공시 • Apr 24
Gold Candle Ltd. completed the acquisition of Fokus Mining Corporation (TSXV:FKM). Gold Candle Ltd. executed letter of intent to acquire Fokus Mining Corporation (TSXV:FKM) on January 18, 2026. Gold Candle Ltd. entered into a definitive arrangement agreement to acquire Fokus Mining Corporation for CAD 53.8 million on February 11, 2026. Shareholders will receive cash consideration of $0.26 per share, providing immediate value and liquidity. The transaction will be financed through equity investment of CAD 50.05 million. In case of termination of transaction, Fokus Mining Corporation will pay a termination fee of CAD 1.80 million. The consideration represents a premium of 33.3% to the closing price of the Shares on the TSX Venture Exchange (the "TSXV") on February 11, 2026, and a premium of 36.8% to the 10-day volume-weighted average trading price of the Shares on the TSXV as of February 11, 2026.
The Transaction must also be approved by the Superior Court of Québec. The deal has been unanimously approved by Fokus Mining's Board of Directors and Special Commitee and recommend that Fokus shareholders vote in favour of the transaction. The transaction is expected to close during the second quarter of 2026. As of April 14, 2026, the transaction has been approved by the shareholders of Fokus Mining. The hearing in respect of the Final Order is expected to take place on April 17, 2026.
Clarus Securities Inc. acted as financial advisor and fairness opinion provider for the Special Committee of Fokus Mining Corporation. Upon terms of the Engagement Agreement also provide that Clarus will: (i) be paid a work fee of CAD 25,000 payable upon the execution of the Engagement Agreement; (ii) will receive a completion fee of CAD 50,000 upon completion or delivery to the Special Committee of the Fairness Opinion; and (iii) will be reimbursed for its reasonable expenses.
Kari MacKay of Goodmans LLP acted as legal advisor for Gold Candle Ltd. Jean Tessier of Bennett Jones LLP acted as legal advisor for Fokus Mining Corporation. Lavery, De Billy acted as legal advisor for the Special Committee of Fokus Mining Corporation. PowerOne Capital Markets Limited acted as financial advisor for the Board of Directors of Fokus Mining Corporation. Computershare Investor Services Inc. acted as transfer agent and depository of Fokus Mining Corporation.
Gold Candle Ltd. completed the acquisition of Fokus Mining Corporation (TSXV:FKM) on April 22, 2026. As a result of the completion of the arrangement, it is expected that the shares will be delisted from the TSX Venture Exchange, OTCQB tier of the OTC Markets Group, and Open Markets segment of the Frankfurt Stock Exchange shortly after the date hereof, and that Fokus will promptly apply for an order to cease to be a reporting issuer (or equivalent) in each of Alberta, British Columbia and Québec 공시 • Feb 13
Gold Candle Ltd. entered into a definitive arrangement agreement to acquire Fokus Mining Corporation (TSXV:FKM) for CAD 47.8 million. Gold Candle Ltd. entered into a definitive arrangement agreement to acquire Fokus Mining Corporation (TSXV:FKM) for CAD 47.8 million on February 11, 2026. Shareholders will receive cash consideration of $0.26 per share, providing immediate value and liquidity. The transaction will be financed through equity investment of CAD 50.05 million. In case of termination of transaction, Fokus Mining Corporation will pay a termination fee of CAD 1.80 million. The consideration represents a premium of 33.3% to the closing price of the Shares on the TSX Venture Exchange (the "TSXV") on February 11, 2026, and a premium of 36.8% to the 10-day volume-weighted average trading price of the Shares on the TSXV as of February 11, 2026.
The Transaction must also be approved by the Superior Court of Québec. The deal has been unanimously approved by Fokus Mining's Board of Directors and Special Commitee and recommend that Fokus shareholders vote in favour of the transaction. The transaction is expected to close during the second quarter of 2026.
