Early Warning Report Filed Pursuant to National Instrument 62-103
Usha Resources (TSXV:USHA / OTCQB:USHAF) filed an early warning dated January 22, 2026 after completing a transaction with Totec Resources.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Usha Resources (TSXV:USHA / OTCQB:USHAF) filed an early warning dated January 22, 2026 after completing a transaction with Totec Resources.
Under a share purchase agreement (Oct 22, 2025; amended Dec 10, 2025), Totec acquired interests in Subco by issuing 35,500,000 common shares (5,500,000 to Usha; 30,000,000 to other investors) and paying Usha $50,000 cash. Prior to closing Usha held nil Totec shares; post-closing Usha holds 5,500,000 Totec shares, or 14.3% of Totec on a non-diluted basis. Usha may buy or sell additional Totec securities subject to market conditions and securities rules. The early warning report will be available on SEDAR+.
Positive
- Acquired 5,500,000 Totec common shares
- Resulting ownership of 14.3% of Totec (non-diluted)
- Early warning filed to meet disclosure rules
Negative
- Usha received only $50,000 cash as part of the transaction
- Ownership is non-diluted percentage; future dilution possible
Details
News Market Reaction – USHAF
The recorded move for USHAF in the trading session of this news was +12.12%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, BC / ACCESS Newswire / January 22, 2026 / Usha Resources Ltd. ("Usha" or the "Company") (TSXV:USHA)(OTCQB:USHAF)(FSE:JO0) - on January 19, 2026, Totec Resources Ltd. ("Totec") completed its "Qualifying Transaction" (as such term is defined under TSX Venture Exchange Policy 2.4 - Capital Pool Companies) with Usha, 1540359 B.C. Ltd. ("Subco") and certain shareholders of Subco (the "Investors"), pursuant to which Usha and the Investors sold their respective interests in Subco to Totec (the "Transaction").
The Transaction was completed pursuant to a share purchase agreement dated October 22, 2025, as amended December 10, 2025, among Totec, Usha, Subco and the Investors. The purchase price paid by Totec for the Transaction was an aggregate of 35,500,000 common shares of Totec (the "Common Shares") issued to the shareholders of Subco (5,500,000 of which were issued to Usha and 30,000,000 of which were issued to the Investors) and
Prior to the completion of the Transaction, Usha beneficially owned and controlled nil Common Shares. Upon completion of the Transaction, Usha beneficially owns and controls 5,500,000 Common Shares, representing
Usha may acquire additional securities or dispose of existing securities on the basis of Usha's assessment of market conditions, reformulation of plans and/or other relevant factors, in each case in accordance with applicable securities regulatory requirements.
This disclosure is being made pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers in connection with the filing of an early warning report regarding the Company's acquisition of securities of Totec. A copy of the Usha's early warning report will be available on Totec's profile on SEDAR+ at www.sedarplus.ca.
Contact:
Deepak Varshney
778-899-1780
deepakvarshney101@gmail.com
SOURCE: Usha Resources Ltd.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.