BULLETIN V2026-3299
TRUSILVER METALS CORP. ("TAG")
[formerly Galaxy Ventures Inc. ("GXY.P")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Private Placement-Non-Brokered, Name Change and Consolidation, Resume Trading
BULLETIN DATE: October 23, 2026
TSX Venture Tier 2 Company
Qualifying Transaction
TSX Venture Exchange (the "Exchange") has accepted for filing the Qualifying Transaction ("QT") of Galaxy Ventures Inc. (the "Company") described in its Filing Statement dated October 15, 2026. As a result, on Tuesday, October 27, 2026, the Company will no longer be considered a Capital Pool Company.
The QT includes the following:
- Pursuant to a transaction agreement dated May 29, 2026, as amended August 26, 2026, September 25, 2026 and October 1, 2026, the Company has acquired all the outstanding securities of TruSilver Metals Corp. ("TS").
- The Company issued an aggregate of 28,188,497 common shares to the previous shareholders of TS, excluding the common shares issued under the private placement described below.
- The Company proceeded with a name change and a consolidation as further described below.
For further information, please refer to the Company's Filing Statement dated October 15, 2026 and to the Company's news releases dated April 29, 2026, June 1, 2026, September 15, 2026, October 9, 2026, October 15, 2026 and October 23, 2026.
Private Placement - Non-Brokered
Prior to the completion of the QT, TS completed a private placement of hard cash and flow-through subscription receipts as well as hard cash and flow-through units resulting in the issuance of the following securities in the Resulting Issuer.
Financing Type: Non-Brokered Private Placement
Gross Proceeds: $2,830,090
Offering: 9,551,440 Listed Shares with 9,551,440 warrants and
1,474,100 flow-through Listed Shares
Offering Price: $0.25 per Listed Share
$0.30 per flow-through Listed Share
Warrant Exercise Terms: $0.45 per Listed Share for a 24-month period
Commission in securities: an aggregate of 269,430 non-transferable broker warrants exercisable at $0.25 for a 24-month period
Disclosure: Refer to the Company's news releases dated September 15, 2026 and October 9, 2026.
Name Change and Consolidation
Following a resolution of directors passed on October 14, 2026, the Company has consolidated its capital on the basis of 2.5 old shares for 1 new share and changed its name from Galaxy Ventures Inc. to TruSilver Metals Corp.
Effective at the opening on Tuesday, October 27, 2026, the common shares of TruSilver Metals Corp. will commence trading on the TSX Venture Exchange on a consolidated basis, and the common shares of Galaxy Ventures Inc. will be delisted.
Resume Trading
Further to the bulletin dated April 28, 2026, effective at the opening on Tuesday, October 27, 2026, the common shares of TruSilver Metals Corp. will commence trading on the TSX Venture Exchange (on a consolidated basis) under the symbol "TAG", and the common shares of Galaxy Ventures Inc. (GXY.P) will be delisted.
Post-Consolidation and
Post-Transactional
Capitalization: Unlimited number of common shares with no par value of which
42,544,678 common shares are issued and outstanding.
Escrow: 19,731,327 common shares (including 1,408,000 CPC escrowed shares)
of which 2,184,332 common shares are released as at the date of this bulletin
Transfer Agent: Endeavor Trust Corporation
Trading Symbol: TAG (new)
CUSIP Number: 89825B 10 1 (new)
The Resulting Issuer is classified as a "gold and silver ore mining" company (NAICS: 212220).
Company Contact: Michael Gross, CEO & Director
Company Address: 2400 - 1055 W Georgia St, Vancouver BC V6E 3P3
Company Phone Number: 604-200-7342
Company Website: www.trusilvermetals.com
Company Email Address: invest@trusilvermetals.com
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