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Kesselrun Resources Announces Shareholder and Court Approval for Plan of Arrangement with Gold X2 Mining
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Gold X2 Mining Inc. (TSXV:&#...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"Kesselrun Resources Announces Shareholder and Court Approval for Plan of Arrangement with Gold X2 MiningVancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) (FSE: DF8) (\"Gold X2\") and Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF) (\"Kesselrun\") are pleased to announce that at the special meeting of shareholders of Kesselrun held on November 21, 2025 (the \"Meeting\"), Kesselrun shareholders (\"Shareholders\") voted overwhelmingly in favour of the previously announced plan of arrangement (the \"Arrangement\") between Gold X2 and Kesselrun. Additionally, today, Kesselrun received a final order of the Supreme Court of British Columbia approving the Arrangement. Under the Arrangement, Gold X2 will acquire all of the issued and outstanding Kesselrun shares. In consideration therefore, each one Kesselrun share will be exchanged for approximately 0.2152 of one common share (each whole common share, a \"Gold X2 Share\") in the capital of Gold X2, and approximately $0.0213 in cash. Each outstanding stock option of Kesselrun will entitle the holder, upon exercise or settlement, to receive the number of Gold X2 Shares that such holder would have been entitled to receive pursuant to the Arrangement, had the security been exercised or settled immediately prior to the effective date of the Arrangement.Shareholders holding a total of 55,219,208 Kesselrun shares were represented in person or by proxy at the Meeting, representing 58.70% of the 94,071,837 issued and outstanding shares entitled to vote as of October 15, 2025, the record date for the Meeting. The Arrangement required the approval of at least two-thirds (66⅔%) of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting. Of the votes cast at the Meeting, 99.89% of the votes cast by Shareholders were in favour of the Arrangement. Completion of the Arrangement is subject to the satisfaction of customary closing conditions for a transaction of this nature, including receipt of approval of the TSX Venture Exchange (the \"TSXV\"). Subject to the satisfaction (or waiver) of the closing conditions, it is expected that the Arrangement will be completed shortly. In connection with completion of the Arrangement, it is expected that Kesselrun shares will b...