Clarus Securities Inc. acted as financial advisor and fairness opinion provider for the Special Committee of Fokus Mining Corporation. Goodmans LLP acted as legal advisor for Gold Candle Ltd. Bennett Jones LLP acted as legal advisor for Fokus Mining Corporation. Lavery, De Billy acted as legal advisor for the Special Committee of Fokus Mining Corporation. Board Change • Dec 30
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Independent Director Luc Gervais was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 공시 • May 01
Fokus Mining Corporation, Annual General Meeting, Jun 27, 2025 Fokus Mining Corporation, Annual General Meeting, Jun 27, 2025. Location: quebec, montreal Canada 공시 • Apr 23
Fokus Mining Corporation Identifies Multiple Targets from Deep Titan Geophysical Survey and Prepares for Phase 2 Drilling Fokus Mining Corporation provided an update on its 2025 exploration activities at the Galloway Property ("Galloway Project"), located in Abitibi, Quebec, along the Cadillac-Larder Lake Fault, between the Rouyn-Noranda and Kerr-Addison mining camps. The Galloway Project outlined a NI 43-101 inferred mineral resource of 1.42 million ounces of gold (41.2 Mt at 1.07 g/t Au) at USD 1,750/oz, or 1.79 million ounces (57.5 Mt at 0.97 g/t Au) at $1,960/oz, as detailed in March 23, 2023, press release. This update follows the completion of a deep-penetrating TITAN geophysical survey and provides an overview of the Phase 2 drilling program, which will target newly identified anomalies across the Galloway Project. The survey conducted at the Galloway project was completed over 8 lines with a 200 meters line spacing, totaling 32.9-line kilometers, and covering an approximate area of 605 hectares. Fokus Mining is set to resume drilling in the coming days with the start of Phase 2 of its 2025 exploration program. The objective of Phase 2 is to conduct step-out drilling around known mineralized zones and to test newly identified anomalies, with the aim of making new discoveries near existing resources. Highlights include hole GA-23-76, which intersected 51.13 g/t Au over 5 meters, and hole GA-24-86, which returned 10.06 g/t Au over 10.0 meters, including 6 meters grading 15.91 g/t Au (Fokus Mining Corp., April 16, 2024, "Fokus Mining Intersects 10 Metres Grading 10.06 g/t at the Galloway Project". The current hole is designed to test a strong chargeability anomaly located adjacent to a magnetic inversion, approximately 125 meters down-dip from the known Moriss mineralization. A third hole will target a magnetic anomaly near Zone 59, following up on results from hole GA-21-59. The scientific and technical disclosure related to drilling results, assays, and mineral resource estimates for Fokus included in this press release have been reviewed and approved by Nathalie Landry, P. Geo. Factors that could cause future results to difference materially from those anticipated in these forward-looking statements include risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with exploration, drilling and assay results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company is able to secure permitting and other governmental clearances necessary to carry out The Company will not be able to carry out the company's exploration plans. 공시 • Apr 10
Fokus Mining Corporation Intersects 0.90 G/T AueQ over 33 Metres Including 1.67 G/T Aueq over 10.1 Metres and Provides Update on Phase 1 Exploration Program Fokus Mining Corporation announced an update of its 2024-2025 exploration program on the Galloway Property ("Galloway Project"), located in Abitibi, Quebec, along the Cadillac-Larder Lake Fault, between the Rouyn-Noranda and Kerr-Addison mining camps. The Galloway Project outlined a NI 43-101 inferred mineral resource of 1.42 million ounces of gold (41.2 Mt at 1.07 g/t Au) at USD 1,750/oz, or 1.79 million ounces (57.5 Mt at 0.97 g/t Au) at $1,960/oz. This press release highlights the Company's recent drilling results and provides update on Phase 1 exploration program. Recent Drilling Highlights: The Company is announcing results from the extension of drill hole GA-24-91, which targeted the RB (Renault-Bay) deposit, as well as from drill holes GA-25-93, GA-25-94, and GA-25-95, which intersected the Hurd target at the Galloway Project. Recent results from the Hurd target, located 300 meters northeast of RB, highlight the presence of multiple broad mineralized zones that continue to expand across the property. The data suggest a significant gold system with meaningful copper intersections, indicating potential for an open-pit bulk-tonnage operation. Drilling completed earlier in Phase 1 confirmed the presence of a higher-grade core at depth within the Hendrick zone, supporting the potential for a bulk-tonnage underground operation. At GP and RB, drilling extended the near-surface mineralized footprint along strike, further reinforcing the potential for a larger-scale open-pit configuration. 