BULLETIN V2025-4128
ONE BULLION LIMITED ("OBUL")
[formerly Imperial Ginseng Products Ltd. ("IGP")]
BULLETIN TYPE: Reverse Takeover-Completed, Private Placement-Brokered, Name Change and Consolidation, Symbol Change, Resume Trading
BULLETIN DATE: December 18, 2025
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing Imperial Ginseng Product Ltd.'s (now 'One Bullion Limited', the "Company") reverse takeover (the "RTO") as principally described in the Company's filing statement dated October 10, 2025 (the "Filing Statement").
The RTO includes the following matters, all of which have been accepted by the Exchange.
Reverse Takeover-Completed:
Pursuant to a merger agreement (the "Merger Agreement") dated September 11, 2024, as amended, among the Company and 1001446331 Ontario Inc. (formerly, One Bullion Limited) ("OBL"), a company incorporated under the laws of the Province of Ontario, the Company has acquired all of the issued and outstanding OBL shares by way of a three-cornered amalgamation. In connection with the Merger Agreement, one (1) post-consolidation Company share was issued in exchange for every one (1) OBL share held.
Pursuant to the RTO, OBL completed a financing of 13,324,455 subscriptions receipts (each, a "Subscription Receipt") at a price of $0.36 per Subscription Receipt, for gross proceeds of $4,796,803. Each Subscription Receipts converts into one (post-consolidation) share and one (post-consolidation) warrant of the Company on closing of the RTO. Each warrant is exercisable at a price of $0.48 for a period of twenty-four months, subject to an acceleration right.
For additional information please refer to the Company's Filing Statement dated October 10, 2025, as well as the Company's news releases dated April 8, 2025, May 8, 2025, August 14, 2025, October 8, 2025, December 11, 2025 and December 17, 2025, each of which are available on SEDAR+.
Private Placement-Brokered
The Exchange has accepted for filing documentation with respect to a Brokered Private Placement. The private placement raised $529,399 through the issuance of 1,470,553 Subscription Receipts at a price of $0.36 per Subscription Receipt. In connection with the RTO, each Subscription Receipt has automatically converted into one (post-consolidation) common share and one (post-consolidation) common share purchase warrant of the Company
Financing Type: Brokered Private Placement
Gross Proceeds: $529,399.08
Offering: 1,470,553 common shares with 1,470,553 warrants (post-consolidation)
Offering Price: $0.36 per post-consolidation common share
Warrant Exercise Terms: $0.48 per post-consolidation warrant to purchase one post consolidation common share for a two-year period, subject to an acceleration right.
Commissions in Securities:
Shares Warrants
Agents (Aggregate) N/A 55,556
Commission Terms: Each non-transferable warrant is exercisable at $0.36 for a 2-year period, subject to an acceleration right.
Disclosure: Refer to the company's news releases dated April 8, 2025, May 8, 2025, August 14, 2025, October 9, 2025 and December 11, 2025.
Name Change and Consolidation, Symbol Change:
Pursuant to a director's resolution dated on November 13, 2025, the Company has consolidated its capital on a 1.25 (old) for 1 (new) basis. The name of the Company has also been changed as detailed below.
Effective at the opening Monday December 22, 2025, the common shares of One Bullion Limited will commence trading on TSX Venture Exchange on a consolidated basis, and the common shares of Imperial Ginseng Products Ltd. will be delisted. The Company is classified as a 'Mining' company.
Post - Consolidation
Capitalization: Unlimited common shares with no par value of which
182,276,580 common shares are issued and outstanding
Escrow: 24,026,719 common shares are subject to Tier 2 Escrow
Transfer Agent: Computershare Trust Company of Canada
Trading Symbol: OBUL (new)
CUSIP Number: 68237J100 (new)
Company Contact: Adam Berk
Company Address: 401-130 Spadina Avenue
Toronto, Ontario, M5V 2L4
Company Phone Number: +1 (917) 690-7556
Company Email Address: adam@onebullion.com
Resume Trading:
Effective at the market open on Monday December 22, 2025, the shares of the Company will resume trading.
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