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Linear Minerals Corp. Announces Approval of the Plan of Arrangement by the Supreme Court of British Columbia
Linear Minerals Corp. Announces Approval of the Plan of Arrangement by the Supreme Court of British
About this update from Linear Minerals Corp.
VANCOUVER, BC / ACCESS Newswire / October 30, 2025 / Linear Minerals Corp. ("Linear" or the "Company") (CSE:LINE)(OTCQB:LINMF) (WKN:A2J C89) (the "Company") is pleased to announce that on October 29, 2025, the Supreme Court of British Columbia approved 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 separate news release in advance.The Arrangement was approved by the shareholders of the Company on October 23, 2025.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 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 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 at www.sedarplus.ca under the profile of the Company.On behalf of the board of directors."Gurminder Sangha"CEO, DirectorFor further information, please contact the Company at: [email protected] Looking StatementsWhen used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and othe...
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