Torchlight Innovations closes QT, changes symbol

Executive Summary

• Torchlight Innovations Inc. (RZOLV Technologies Inc.) will begin trading on the TSX‑Venture Exchange on Oct 22, 2025 under ticker “RZL” following completion of its qualifying transaction with Innovation Mining Inc.
• The company entered a 12‑month investor‑relations services agreement with Market One Media Group Inc., paying a fee of $105,000 (incl. GST).
• Early‑warning disclosure reveals the acquiror now controls ~12 % of the company’s common shares and options post‑transaction.

Key Details

• Listing Date & Symbol: Common shares commence trading on TSX‑Venture Exchange Wednesday, Oct 22 2025; ticker symbol RZL.
• Qualifying Transaction: Completion with Innovation Mining Inc.; refer to prior releases (Apr 11, Sep 22, Oct 8, Oct 14 2025) for transaction specifics.
• Name Reservation Issue: Ongoing government job action delays name reservation; company will continue using “Torchlight Innovations (RZOLV Technologies)” until a change is possible.
• Investor Relations Agreement:
• Effective date: Aug 26 2025.
• Service provider: Market One Media Group Inc. (Canada/US).
• Term: 12 months from listing date.
• Fee: $105,000 inclusive of GST for interviews, editorial content, and video services.
• Early Warning Disclosure:
• Prior to transaction, Duane Nelson owned no shares/options.
• Post‑transaction, the acquiror (Nelson) controls 7,463,023 common shares and 310,959 stock options, representing 12.09 % of non‑diluted outstanding shares and 12.53 % on a partially diluted basis.
• No current plans to acquire/dispose additional securities, but future actions may occur based on market conditions.
• Regulatory Compliance: Disclosure made pursuant to NI 62‑103 (Early Warning System).

Notable Quotes

(No direct quotes were provided in the release.)