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Greencastle Announces Acquisition of Common Shares of Future Fuels Inc.
Toronto, Ontario--(Newsfile Corp. - April 13, 2026) - Greencastle Resources Ltd. (TSXV: VGN) ("Greencastle" or the "Company") announces that the Company has entered into a share purchase agreement dated April 13, 2026, with an arm's length third party (the "Vendor") pursuant to which the Company will acquire (the "Acquisition") an aggregate of 500,000 common shares (the "Purchased Shares") in the capital of Future Fuels Inc. (TSXV: FTUR) ("Future Fuels"). Prior to the acquisition of the...
About this update from Future Fuels Inc
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - April 13, 2026) - Greencastle Resources Ltd. (TSXV: VGN) ("Greencastle" or the "Company") announces that the Company has entered into a share purchase agreement dated April 13, 2026, with an arm's length third party (the "Vendor") pursuant to which the Company will acquire (the "Acquisition") an aggregate of 500,000 common shares (the "Purchased Shares") in the capital of Future Fuels Inc. (TSXV: FTUR) ("Future Fuels"). Prior to the acquisition of the Purchased Shares, the Company held 480,000 common shares of Future Fuels.","length":629,"tagName":"p"},{"type":"text","content":"As consideration for the Purchased Shares, the Company will issue 4,600,000 common shares (the "Consideration Shares") from treasury at a deemed price of $0.05 per share for an aggregate deemed value of $230,000. No cash consideration is payable.","length":256,"tagName":"p"},{"type":"text","content":"The Acquisition is being completed for investment purposes and is consistent with the Company's strategy to pursue selective positions in prospective resource companies and projects. Future Fuels is engaged in the resource sector, and the Company believes that the Acquisition provides attractive exposure to potential commodity-cycle upside and complements the Company's broader portfolio focus.","length":404,"tagName":"p"},{"type":"text","content":"Closing of the Acquisition remains subject to customary conditions, including receipt of all necessary corporate approvals and acceptance of the TSX Venture Exchange (the "TSXV") for the issuance of the Consideration Shares.","length":234,"tagName":"p"},{"type":"text","content":"The Consideration Shares will be issued under applicable Canadian securities laws and will be subject to a statutory hold period of four months and one day from the date of issuance. The Consideration Shares are expected to be listed for trading on the TSXV upon expiry of the hold period, subject to TSXV acceptance and compliance with applicable listing requirements.","length":369,"tagName":"p"},{"type":"text","content":"The Vendor is arm's length to the Company within the meaning of applicable securities laws. No finder's fees or commissions are payable in connection with the Acquisition. The Acquisition do...