Linear Minerals Corp. Announces Share Distribution Record Date and the Share Issuance Date Regarding the Plan of Arrangement
Linear Minerals (OTCQB:LINMF) set the Share Distribution Record Date for the approved Plan of Arrangement at November 25, 2025, with completion and distribution of Westlinear shares and transfer of the Pontax West Lithium Property scheduled for November 28, 2025.
Under the Arrangement, Linear shareholders receive one Westlinear share for every 10 Linear shares held at the record date; holders who exercise options or warrants before that date will be eligible on the same basis. The Arrangement was approved by shareholders on October 22, 2025 and by the Supreme Court of British Columbia on October 29, 2025. Westlinear will be a reporting issuer in BC, Alberta and Ontario and may seek an exchange listing, with no guarantee of listing.
Linear Minerals (OTCQB:LINMF) ha fissato la data di registrazione della distribuzione delle azioni per l'approvazione del piano di riorganizzazione alla 25 novembre 2025, con completamento e distribuzione delle azioni Westlinear e trasferimento della proprietà Pontax West Lithium previsto per 28 novembre 2025.
Secondo l'Accordo, gli azionisti di Linear riceveranno una azione Westlinear per ogni 10 azioni Linear detenute alla data di registrazione; i detentori che eserciteranno opzioni o warrant prima di tale data saranno idonei sulla stessa base. L'Accordo è stato approvato dagli azionisti il 22 ottobre 2025 e dalla Corte Suprema della British Columbia il 29 ottobre 2025. Westlinear sarà un emittente registrato in British Columbia, Alberta e Ontario e potrà cercare una quotazione in borsa, senza alcuna garanzia di quotazione.
Linear Minerals (OTCQB:LINMF) fijó la Fecha de Registro de Distribución de Acciones para el Plan de Acuerdo aprobado en 25 de noviembre de 2025, con la finalización y distribución de las acciones Westlinear y la transferencia de la Propiedad Pontax West Lithium programadas para 28 de noviembre de 2025.
Según el Acuerdo, los accionistas de Linear recibirán una acción Westlinear por cada 10 acciones Linear en la fecha de registro; los tenedores que ejerzan opciones o warrants antes de esa fecha serán elegibles en la misma base. El Acuerdo fue aprobado por los accionistas el 22 de octubre de 2025 y por la Corte Suprema de British Columbia el 29 de octubre de 2025. Westlinear será un emisor que reporta en BC, Alberta y Ontario y podrá buscar una cotización en bolsa, sin garantía de cotización.
Linear Minerals (OTCQB:LINMF) 승인된 합의 계획에 대한 주주배당기록일을 2025년 11월 25일로 설정했으며, Westlinear 주식의 완전 발행 및 분배와 Pontax West Lithium 자산의 양도는 2025년 11월 28일로 예정되어 있습니다.
합의에 따라 Linear 주주들은 기록일에 보유한 10주당 Westlinear 주식 1주를 받습니다; 그 날짜 이전에 옵션이나 워런트를 행사하는 보유자도 동일한 기준으로 자격이 있습니다. 합의는 2025년 10월 22일 주주들에 의해 승인되었고, 2025년 10월 29일 브리티시컬럼비아 대법원에 의해 승인되었습니다. Westlinear는 BC, Alberta, Ontario에서 보고 발행인이 될 것이며, 상장 가능성을 모색할 수 있으며, 상장 보장을 약속하지 않습니다.
Linear Minerals (OTCQB:LINMF) a fixé la date d'enregistrement de distribution des actions pour le Plan d'Arrangement approuvé au 25 novembre 2025, avec l'achèvement et la distribution des actions Westlinear et le transfert de la Propriété Pontax West Lithium prévu pour le 28 novembre 2025.
En vertu de l'Arrangement, les actionnaires de Linear reçoivent une action Westlinear pour chaque 10 actions Linear détenues à la date d'enregistrement; les détenteurs qui exercent des options ou des warrants avant cette date seront éligibles sur la même base. L'Arrangement a été approuvé par les actionnaires le 22 octobre 2025 et par la Cour suprême de la Colombie-Britannique le 29 octobre 2025. Westlinear sera un émetteur déclarant dans la Colombie-Britannienne, l'Alberta et l'Ontario et pourra rechercher une cotation en bourse, sans garantie de cotation.
