TSX VENTURE COMPANIES
BULLETIN V2026-3092
ELTON RESOURCES CORP. ("DBAY")
[formerly Chicane Capital I Corp. ("CCIC.P")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Private Placement-Brokered, Name Change and Consolidation, Resume Trading
BULLETIN DATE: October 2, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing Chicane Capital I Corp.'s (the "Company") Qualifying Transaction ("QT") described in its Filing Statement dated September 23, 2026. As a result, at the opening on Tuesday, October 6, 2026, the Company will no longer be considered a Capital Pool Company. The QT includes the following:
The QT was completed by way of a three-cornered amalgamation under the Business Corporations Act (British Columbia) among the Company, Elton Resources Corp. ("Elton") and 1589751 B.C. Ltd., a wholly owned subsidiary of the Company incorporated for the purposes of completing the amalgamation (the
"Amalgamation"). Pursuant to the Amalgamation, the Company acquired all of the issued and
outstanding securities of Elton, resulting in Elton becoming a wholly-owned subsidiary of the Company. As consideration for the acquisition of Elton, the Company issued an aggregate of 109,343,426 common shares ("Common Shares").
After giving effect to the QT, including the completion of the concurrent financing, there are an aggregate of 196,916,245 Common Shares issued and outstanding.
As a result of the QT, 38,483,300 Common Shares are subject to Tier 2 Escrow Agreement and 2,175,000 Common Shares are subject to the CPC Escrow Agreement.
For further information, please refer to the Company's Filing Statement dated September 23, 2026 and the Company's news release dated September 29, 2026.
In addition, the Exchange has accepted for filing the following:
Private Placement - Brokered
Prior to the completion of the QT, the Company and Elton completed the private placements of subscription receipts which have been exchanged into the following securities in the Resulting Issuer:
Financing Type: Brokered Private Placement
Gross Proceeds: $17,285,000.18
Offering: 49,650,000 Common Shares at $0.20 per common share with 24,825,000 warrants
33,431,819 FT shares at $0.22 per common share with 16,715,909 warrants
Offering Price: $0.20 per Common Share
$0.22 per FT share
Warrant Exercise Terms: $0.30 per Common Share for a 3-year period
Commissions in Securities: Warrants
Finders (Aggregate) 4,384,909
Commission Terms: Each Compensation Warrant entitles the holder to acquire one Common Share at a price of $0.20 per Common Share until September 29, 2029.
Disclosure: Refer to the Company's news release dated September 29, 2026.
Name Change and Consolidation
Pursuant to a resolution passed by shareholders of the Company on August 24, 2026, the Company has consolidated its capital on a 1 old for 0.75 new basis and changed its name to "Elton Resources Corp.".
Effective at the opening of business on Tuesday, October 6, 2026, the common shares of "Elton Resources Corp." will commence trading on TSX Venture Exchange, and the common shares of "Chicane Capital I Corp." will be delisted.
Resume Trading
Further to TSX Venture Exchange's Bulletin dated April 16, 2026, trading in the securities of the resulting issuer will resume at the opening on Tuesday, October 6, 2026.
Post-Transactional
Capitalization: Unlimited shares with no par value of which
196,916,245 shares are issued and outstanding
Escrow: 40,658,300 shares (including the CPC escrowed shares)
Transfer Agent: TSX Trust Company
Symbol: DBAY (new)
CUSIP Number: 29035T302 (new)
The Company is classified as a "Nickel-Copper Ore Mining" issuer (NAICS Number: 212232).
Company Contact: Carson Phillips, CEO and Director
Company Address: 3123 595 Burrard Street, PO Box 49139, Vancouver, BC, V7X 1J1
Company Phone Number: 604-657-5871
Company Website: www.eltonresources.com
Company Email Address: cphillips@eltonresources.com
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