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Other

Linear Minerals Corp. Announces Share Distribution Record Date and the Share Issuance Date Regarding the Plan of Arrangement

By The Northwire Desk — AI Analysis Nov 06, 2025 · 05:00 LINE · 0.05 Linear Minerals Corp.
LINE · Price

Executive Summary

  • Linear Minerals Corp. announced the record date (Nov 25, 2025) for its share distribution under a Plan of Arrangement with Westlinear Minerals Corp., issuing one Westlinear share for every ten Linear shares held.
  • The Arrangement will be completed on Nov 28, 2025, at which time Linear shareholders will receive Westlinear shares and the Pontax West Lithium Property will be transferred to Westlinear.
  • The Arrangement received shareholder approval on Oct 22, 2025 and court approval on Oct 29, 2025; Westlinear will become a reporting issuer in multiple provinces and may seek a securities‑exchange listing.

Key Details

  • Record Date: November 25, 2025 – determines eligibility for the share distribution.
  • Distribution Ratio: 1 Westlinear share per 10 Linear shares owned on the record date.
  • Completion Date: November 28, 2025 – final transfer of Westlinear shares and Pontax West Lithium Property to Westlinear.
  • Options/Warrants: Holders who exercise options or warrants before the record date receive the same 1‑for‑10 share allocation.
  • Approvals: Arrangement approved by Linear shareholders (Oct 22, 2025) and by the Supreme Court of British Columbia (Oct 29, 2025).
  • Future Status of Westlinear: Will become a reporting issuer in BC, Alberta, and Ontario; may apply for exchange listing (no guarantee of listing).
  • Reference Documents: Additional details are in Linear’s information circular dated August 28, 2025, available on SEDAR.

Notable Quotes

“Gurminder Sangha – CEO, Director” (on behalf of the board)

The release contains forward‑looking statements and standard risk disclosures.

Read the original news release →

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