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Shellron Provides Update

SHLL · Price
Executive Summary
- Shellron Capital Ltd. announces that its common shares will resume trading on the TSX Venture Exchange shortly after terminating its previously announced transaction with SPX Management Ltd.
- The termination was driven by SPX’s failure to pay a non‑refundable deposit of $25,000, which Shellron deems uncollectible; no residual obligations remain.
- The board, led by Chairman Robert Giustra, confirms the company’s intent to move forward without any lingering guarantees or liabilities from the aborted deal.
Key Details
- Resumption of Trading: Shares will resume trading on the TSX‑V “shortly” following a resumption review.
- Termination of SPX Transaction: The previously announced transaction with SPX Management Ltd., disclosed on 28 Jan 2026, is terminated.
- Unpaid Deposit: A $25,000 non‑refundable deposit, contemplated in the amending agreement dated 25 Nov 2025, was not paid by SPX and is considered uncollectible.
- No Residual Obligations: Shellron confirms there are no remaining obligations or guarantees to or from the company related to the terminated transaction.
- Board Sign‑off: Announcement issued on behalf of the Board of Directors by Chairman Robert Giustra.
Notable Quotes
(None provided in the release)