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PTX Metals' Investee Company Green Canada Received Conditional Approval for TSXV Listing Application and Announced Concurrent Financing
Toronto, Ontario--(Newsfile Corp. - July 15, 2026) - PTX Metals' (TSXV: PTX) (OTCQB: PANXF) (FSE: 9PX) investee company Green Canada Corporation ("GCC"), and MAACKK Capital Corp. ("MAACKK") are pleased to announce that the TSX Venture Exchange (the "TSXV" or the "Exchange") has conditionally approved the listing application of the resulting issuer (the "Resulting Issuer") in connection with the previously announced reverse takeover (the "RTO") of MAACKK by the shareholders of GCC. Upon...
About this update from Ptx Metals Inc
Toronto, Ontario--(Newsfile Corp. - July 15, 2026) - PTX Metals' (TSXV: PTX) (OTCQB: PANXF) (FSE: 9PX) investee company Green Canada Corporation (" GCC "), and MAACKK Capital Corp. (" MAACKK ") are pleased to announce that the TSX Venture Exchange (the " TSXV " or the " Exchange ") has conditionally approved the listing application of the resulting issuer (the " Resulting Issuer ") in connection with the previously announced reverse takeover (the " RTO ") of MAACKK by the shareholders of GCC. Upon completion of the RTO, the Resulting Issuer will be renamed "Green Canada Uranium Corp.". GCC also recently closed private placements raising, in aggregate, gross proceeds of $1,931,232 (see Green Canada press release dated June 8, 2026). Closing of the RTO is subject to, among other things, completion of a concurrent financing by GCC for aggregate gross proceeds of a minimum of $2,850,000 (the " Concurrent Financing "), of which GCC has raised $1,931,232 to date; completion of a three-cornered amalgamation among MAACKK, GCC and a wholly owned subsidiary of MAACKK formed for the sole purpose of completing the Amalgamation, and fulfilment of all remaining conditions and requirements of the TSXV. https://www.newsfilecorp.com/release/305231 The information in this news release concerning GCC, MAACKK and the RTO has been provided by GCC. For more information regarding the RTO, please see GCC's press releases dated Nov 24, 2025, and March 4, 2026. Details on the Concurrent Financing by GCC were disclosed in a press release dated July 15, 2026. Upon closing of the RTO, each Subscribed Share will be exchanged for one Resulting Issuer share, and each whole Warrant will be exchanged for one warrant of the Resulting Issuer with equivalent terms. The Private Placement is expected to close concurrently with the RTO on or around August 7, 2026. Marshall Project Acquisition Immediately following the closing of the RTO, GCC will complete the previously announced acquisition of Basin Energy Marshall Corp.'s 100% interest in the mineral claims known as the "Marshall Project" located in the Athabasca Basin of Saskatchewan, Canada (the " Marshall Project Acquisition ") pursuant to the terms of a definitive mineral rights purchase and sale agreement dated February 25, 2026, as amended and restated on June 22, 2026 between GCC, Basin Energy Limited (ASX: BSN) and Basin Energy Marshall Corp. The net proceeds of the Concurrent Financing will be used to fund a 1,600-metre drill program on the Marshall Project following the closing of the Private Placement and the RTO. For more information relating to GCC's proposed acquisition of the Marshall Project and the associated transactions, please refer to GCC's press release dated March 4, 2026.