Linear Minerals (OTCQB:LINMF) hat das Share Distribution Record Date für den genehmigten Plan of Arrangement auf 25. November 2025 festgelegt, mit der Fertigstellung und Verteilung der Westlinear-Aktien sowie der Übertragung der Pontax West Lithium-Eigenschaft, die für 28. November 2025 vorgesehen ist.
Nach der Vereinbarung erhalten Linear-Aktionäre eine Westlinear-Aktie für jeweils 10 Linear-Aktien, die am Stichtag gehalten werden; Inhaber von Optionen oder Warrants, die vor diesem Datum ausgeübt werden, sind auf derselben Grundlage berechtigt. Die Vereinbarung wurde von den Aktionären am 22. Oktober 2025 und vom Obersten Gerichtshof von British Columbia am 29. Oktober 2025 genehmigt. Westlinear wird ein berichtspflichtiger Emittent in BC, Alberta und Ontario sein und könnte eine Börsennotierung anstreben, jedoch ohne Garantien für eine Notierung.
Linear Minerals (OTCQB:LINMF) حددت تاريخ سجل توزيع الأسهم للخطة المتفق عليها المعتمدة في 25 نوفمبر 2025، مع اكتمال وتوزيع أسهم Westlinear ونقل ملكية Pontax West Lithium المتوقع في 28 نوفمبر 2025.
وفقاً للترتيب، يتلقى حاملو Linear مساهمة من Westlinear بمعدل سهم واحد Westlinear لكل 10 أسهم Linear محتفظ بها في تاريخ التسجيل؛ سيكون بموجِب من يسجل خيارات أو أسهم مستندة إلى الأسهم قبل ذلك التاريخ مؤهلاً بنفس الأساس. تم اعتماد الترتيب من قبل المساهمين في 22 أكتوبر 2025 ومن قِبل المحكمة العليا في كولومبيا البريطانية في 29 أكتوبر 2025. وستكون Westlinear مُصدرًا للإفصاح في كولومبيا البريطانية وألبرتا وأونتاريو وربما تسعى إلى إدراج في البورصة، مع عدم وجود ضمان للإدراج.
- Record date set for share distribution: November 25, 2025
- Distribution and asset transfer scheduled: November 28, 2025
- Shareholder and court approvals secured: Oct 22 & Oct 29, 2025
- Westlinear may not obtain an exchange listing, no guarantee provided
- Shareholders must exercise options/warrants before Nov 25, 2025 to receive Westlinear shares
VANCOUVER, BC / ACCESS Newswire / November 6, 2025 / Linear Minerals Corp. ("Linear" or the "Company") (CSE:LINE)(OTCQB:LINMF)(WKN:A2J C89) announces the share distribution record date of November 25, 2025 (the "Share Distribution Record Date") pursuant to the Plan of Arrangement with Westlinear Minerals Corp. dated August 1, 2025 (the "Arrangement").
Under the terms of the Arrangement, Linear shareholders will be issued one share of Westlinear Minerals Corp. ("Westlinear") with respect to every 10 shares of Linear owned on the Share Distribution Record Date.
The Company plans to complete the Arrangement and distribute Westlinear shares to the Company's shareholders and transfer the Pontax West Lithium Property to Westlinear on November 28, 2025.
Holders of Linear 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 Westlinear with respect to every 10 shares of Linear.
Upon completion of the Arrangement, Company's shareholders will ultimately own shares in the Company and Westlinear. Westlinear will become a reporting issuer in British Columbia, Alberta and Ontario. Westlinear may apply for listing of its shares on a securities exchange in the future; however, there can be no guarantee, assurance or representation that the Westlinear shares will ever be listed on any stock exchange.
The Arrangement was approved by the shareholders of the Company on October 22, 2025, and by the Supreme Court of British Columbia on October 29, 2025.
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. 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 is the Share Distribution Record Date for Linear Minerals (LINMF)?
When will Linear Minerals (LINMF) distribute Westlinear shares and transfer the Pontax West Lithium Property?
What is the exchange ratio for Westlinear shares under the Arrangement for LINMF shareholders?
Do LINMF option and warrant holders qualify for Westlinear shares?
Has the Plan of Arrangement for LINMF been approved by shareholders and the court?
Will Westlinear shares be listed on a stock exchange after the LINMF split?
