Linear Minerals Corp. Announces Results of Annual General and Special Meeting and Approval of the Plan of Arrangement by Shareholders
Linear Minerals (OTCQB:LINMF / CSE:LINE) announced shareholders approved all matters at the annual general and special meeting held on October 22, 2025, including re-election of five directors, appointment of DeVisser Gray LLP as auditors, and re-approval of the Stock Option Plan and Restricted Share Unit Plan.
Shareholders also approved a Plan of Arrangement (dated August 1, 2025) to spin out the Pontax West Lithium Property into subsidiary Spinco (Westlinear Minerals) at a distribution ratio of 1 Spinco share per 10 Linear shares. Completion requires Supreme Court of British Columbia and Canadian Securities Exchange approval; the Share Distribution Record Date will be announced later.
Linear Minerals (OTCQB:LINMF / CSE:LINE) ha annunciato che gli azionisti hanno approvato tutte le questioni all'assemblea generale annuale e speciale tenuta il 22 ottobre 2025, inclusa la rielezione di cinque membri del consiglio, la nomina di DeVisser Gray LLP come revisori dei conti e la rinnovata approvazione del Piano di Opzioni Azionarie e del Piano di Unità di Azioni Vincolate.
Gli azionisti hanno anche approvato un Piano di Distribuzione (datato 1 agosto 2025) per scorporare la Pontax West Lithium Property nella controllata Spinco (Westlinear Minerals) con un rapporto di distribuzione di 1 Spinco azione per 10 azioni Linear. Il completamento richiede l'approvazione della Supreme Court of British Columbia e della Canadian Securities Exchange; la Data di Registro di Distribuzione tra gli azionisti sarà annunciata in seguito.
Linear Minerals (OTCQB:LINMF / CSE:LINE) anunció que los accionistas aprobaron todas las cuestiones en la asamblea general anual y especial celebrada el 22 de octubre de 2025, incluida la reelegación de cinco directores, el nombramiento de DeVisser Gray LLP como auditores y la re-aprobación del Plan de Opciones sobre Acciones y del Plan de Unidades de Acciones Restringidas.
Los accionistas también aprobaron un Plan de Acuerdo (fechado 1 de agosto de 2025) para escindir la Propiedad de Litio Pontax West en la filial Spinco (Westlinear Minerals) con una relación de distribución de 1 acción Spinco por cada 10 acciones Linear. El cierre requiere la aprobación de la Supreme Court of British Columbia y de la Canadian Securities Exchange; la Fecha de Registro de Distribución entre los accionistas se anunciará más tarde.
Linear Minerals (OTCQB:LINMF / CSE:LINE)는 주주들이 2025년 10월 22일에 개최된 연례 일반 및 특별 주주총회에서 모든 안건을 승인했다고 발표했습니다. 여기에는 다섯 이사의 재선, DeVisser Gray LLP를 감사인으로 임명, 주식매수선택권 계획 및 제한주 단위 계획의 재승인이 포함됩니다.
주주들은 또한 2025년 8월 1일자로 작성된 합의계획를 승인하여 Pontax West Lithium Property를 자회사 Spinco (Westlinear Minerals)로 분리하고 배분비율은 1 Spinco 주식당 10 Linear 주식으로 결정했습니다. 합병의 완성은 브리티시컬럼비아 주 대법원과 캐나다 증권거래소의 승인이 필요하며; 주주배정기록일은 추후 발표될 예정입니다.
Linear Minerals (OTCQB:LINMF / CSE:LINE) a annoncé que les actionnaires ont approuvé toutes les questions lors de l’assemblée générale annuelle et extraordinaire qui s’est tenue le 22 octobre 2025, y compris la réélection de cinq administrateurs, la nomination de DeVisser Gray LLP comme auditeurs et la ré-approbation du Plan d’Options sur Actions et du Plan d’Unités d’Actions Restreintes.
Les actionnaires ont également approuvé un Plan d’Arrangement (daté du 1er août 2025) visant à scinder la propriété Pontax West Lithium en la filiale Spinco (Westlinear Minerals) avec un ratio de distribution de 1 action Spinco pour 10 actions Linear. L’achèvement nécessite l’approbation de la Supreme Court of British Columbia et de la Canadian Securities Exchange; la Date d’enregistrement de distribution des actionnaires sera annoncée ultérieurement.
Linear Minerals (OTCQB:LINMF / CSE:LINE) gab bekannt, dass die Aktionäre alle Punkte auf der Jahrestagung und der Sonderversammlung am 22. Oktober 2025 genehmigt haben, einschließlich der Wiederwahl von fünf Direktoren, der Ernennung von DeVisser Gray LLP als Wirtschaftsprüfer sowie der erneuten Genehmigung des Stock Option Plan und des Restricted Share Unit Plan.
