Regulatory
Lode Gold Receives Conditional Approval from Exchange; Listing January 2026

LOD · Price
Executive Summary
- Lode Gold Resources Inc. received conditional approval from the Canadian Stock Exchange (CSE) to list its subsidiary, Gold Orogen (1475039 B.C. Ltd.), with an effective listing date expected in January 2026.
- Existing Lode Gold shareholders will receive a tax‑free distribution of 0.5739 shares of Gold Orogen for each Lode Gold share held as of the day before the Effective Date, creating two independent public companies.
- The spin‑out follows a joint‑venture partnership with Fancamp Exploration Ltd., which contributed $3.5 M (US$) to fund the listing and expand the New Brunswick land package to 445 km².
Key Details
- Conditional CSE Approval: Listing of Gold Orogen on the CSE is slated for January 2026; trading expected 3‑5 business days after the Effective Date.
- Share Distribution Ratio: 0.5739 Gold Orogen shares per Lode Gold share (tax‑free) to shareholders recorded as of the day before the Effective Date.
- Ticker Symbol: “OROG” for Gold Orogen on the CSE.
- Reverse Take‑Over Structure: Gold Orogen will be listed via an RTO of existing CSE‑listed Great Republic Mining (CSE:GRM).
- Funding Contributions (August 2025):
- Fancamp Exploration Ltd. invested $3.5 M, with $3 M allocated to Gold Orogen and $0.5 M to Lode Gold for the CSE listing expenses.
- Joint‑Venture Formation (Oct 2024):
- Fancamp acquired a 19.9 % equity stake, forming Acadian Gold Corp., creating one of the largest land packages in New Brunswick (445 km²).
- Asset Overview – Gold Orogen:
- Early‑stage exploration assets in Yukon and New Brunswick.
- New Brunswick: McIntyre Brook & Riley Brook properties on a prolific gold belt surrounded by Kinross‑Puma projects.
- Yukon: Golden Culvert/WIN project on the southern Tombstone Belt with >4,500 m drilled and notable 50 g·m intercepts.
- Strategic Rationale: The spin‑out is intended to “unlock shareholder value” by establishing two standalone companies with distinct growth trajectories—Lode Gold focusing on brownfield projects (e.g., Fremont Gold in California) and Gold Orogen as a pure‑play exploration vehicle.
Notable Quotes
- Wendy T. Chan, CEO & Director: “The listing of Gold Orogen on the CSE presents a unique and compelling opportunity to unlock shareholder value by creating two standalone companies with clear growth trajectories.”
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Jul 22, 2026 · 18:33