Announcement • Nov 20
Roxmore Resources Inc. (CNSX:RM) completed the acquisition of Taura Gold Inc. (TSXV:TORA). Roxmore Resources Inc. (CNSX:RM) agreed to acquire Taura Gold Inc. (TSXV:TORA) for CAD 5.7 million on September 8, 2025. upon completion of the transaction Taura will be delisted from the TSX Venture Exchange. Axcap to be led by John Dorward as CEO and Executive Chair.
The deal has been unanimously approved by the board. The transaction is subject to approval by regulatory board, approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders, consummation of private placement and subject to court approval. Closing of the Proposed Transaction will take place in the last quarter of 2025. As of November 14, 2025, Taura Shareholders overwhelmingly approved the plan of arrangement. It is expected that Axcap Ventures Inc. will finalize its share consolidation and name change to Roxmore Resources Inc. on November 19, 2025.
Evans & Evans, Inc. acted as financial advisor and fairness opinion provider and Endeavor Trust Corporation acted as transfer agent for Taura Gold Inc. Jay Goldman, Davit Akman, Michelle McKinnon, Corinne Grigoriu, and Alex Pizale of Cassels Brock & Blackwell LLP acted as legal advisor for Taura Gold Inc. Desmond Balakrishnan of McMillan LLP acted as legal advisor for Roxmore.
Roxmore Resources Inc. (CNSX:RM) completed the acquisition of Taura Gold Inc. (TSXV:TORA) on November 20, 2025. Prior to the completion of the Arrangement, and with effect as of post-market close on November 19, 2025, Roxmore completed its previously announced name change. Announcement • Sep 23
Taura Gold Inc., Annual General Meeting, Nov 14, 2025 Taura Gold Inc., Annual General Meeting, Nov 14, 2025. New Risk • Sep 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.90m market cap, or US$4.98m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). 