Die Aktionäre genehmigten außerdem einen Vereinbarungsplan (datiert vom 1. August 2025), um die Pontax West Lithium Property auf die Tochtergesellschaft Spinco (Westlinear Minerals) auszugliedern, mit einem Verteilungssatz von 1 Spinco-Aktie pro 10 Linear-Aktien. Der Abschluss erfordert die Genehmigung des Supreme Court of British Columbia und der Canadian Securities Exchange; das Datum der Share Distribution wird später bekannt gegeben.
Linear Minerals (OTCQB:LINMF / CSE:LINE) أعلنت أن المساهمين وافقوا على جميع المسائل في الاجتماع السنوي العام والاجتماع الخاص المنعقد في 22 أكتوبر 2025، بما في ذلك إعادة انتخاب خمسة مديرين، وتعيين DeVisser Gray LLP كمراجع حسابات، والموافقة مرة أخرى على خطة خيارات الأسهم وخطة وحدات الأسهم المقيدة.
كما وافق المساهمون أيضًا على خطة الاتفاق (المؤرخة 1 أغسطس 2025) لفصل ممتلكات Pontax West Lithium إلى الشركة التابعة Spinco (Westlinear Minerals) بنسبة توزيع قدرها 1 سهم Spinco مقابل 10 أسهم Linear. يتطلب الإغلاق موافقة المحكمة العليا في كولومبيا البريطانية وبورصة الأوراق المالية الكندية؛ وسيتم الإعلان عن تاريخ تسجيل التوزيع للمساهمين لاحقًا.
Linear Minerals (OTCQB:LINMF / CSE:LINE) 宣布股东已在于 2025年10月22日举行的年度股东大会及特别股东大会上批准所有事项，其中包括五位董事的重新当选、任命 DeVisser Gray LLP 为审计师，以及再次批准股票期权计划和限制性股票单位计划。
股东还批准了一项 安排计划（日期为 2025 年 8 月 1 日），将 Pontax West Lithium Property 分拆为子公司 Spinco (Westlinear Minerals)，分配比率为 1 股 Spinco 对 10 股 Linear。完成需要不列颠哥伦比亚省高等法院和加拿大证券交易所的批准；股东分配登记日将在稍后宣布。
- Shareholders approved the Arrangement on October 22, 2025
- Spin-out ratio set at 1 Spinco share per 10 Linear shares
- Re-elected five directors, maintaining board continuity
- DeVisser Gray appointed as auditors
- Completion subject to Supreme Court of British Columbia approval
- Completion subject to Canadian Securities Exchange acceptance
- Share Distribution Record Date not yet determined, creating timing uncertainty
VANCOUVER, BC / ACCESS Newswire / October 23, 2025 / Linear Minerals Corp. ("Linear" or the "Company") (CSE:LINE)(OTCQB:LINMF)(WKN:A2J C89) (the "Company") announces that its shareholders approved all matters presented to them at the annual general and special meeting on October 22, 2025.
The number of directors was fixed at five. Gurminder Sangha, Jurgen Wolf, Craig Alford, Jason Grewal and Jodie Gibson were re-elected to the board of directors. DeVisser Gray LLP, Chartered Professional Accountants were appointed auditors of the Company. The shareholders re-approved the Stock Option Plan and the Restricted Share Unit Plan.
The shareholders also approved by special resolution 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 news release in advance.
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 public 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 following conditions:
the approval of the Supreme Court of British Columbia; and
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 on www.sedarplus.ca under the profile of the Company.
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.
ON BEHALF OF THE BOARD OF
Linear Minerals Corp.
"Gurminder Sangha"
Gurminder Sangha
CEO & Director
For further information, please contact the Company at: info@linearminerals.com
Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
Forward-looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the Company's exploration plans, potential mineralization, and future activities. While the Company believes the assumptions underlying such information are reasonable, actual results may vary, and undue reliance should not be placed on forward-looking statements.
SOURCE: Linear Minerals Corp.
View the original press release on ACCESS Newswire
FAQ
What did LINMF shareholders approve at the October 22, 2025 meeting?
What is the spin-out ratio for the Pontax West Lithium Property under LINMF's Arrangement?
What approvals are required to complete LINMF's Plan of Arrangement?
Will LINMF shareholders own shares in both companies after the Arrangement?
Do option and warrant holders of LINMF receive Spinco shares?
When will LINMF announce the Share Distribution Record Date for Spinco shares?
