Business
MTB Metals Announces Filing of Special Meeting Materials in Connection with Proposed Arrangement with ExGen Resources Inc. and Filing of Technical Report for Telegraph Property
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) - MTB Metals Corp. (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9U) ("MTB" or the "Company") is pleased to announce that further to its news release dated October 17, 2025, it has filed with the applicable Canadian securities regulatory authorities a management information circular dated November 5, 2025 (the "Circular") and related meeting materials (together with the Circular, the "Meeting Materials") of MTB for use at the special meeting.
About this update from Exgen Resources Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) - MTB Metals Corp. (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9U) ("MTB" or the "Company") is pleased to announce that further to its news release dated October 17, 2025, it has filed with the applicable Canadian securities regulatory authorities a management information circular dated November 5, 2025 (the "Circular") and related meeting materials (together with the Circular, the "Meeting Materials") of MTB for use at the special meeting (the "Meeting") of MTB shareholders (the "Shareholders") and MTB optionholders (together with the Shareholders, the "Securityholders") to be held in connection with the proposed plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) involving MTB and ExGen Resources Inc. ("ExGen").","length":933,"tagName":"p"},{"type":"text","content":"At the Meeting, Securityholders will be asked to consider a special resolution (the "Arrangement Resolution") approving the Arrangement pursuant to which ExGen will acquire all of the issued and outstanding common shares of MTB (the "Shares"). Pursuant to the Arrangement, each Shareholder will receive 0.286 of a common share of ExGen in exchange for each Share held (the "Exchange Ratio"), with the result that the current Securityholders of MTB will become securityholders of ExGen and will hold approximately 36.88% of the combined company.","length":574,"tagName":"p"},{"type":"text","content":"The board of directors of MTB (the "Board") recommends that Securityholders vote FOR the Arrangement Resolution.","length":122,"tagName":"p"},{"type":"text","content":"Additional details with respect to the Arrangement, the reasons for the recommendation of the Board as well as the potential benefits and risks of the Arrangement are described in the Circular, which Securityholders are encouraged to read in its entirety.","length":255,"tagName":"p"},{"type":"text","content":"Details of the Meeting","length":22,"tagName":"p"},{"type":"text","content":"The Meeting is scheduled to be held at 1111 West Hastings Street, 15th Floor, Vancouver, BC V6E 2J3, at 10:00 a.m. (Vancouver time) on December 11, 2025, subject to adjournment or postp...