BULLETIN V2026-2798
PROSPECTOR METALS CORP. ("PPP")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement; Notice of Distribution
BULLETIN DATE: September 2, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing documentation pertaining to a share purchase agreement (the "Agreement") dated April 15, 2026, as amended on July 31, 2026, among Prospector Metals Corp. (the "Company"), Lightning Exploration Corp. (formerly, Prospector Subco Ltd.) ("Prospector Subco"), and Lightning Resource Corp. (formerly BeMetals Corp.) (the "Purchaser"), pursuant to which the Company has disposed of 100% of the issued and outstanding common shares of Prospector Subco.
Prior to closing, the Company completed a pre-closing reorganization to transfer the subject assets to Prospector Subco, comprising: (i) the mineral titles and permits for the Savant, TooGood, Whitton, and Devon Projects; (ii) 5,367,000 common shares of TooGood Gold Corp.; (iii) the Proprietary Geological Database; and (iv) $150,000 in cash.
As consideration, the Purchaser issued 29,400,000 common shares (the "Consideration Shares") to the Company. The Consideration Shares will be distributed to the Company's shareholders on a pro-rata basis as a return of capital.
Notice of Distribution - Return of Capital
On August 28, 2026, the Company announced a return of capital to distribute the 29,400,000 Consideration Shares to its shareholders on a pro-rata basis according to the following schedule:
Entitlement per Share: 0.174977 common share of the Purchaser per common share of the Company held
Ex-Distribution Date: September 4, 2026
Record Date: September 4, 2026
Payable Date: September 10, 2026
The transaction is Non-Arm's Length in nature. No finder's fees are payable in connection with this disposition.
For more information, please refer to the Company's news release dated April 16, 2026, May 20, 2026, July 31, 2026, August 28, 2026, and September 2, 2026.
_______________________________________
|
|
