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J2 Metals Inc. Announces Shareholder Approval for Spin-Out
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - J2 Metals Inc. (TSXV: JTWO) ("...
About this update from J2 Metals Incorporation
[{"type":"text","content":"J2 Metals Inc. Announces Shareholder Approval for Spin-OutVancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - J2 Metals Inc. (TSXV: JTWO) (\"J2\" or the \"Company\") is pleased to announce that the Company's shareholders (\"Shareholders\") approved the plan of arrangement (the \"Arrangement\") with Twenty Mile Metals Inc. (formerly 1558117 B.C. Ltd.) (\"Spinco\") at the special meeting of Shareholders held on December 3, 2025 (the \"Meeting\"). Under the Arrangement 5,000,000 Spinco shares, being all of the issued and outstanding common shares of Spinco (the \"Spinco Shares\"), will be distributed to the Shareholders, in proportion to their respective holdings of common shares of the Company on the share distribution record date (the \"Share Distribution Record Date\"), which will be determined by the Company's Board of Directors and announced by a release in advance.Following the Arrangement, Spinco will no longer be a wholly owned subsidiary of J2. Shareholders voted a total number of 6,206,162 shares representing 28.23% of the outstanding shares present in person or represented by proxy at the Meeting. The Arrangement was approved by 99.84% of the votes cast by Shareholders. Shareholders also approved the share incentive plan of the Spinco (the \"Spinco Incentive Plan\") at the Meeting. The Spinco Incentive Plan was approved by 99.84% of the votes cast by Shareholders. The Company intends to make an application to the Supreme Court of British Columbia (the \"Court\") for a final order on December 10, 2025.Completion of the Arrangement remains subject to a number of conditions, including the following: the approval of the Court; the acceptance of the Arrangement by the TSX Venture Exchange (the \"TSX-V\");the conditional approval for the listing of the Spinco Shares on the TSX-V; andthe completion by Spinco of a private placement raising aggregate proceeds of at least $500,000. The Arrangement cannot be completed until all the above conditions are met. A copy of the arrangement agreement dated October 24, 2025, between J2 and Spinco is available on SEDAR+ at www.sedarplus.ca under the Company's profile. The Company will provide updates on the timing for completion of the Arrangement, as well as the Share Distribution Record Date in further releases.About J2 Metals Inc.J2 Metals Inc. is a Vancouver-based mineral ...