Business
Ocham's Razor Capital Limited Announces Reverse Takeover Transaction With Pelican Canada Inc. and Brokered Financing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, ON / ACCESS Newswire / February 23, 2026 / Ocham's Razor Capital Limited ("ORCL" or the "Company") and Pelican Canada Inc. ("Pelican") are pleased to jointly ...
About this update from Oracle Corporation
[{"type":"text","content":"NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES","length":85,"tagName":"p"},{"type":"text","content":"TORONTO, ON / ACCESS Newswire / February 23, 2026 / Ocham's Razor Capital Limited ("ORCL" or the "Company") and Pelican Canada Inc. ("Pelican") are pleased to jointly announce that they have entered into a definitive business combination agreement dated February 20, 2026 (the "Business Combination Agreement") pursuant to which, among other things, the Company and Pelican will complete a business combination transaction which will result in the reverse takeover of the Company by Pelican (the "Transaction"), subject to the satisfaction of certain conditions, including receipt of all necessary approvals.","length":662,"tagName":"p"},{"type":"text","content":"In connection with the Transaction, Pelican is launching a brokered private placement of subscription receipts (each, a "Subscription Receipt") at a price of C$0.25 per Subscription Receipt for total gross proceeds of up to C$5,000,000, or such greater amount as Pelican and the Lead Agent (as defined below) may jointly determine (the "Offering").","length":368,"tagName":"p"},{"type":"text","content":"Canaccord Genuity Corp. (the "Lead Agent") is acting as sole lead manager and sole bookrunner in connection with the Offering, together with a syndicate of agents including Research Capital Corporation ("Research Capital") and Haywood Securities Inc. ("Haywood" and together with Research Capital and the Lead Agent, the "Agents").","length":371,"tagName":"p"},{"type":"text","content":"Summary of the Transaction","length":26,"tagName":"p"},{"type":"text","content":"The Transaction will be structured as an amalgamation, arrangement, takeover bid, share purchase or other similar form of transaction or a series of transactions that have a similar effect with the Company acquiring all of the common shares in the capital of Pelican ("Pelican Shares"). The final structure of the Transaction will be determined by the parties following receipt of tax, corporate and securities law advice.","length":432,"tagName":"p"},{"type":"text","content":"The resulting issuer that will exist upon completion of the Transaction (the "Resulting...