Announcement • Jan 30
Drummond Ventures Corp., Annual General Meeting, Mar 17, 2026 Drummond Ventures Corp., Annual General Meeting, Mar 17, 2026. Announcement • Jan 10
Toro Silver Corp. entered into an agreement to acquire Drummond Ventures Corp. (TSXV:DVX.P) in a reverse merger transaction. Toro Silver Corp. entered into an agreement to acquire Drummond Ventures Corp. (TSXV:DVX.P) in a reverse merger transaction on December 30, 2025. As consideration for the issuance of the Drummond Post-Consolidation Common Shares, Drummond shall receive one fully paid and non-assessable Amalco Share for each one Toro common Share. Following the completion of transaction, Drummond Ventures would be named as Mackay Holdings Corp.
The transaction is subject to approval by TSXV, approval of offer by acquirer shareholders and fulfill all conditions and satisfy all provisions of this Agreement and the Amalgamation required to be fulfilled or satisfied by Toro. The deal has been unanimously approved by the board. The transaction is unanimously approved by Toro board.
Maxis Law Corporation acted as legal advisor for Toro Silver Corp. Boughton Law Corporation acted as legal advisor for Drummond Ventures Corp. Announcement • Jun 12
Elton Resources Corp. cancelled the acquisition of Drummond Ventures Corp. (TSXV:DVX.P) in a reverse merger transaction. Elton Resources Corp. entered into a non-binding letter of intent to acquire Drummond Ventures Corp. (TSXV:DVX.P) for CAD 1.2 million in a reverse merger transaction on September 9, 2024. Elton Resources Corp. entered into a definitive agreement to acquire Drummond Ventures Corp. (TSXV:DVX.P) in a reverse merger transaction on October 31, 2024. Pursuant to the LOI, as consideration for the acquisition of all of the outstanding securities of Elton, holders of issued and outstanding Elton Shares (including Elton Shares issued on conversion of any Subscription Receipts) will receive one post-Split Drummond Share for each one Elton Share held immediately prior to Closing. Following Closing, Drummond shall change its name to “Elton Resources Corp.” or such other name as may be determined by Elton. Upon completion of the proposed transaction, it is anticipated that all of the current directors and officers of Drummond will resign. The board of directors of the Resulting Issuer is expected to consist of five nominees: Carson Phillips (Chairman), Michael Galego, a director to be appointed by Generation, and two other directors appointed by Elton. The senior management of Elton shall became the management of the Resulting Issuer, with Carson Phillips as Chief Executive Officer and other members of management to be appointed in due course.
The completion of the transaction is subject to the satisfaction of various conditions as are standard for a transaction of this nature, including but not limited to (i) the negotiation and execution of the definitive agreement, (ii) the receipt of shareholder approval for the transaction (including the Split and the reconstitution of the board of directors of Drummond) to the extent as required by applicable law and policies of the Exchange, (iii) the filing with the applicable securities regulatory authorities of a filing statement or information circular regarding the transaction including the requisite technical reports and financial statements so required, and (iv) the receipt of conditional approval from the Exchange for the proposed transaction and the listing of the Resulting Issuer Shares upon completion of the proposed transaction. As on November 1, 2024, the transaction is subject to the completion of one or more concurrent brokered financings by Elton for gross proceeds of a minimum of $10,000,000 (when aggregated with the gross proceeds from the Drummond Financing (as defined below)) (the “Private Placement”) through the issuance of Subscription Receipts (as defined herein); (ii) the approval by the directors of Drummond and Elton of the Proposed Transaction and the matters related therein and is expected to completed by December 31, 2024. On February 27, 2025, Pursuant to the agreement, the outside date for the proposed transaction between Elton and the Drummond has been extended to April 30, 2025. On November 14, 2024, the shareholders of the Company approved all of the matters brought before them by the requisite majorities at the annual general and special meeting, including matters related to the stock split and the reconstitution of the board of directors of Drummond for the proposed QT.
Elton Resources Corp. cancelled the acquisition of Drummond Ventures Corp. (TSXV:DVX.P) in a reverse merger transaction on June 11, 2025. y, Drummond has provided Elton with notice that Drummond has terminated the agreement in accordance with its terms. Elton has elected to remain private and as per the terms of the agreement, has agreed to reimburse Drummond for its expenses incurred in respect to the proposed transaction. The Company will continue to pursue and evaluate other businesses and assets with a view to completing a Qualifying Transaction and will make further announcements with respect to these efforts as soon as practically possible and, in the interim, will apply to the TSX Venture Exchange to reinstate trading of the Company’s common shares. Announcement • May 23
Drummond Ventures Corp. (TSXV:DVX.P) acquired Tucker-Castleberry Printing, Inc and New London Communications, LLC. Drummond Ventures Corp. (TSXV:DVX.P) acquired Tucker-Castleberry Printing, Inc and New London Communications, LLC on May 22, 2025.
Drummond Ventures Corp. (TSXV:DVX.P) completed the acquisition of Tucker-Castleberry Printing, Inc and New London Communications, LLC on May 22, 2025. Announcement • Oct 11
Drummond Ventures Corp., Annual General Meeting, Nov 14, 2024 Drummond Ventures Corp., Annual General Meeting, Nov 14, 2024. Location: british columbia, vancouver Canada Announcement • Sep 11
Elton Resources Corp. entered into a non-binding letter of intent to acquire Drummond Ventures Corp. (TSXV:DVX.P) for CAD 1.2 million in a reverse merger transaction. Elton Resources Corp. entered into a non-binding letter of intent to acquire Drummond Ventures Corp. (TSXV:DVX.P) for CAD 1.2 million in a reverse merger transaction on September 9, 2024. Pursuant to the LOI, as consideration for the acquisition of all of the outstanding securities of Elton, holders of issued and outstanding Elton Shares (including Elton Shares issued on conversion of any Subscription Receipts) will receive one post-Split Drummond Share for each one Elton Share held immediately prior to Closing. Following Closing, Drummond shall change its name to “Elton Resources Corp.” or such other name as may be determined by Elton. Upon completion of the proposed transaction, it is anticipated that all of the current directors and officers of Drummond will resign. The board of directors of the Resulting Issuer is expected to consist of five nominees: Carson Phillips (Chairman), Michael Galego, a director to be appointed by Generation, and two other directors appointed by Elton. The senior management of Elton shall became the management of the Resulting Issuer, with Carson Phillips as Chief Executive Officer and other members of management to be appointed in due course.
The completion of the transaction is subject to the satisfaction of various conditions as are standard for a transaction of this nature, including but not limited to (i) the negotiation and execution of the definitive agreement, (ii) the receipt of shareholder approval for the transaction (including the Split and the reconstitution of the board of directors of Drummond) to the extent as required by applicable law and policies of the Exchange, (iii) the filing with the applicable securities regulatory authorities of a filing statement or information circular regarding the transaction including the requisite technical reports and financial statements so required, and (iv) the receipt of conditional approval from the Exchange for the proposed transaction and the listing of the Resulting Issuer Shares upon completion of the proposed transaction. Board Change • Aug 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Dave De Witt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Dave De Witt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Dave De Witt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Dave De Witt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Dave De Witt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Dave De Witt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Dave De Witt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Dave De Witt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Dave De Witt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 22
Drummond Ventures Corp., Annual General Meeting, Dec 22, 2022 Drummond Ventures Corp., Annual General Meeting, Dec 22, 2022.