Northwire Canada EditionFriday, October 16, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4178.40 +0.2% SILVER 57.13 −0.0% COPPER 6.56 +0.1% OIL 99.22 +1.3% PALLADIUM 1114.00 −1.3% CCMM 0.520 +7.2% MON 0.385 −6.1% OMI 0.250 +0.0% BUFF 0.800 +2.6% FEO 0.640 −1.5% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% BVA 0.770 +1.3% ONAU 0.520 +0.0% FMR 0.225 +0.0% GSVR 0.345 +1.5% PHNM 0.345 +1.5% SLG 5.62 −1.6% CASA 0.060 +0.0% DRY 0.220 +2.3% GOLD 4178.40 +0.2% SILVER 57.13 −0.0% COPPER 6.56 +0.1% OIL 99.22 +1.3% PALLADIUM 1114.00 −1.3% CCMM 0.520 +7.2% MON 0.385 −6.1% OMI 0.250 +0.0% BUFF 0.800 +2.6% FEO 0.640 −1.5% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% BVA 0.770 +1.3% ONAU 0.520 +0.0% FMR 0.225 +0.0% GSVR 0.345 +1.5% PHNM 0.345 +1.5% SLG 5.62 −1.6% CASA 0.060 +0.0% DRY 0.220 +2.3%
M&A / Property

Leonovus Terminates Share Purchase Agreement

By The Northwire Desk — AI Analysis Dec 03, 2025 · 07:30 LTV · 0.04 Leonovus Inc.
LTV · Price

Executive Summary

  • Leonovus Inc. terminated its amended and restated share purchase agreement with Wellfield Technologies Inc., ending the proposed acquisition of Wellfield’s subsidiary, Tradewind Markets Inc.
  • The transaction would have been treated as a reverse takeover on the TSX Venture Exchange; its cancellation removes that potential corporate restructuring.
  • Leonovus indicated that additional business updates will be provided in the near future.

Key Details

  • Agreement terminated: Amended and restated Share Purchase Agreement dated September 21, 2025 between Leonovus Inc. and Wellfield Technologies Inc.
  • Target of acquisition: Tradewind Markets Inc., a subsidiary of Wellfield Technologies Inc.
  • Transaction nature: Would have been considered a reverse takeover under TSX Venture Exchange policies.
  • Termination impact: No longer proceeding with the proposed acquisition; potential effects on Leonovus’s growth strategy and capital structure remain uncertain.
  • Future communications: Leonovus will issue further business updates shortly.

Notable Quotes

  • “Leonovus will provide further business updates in the near future.” – Michael Gaffney, Chair and CEO, Leonovus Inc.
Read the original news release →

More from Leonovus Inc.

Apr 23, 2026 · 09:00

Leonovus Secures Financing Amid Trading Halt as Regulatory Approval Looms for Digital Exchange

Financings Jan 08, 2026 · 20:18

LeoNovus continues talks for precious metals exchange

M&A / Property Jan 08, 2026 · 14:47

Leonovus Provides Business Update on Precious Metals Exchange Development

Regulatory Dec 03, 2025 · 16:41

LeoNovus cancels share purchase deal with Wellfield

M&A / Property