26/11/09 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BULLETIN V2026-3422
ANORTECH INC.("ANOR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 9, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the exercise of an option under a share exchange agreement dated June 15, 2026, and notice of exercise dated October 1, 2026 (collectively, the "Agreements"), between AnorTech Inc. (the "Company") and Greenland Mines Ltd. ("Greenland"). Pursuant to the terms of the Agreements, Greenland has exercised its option to acquire an additional 25,168,669 common shares of the Company (the "Option Shares") at a deemed price of $0.30 per Option Share, for aggregate consideration of $7,550,600.70. Consideration will be satisfied through the issuance of 1,133,268 common shares in the capital of Greenland having an equivalent aggregate value of $7,550,600.70, based on the 10-day volume-weighted average trading price (VWAP) of Greenland's common shares on the Nasdaq Capital Market ending on the trading day immediately preceding the closing date. The Option Shares are subject to a contractual lock-up period of 60 months from the date of issuance, and the Greenland shares received by the Company are subject to contractual lock-up periods of 12 months as to one-half and 24 months as to the remaining one-half.
The transaction is arm's length in nature, and no finder's fees are payable.
For further information, refer to the Company's news releases dated June 16, 2026, June 30, 2026, October 5, 2026, and November 9, 2026.
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