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Baselode Announces Approval of Plan of Arrangement by Forum Shareholders, Updates on Merger
Toronto, Ontario--(Newsfile Corp. - August 19, 2025) - Baselode Energy Corp. (TSXV: FIND) (OTCQB:...
About this update from Geiger Energy Corporation
[{"type":"text","content":"Baselode Announces Approval of Plan of Arrangement by Forum Shareholders, Updates on MergerToronto, Ontario--(Newsfile Corp. - August 19, 2025) - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (\"Baselode\" or the \"Company\") is pleased to announce that Forum Energy Metals (TSXV: FMC) (\"Forum\") shareholders (\"Forum Shareholders\") have overwhelmingly voted in favour of approving the previously announced plan of arrangement (the \"Arrangement\") with Baselode pursuant to which Baselode will acquire all of the issued and outstanding shares of Forum at a share exchange ratio of 0.3535 Baselode common shares for each Forum share held.Results from Forum's Special Meeting of Shareholders (\"Forum Special Meeting\")97.57% of shareholders voted in favour of the Arrangement on August 19, 2025. The Arrangement required the approval of (i) at least two-thirds (66⅔%) of the votes cast by Forum shareholders present or represented by proxy and entitled to vote at the Forum Special Meeting; and (ii) a majority of the votes cast by Forum shareholders present in person or represented by proxy and entitled to vote at the Forum Special Meeting excluding shares held by \"interested parties\" as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). Next StepsForum will seek a final order (the \"Final Order\") of the Superior Court of British Columbia (the \"Court\") to approve the Arrangement on August 22, 2025. It is expected that the Arrangement will be completed shortly after the receipt of the Final Order.Baselode's Annual General and Special MeetingBaselode's Annual General and Special Meeting will be held on September 16, 2025 whereby Baselode will seek shareholder approval to change its name to Geiger Energy Corporation. Additionally, Baselode will also seek shareholder approval for a potential consolidation of the issued and outstanding common shares (\"Common Share\") in the capital of the Company on the basis of one (1) post-consolidation Common Share for up to every five (5) outstanding pre-consolidation Common Shares.Geiger Energy Metals: Canada's Next Great Uranium StoryGeiger Energy Metals (\"Geiger\") will be a well capitalized leader in Canadian uranium exploration focused on developing its 100%-owned Aberdeen and Hook projects, loca...