":"p"},{"type":"text","content":"The closing of the Transaction is subject to the receipt of all necessary approvals, including the approval of the CSE.","length":119,"tagName":"p"},{"type":"text","content":"Morgan Good, Carlyle's Chief Executive Officer, commented: "Carlyle and its team are extremely thrilled to be entering into a deal with Silver Pony Resources and its excellent, seasoned, and experienced technical group. They have a very large district scale silver-focused project in North America, along with some promising...