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Linear Minerals Announces Results of Annual General and Special Meeting and Approval of the Plan of Arrangement by Shareholders
VANCOUVER, BC / ACCESS Newswire / October 23, 2025 / Linear Minerals Corp. ("Linear" or the "Company") (CSE:LINE) (OTCQB:LINMF) (WKN:A2J C89) (the "Company") an
About this update from Linear Minerals Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / October 23, 2025 / Linear Minerals Corp. (\"Linear\" or the \"Company\") (CSE:LINE) (OTCQB:LINMF) (WKN:A2J C89) (the \"Company\") announces that its shareholders approved all matters presented to them at the annual general and special meeting on October 22, 2025. The number of directors was fixed at five. Gurminder Sangha, Jurgen Wolf, Craig Alford, Jason Grewal and Jodie Gibson were re-elected to the board of directors. DeVisser Gray LLP, Chartered Professional Accountants were appointed auditors of the Company. The shareholders re-approved the Stock Option Plan and the Restricted Share Unit Plan. The shareholders also approved by special resolution the Plan of Arrangement Agreement dated for reference August 1, 2025 (the \"Arrangement\") to spin out Company's Pontax West Lithium Property located in the Province of Quebec to the Company's subsidiary Westlinear Minerals Corp. (\"Spinco\"). Under the terms of the Arrangement, the Company's shareholders will be issued one share of Spinco with respect to every 10 shares of the Company owned 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 news release in advance. Holders of the Company options and warrants, who exercise their options and/or warrants before the Share Distribution Record Date, will also be entitled to receive one share of Spinco with respect to every 10 shares of the Company. The Pontax West Lithium Property will be transferred to Spinco. Upon completion of the Arrangement, the Company shareholders will ultimately own shares in two public companies: the Company, which will be focused on its other mineral properties and Spinco, which will focus on the Pontax West Lithium Property. Completion of the Arrangement is subject to the following conditions: the approval of the Supreme Court of British Columbia; and the acceptance of the Arrangement by the Canadian Securities Exchange. Additional details regarding the Arrangement are described in the information circular of the Company, dated August 28, 2025, which is available on www.sedarplus.ca under the profile of the Company. Forward Looking Statements When used in this news release, the words \"estimate\", \"project\", \"belief\", \"anticipate\", \"intend\", \"expect\", \"plan\...