Business
Trojan, Tashota and Strike Copper Announce Letter of Intent for Business Combination of Tashota and Strike Copper by Trojan
Toronto, Ontario--(Newsfile Corp. - March 3, 2026) - Trojan Gold Inc. (CSE: TGII) ("Trojan" or the "Company"), Tashota Resources Inc. ("Tashota") and Strike Copper Corp. ("Strike Copper") announce that they have entered into a non-binding letter of intent dated March 1, 2026 (the "LOI") setting out the principal terms of a proposed business combination (the "Proposed Transaction") pursuant to which Trojan would acquire all of the issued and outstanding common shares and convertible securities of
About this update from Trojan Gold, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 3, 2026) - Trojan Gold Inc. (CSE: TGII) ("Trojan" or the "Company"), Tashota Resources Inc. ("Tashota") and Strike Copper Corp. ("Strike Copper") announce that they have entered into a non-binding letter of intent dated March 1, 2026 (the "LOI") setting out the principal terms of a proposed business combination (the "Proposed Transaction") pursuant to which Trojan would acquire all of the issued and outstanding common shares and convertible securities of Tashota and Strike Copper.","length":587,"tagName":"p"},{"type":"text","content":"Pursuant to the LOI, Trojan will complete a consolidation of its issued and outstanding common shares on the basis of twelve (12) pre-consolidation shares for one (1) post-consolidation share (the "Consolidation"). Following completion of the Consolidation, each issued and outstanding common share of Tashota will be exchanged for 0.5 post-Consolidation common shares of Trojan, and each issued and outstanding common share of Strike Copper will be exchanged for 0.5 post-Consolidation common shares of Trojan.","length":521,"tagName":"p"},{"type":"text","content":"The Proposed Transaction is expected to be completed by way of a three-cornered amalgamation involving a newly incorporated wholly-owned subsidiary of Trojan, pursuant to which Tashota and Strike Copper would each become wholly-owned subsidiaries of Trojan. Based on the current capital structures of the parties and assuming completion of the concurrent financing described below, Trojan expects to issue approximately 57,502,051 common shares to Tashota shareholders, representing approximately 68.92% of the resulting issuer (71.9% on a fully diluted basis), and approximately 11,874,884 common shares to Strike Copper shareholders, representing approximately 14.23% of the resulting issuer (13.7% on a fully diluted basis).","length":727,"tagName":"p"},{"type":"text","content":"Trojan anticipates completing a concurrent financing of approximately 10,000,000 post-Consolidation common shares, the terms of which will be determined and announced in a subsequent news release.","length":196,"tagName":"p"},{"type":"text","content":"Strategic Rationale","length":19,"tagName":"p"},{"type":"text","content":"The Proposed Transaction is intended to c...