THEMAC Announces Shareholder Approval of Going Private Transaction

Executive Summary

• Shareholders approved the plan of arrangement for THEMAC Resources Group Limited to be acquired by Tulla Resources Group Pty Ltd. at CAD $0.08 per share.
• The approval met both the two‑thirds supermajority and simple majority thresholds required under MI 61‑101, with 95.07% of votes cast in favour.
• The transaction is expected to close in October 2025 pending a final court order; post‑closing, THEMAC’s shares will be delisted from the TSX Venture Exchange.

Key Details

• Shareholder Vote: 70,771,653 shares (89.13% of outstanding) were represented; 95.07% voted for the Arrangement Resolution (56.51% after MI 61‑101 exclusions).
• Consideration: CAD $0.08 per common share to be paid to all shareholders not already owned by the Purchaser.
• Closing Conditions: Subject to receipt of a Final Order from the Yukon Supreme Court on or about October 9, 2025 and satisfaction/waiver of customary closing conditions.
• Expected Completion: Anticipated in October 2025, after which THEMAC’s common shares will be delisted from the TSX Venture Exchange.
• Legal Framework: Arrangement approved under Multilateral Instrument 61‑101 (Protection of Minority Security Holders).

Notable Quotes

(No direct quotes were provided in the release.)