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SKRR Exploration Inc. Announces Letter of Intent for Proposed Reverse Takeover Transaction with Kenz Global Resources Ltd.
SKRR Exploration Inc. Announces Letter of Intent for Proposed Reverse Takeover Transaction with K...
About this update from Skrr Exploration, Inc.
[{"type":"text","content":"\n\n\n\n SKRR Exploration Inc. Announces Letter of Intent for Proposed Reverse Takeover Transaction with Kenz Global Resources Ltd.\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE\n \n\n UNITED\n \n\n STATES/\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 1, 2025\n \n\n /CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (\"\n \n SKRR\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has entered into a non-binding letter of intent (\"\n \n LOI\n \n \") dated July\n \n\n 31, 2025 with Kenz Global Resources Ltd. (\"\n \n KENZ\n \n \") in respect of a proposed business combination (the \"\n \n Proposed\n \n\n Transaction\n \n \"), whereby SKRR proposes to acquire all of the issued and outstanding securities of KENZ in exchange for the issuance of securities of the Company, which will result in KENZ becoming a wholly-owned subsidiary of the Company. It is anticipated that the Proposed Transaction will constitute a \"Reverse Takeover\" of the Company in accordance with Policy 5.2\n \n\n –\n \n Changes of Business and Reverse Takeovers\n \n of the TSX Venture Exchange (the \"\n \n Exchange\n \n \") where the existing shareholders of KENZ will own a majority of the outstanding common shares of the Company and the Company is expected be renamed to such name as the Company and KENZ may determine (the \"\n \n Resulting Issuer\n \n \"). Upon completion of the Proposed Transaction, it is anticipated that the Resulting Issuer will be listed as a Tier 2\n \n\n - Mining Issuer on the Exchange. All currency references herein are in Canadian currency unless otherwise specified.\n \n\n\n\n\n\n\n\n\n\n About KENZ\n \n\n\n KENZ is a private company, incorporated under the\n \n Business Corporations Act\n \n (\n \n British Columbia\n \n ) on April\n \n\n 16, 2019 and is based in\n \n Vancouver, British Columbia\n \n . KENZ, through its Saudi Arab...