Linear Minerals Corp. Announces Approval of the Plan of Arrangement by the Supreme Court of British Columbia
Linear Minerals (OTCQB:LINMF) announced that on October 29, 2025 the Supreme Court of British Columbia approved a Plan of Arrangement to spin out the Pontax West Lithium Property into a newly formed subsidiary, Westlinear Minerals (Spinco).
Under the Arrangement, shareholders will receive one Spinco share for every 10 Linear shares held on a Share Distribution Record Date to be set by the board. The Arrangement was approved by shareholders on October 23, 2025 and remains subject to acceptance by the Canadian Securities Exchange.
Linear Minerals (OTCQB:LINMF) ha annunciato che il 29 ottobre 2025 la Corte Suprema della British Columbia ha approvato un Piano di Riassetto per scorporare la Proprietà Pontax West Lithium in una consociata di nuova costituzione, Westlinear Minerals (Spinco).
Sull'Arragreement, gli azionisti riceveranno una azione Spinco per ogni 10 azioni Linear detenute in una Data di Registrazione della Distribuzione delle Azioni che sarà stabilita dal consiglio. L'Accordo è stato approvato dagli azionisti il 23 ottobre 2025 e rimane soggetto all'accettazione da parte della Canadian Securities Exchange.
Linear Minerals (OTCQB:LINMF) anunció que el 29 de octubre de 2025 la Corte Suprema de Columbia Británica aprobó un Plan de Arreglo para escindir la Propiedad de Litio Pontax West en una subsidiaria recientemente formada, Westlinear Minerals (Spinco).
Según el Arreglo, los accionistas recibirán una acción de Spinco por cada 10 acciones de Linear en la fecha de Registro de Distribución de Acciones que establecerá la junta. El Arreglo fue aprobado por los accionistas el 23 de octubre de 2025 y permanece sujeto a la aceptación por la Canadian Securities Exchange.
Linear Minerals (OTCQB:LINMF)는 2025년 10월 29일 브리티시컬럼비아주 대법원이 Pontax West Lithium 자산을 새로 설립된 자회사 Westlinear Minerals (Spinco)로 분할하는 Arrangement Plan을 승인했다고 발표했습니다.
Arrangement에 따라 주주들은 이사회가 정할 주주분배기록일에 Linear 주식 10주당 1주 Spinco 주식을 받게 됩니다. Arrangement는 2025년 10월 23일에 주주들의 승인을 받았으며 Canadian Securities Exchange의 수락 여부에 달려 있습니다.
Linear Minerals (OTCQB:LINMF) a annoncé que le 29 octobre 2025, la Cour suprême de la Colombie-Britannique a approuvé un Plan d'Arrangement visant à scinder la Propriété Pontax West Lithium en une filiale récemment créée, Westlinear Minerals (Spinco).
Sous l'Arrangement, les actionnaires recevront un titre Spinco pour chaque 10 actions Linear détenues à une Date d'Enregistrement de la Distribution des Actions à fixer par le conseil. L'Arrangement a été approuvé par les actionnaires le 23 octobre 2025 et reste soumis à l'acceptation par le Canadian Securities Exchange.
Linear Minerals (OTCQB:LINMF) kündigte an, dass am 29. Oktober 2025 das Oberste Gericht von British Columbia einen Plan of Arrangement genehmigt hat, um das Pontax West Lithium Property in eine neu gegründete Tochtergesellschaft, Westlinear Minerals (Spinco), auszugliedern.
Im Rahmen der Vereinbarung erhalten die Aktionäre eine Spinco-Aktie für jeweils 10 Linear-Aktien, basierend auf einem vom Vorstand festzulegenden Share Distribution Record Date. Der Plan wurde von den Aktionären am 23. Oktober 2025 genehmigt und bedarf noch der Zustimmung der Canadian Securities Exchange.
Linear Minerals (OTCQB:LINMF) أعلنت أنه في 29 أكتوبر 2025 اعتمدت المحكمة العليا في كولومبيا البريطانية خطة ترتيب لتقسيم ممتلكات Pontax West Lithium إلى شركة تأسست حديثاً، Westlinear Minerals (Spinco).
بموجب الترتيب، سيتلقى المساهمون سهم Spinco واحد مقابل لكل 10 أسهم Linear المحتفظ بها في تاريخ تسجيل توزيع الأسهم الذي سيحدده المجلس. وقد تمت الموافقة على الترتيب من قبل المساهمين في 23 أكتوبر 2025 ولا يزال متروكاً لقبول من Canadian Securities Exchange.
- Court approval received on October 29, 2025
- Shareholder approval obtained on October 23, 2025
- Distribution ratio defined as 1 Spinco share per 10 Linear shares
- Completion remains conditional on Canadian Securities Exchange acceptance
- Shareholders must note option/warrant exercises before record date to receive Spinco shares
VANCOUVER, BC / ACCESS Newswire / October 30, 2025 / Linear Minerals Corp. ("Linear" or the "Company") (CSE:LINE)(OTCQB:LINMF) (WKN:A2J C89) (the "Company") is pleased to announce that on October 29, 2025, the Supreme Court of British Columbia approved the Plan of Arrangement Agreement dated for reference August 1, 2025 (the "Arrangement") to spin out Company's Pontax West Lithium Property located in the Province of Quebec to the Company's subsidiary Westlinear Minerals Corp. ("Spinco").
Under the terms of the Arrangement, the Company's shareholders will be issued one share of Spinco with respect to every 10 shares of the Company owned on the share distribution record date (the "Share Distribution Record Date"), which will be determined by the Company's Board of Directors and announced by a separate news release in advance.
The Arrangement was approved by the shareholders of the Company on October 23, 2025.
Holders of the Company options and warrants, who exercise their options and/or warrants before the Share Distribution Record Date, will also be entitled to receive one share of Spinco with respect to every 10 shares of the Company. The Pontax West Lithium Property will be transferred to Spinco.
Upon completion of the Arrangement, the Company shareholders will ultimately own shares in two companies: the Company, which will be focused on its other mineral properties and Spinco, which will focus on the Pontax West Lithium Property.
Completion of the Arrangement is subject to the acceptance of the Arrangement by the Canadian Securities Exchange.
Additional details regarding the Arrangement are described in the information circular of the Company, dated August 28, 2025, which is available at www.sedarplus.ca under the profile of the Company.
On behalf of the board of directors.
"Gurminder Sangha"
CEO, Director
For further information, please contact the Company at: info@linearminerals.com
Forward Looking Statements
When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this news release include, amongst others, the Company's plans regarding the Arrangement and exploration plans. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements or implied by such forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs; shareholder, court and regulatory approvals; and general development, market and industry conditions.
The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable). The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. The Company does not undertake to update this information at any particular time except as required in accordance with applicable laws.
SOURCE: Linear Minerals Corp.
View the original press release on ACCESS Newswire
FAQ
What did Linear Minerals (LINMF) announce on October 29, 2025?
How many Spinco shares will LINMF shareholders receive under the Arrangement?
When did LINMF shareholders approve the spin-out of Pontax West lithium property?
Is the Arrangement for LINMF final and effective now?
Will holders of LINMF options and warrants receive Spinco shares?
