Northwire Canada EditionMonday, November 2, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,911.90 +0.3% Silver 50.19 +1.9% Copper 6.51 +0.5% Oil 99.49 −4.5% Palladium 969.00 −1.9% SUM 1.27 −3.8% OSM 0.035 +0.0% TGOL 0.140 +0.0% RVG 0.630 −11.3% DNG 5.15 −1.1% TKO 10.30 −6.6% EML 0.105 +0.0% GSKR 2.50 −4.6% DEC 0.100 −4.8% AUXX 5.24 −6.3% RBZ 0.350 +16.7% ARIC 0.650 −3.0% GSP 0.130 +8.3% NVT 0.040 +0.0% GPH 0.760 −3.8% ARA 2.34 −7.9% Gold 3,911.90 +0.3% Silver 50.19 +1.9% Copper 6.51 +0.5% Oil 99.49 −4.5% Palladium 969.00 −1.9% SUM 1.27 −3.8% OSM 0.035 +0.0% TGOL 0.140 +0.0% RVG 0.630 −11.3% DNG 5.15 −1.1% TKO 10.30 −6.6% EML 0.105 +0.0% GSKR 2.50 −4.6% DEC 0.100 −4.8% AUXX 5.24 −6.3% RBZ 0.350 +16.7% ARIC 0.650 −3.0% GSP 0.130 +8.3% NVT 0.040 +0.0% GPH 0.760 −3.8% ARA 2.34 −7.9%
M&A / Property

Bocana Resources Corp. provides an Update on the Proposed Transaction with London Gold LLC

By The Northwire Desk — AI Analysis Nov 02, 2026 · 07:00 BOCA · 0.075 Bocana Resources Corp.
BOCA · Price

Bocana Resources Corp. (BOCA) has entered into an amended and restated term sheet with London Gold LLC, modifying the terms of the previously announced proposed acquisition by a newly formed entity, referred to as "NewCo." The amendment, executed on November 1, 2026, increases the initial capital payment to Bocana from US$1,230,000 to US$2,000,000. These funds are intended to secure deposits for several prospective mining projects, provide working capital to Bocana, and fund due diligence reviews of each project.

The deadline to finalize a definitive agreement has been extended to December 31, 2026. London Gold LLC is required to provide the initial capital on or before this date. The extension is attributed to delays in NewCo's listing on the Nasdaq Stock Market and the associated secondary funding, which has not yet been secured. London Gold continues to pursue listing arrangements to facilitate the transaction.

The proposed transaction involves the acquisition of all issued and outstanding shares of Bocana Resources Corp. by NewCo, a newly formed entity controlled by London Gold LLC that is expected to be listed on Nasdaq. The original term sheet, announced on July 20, 2026, has been superseded by the Amended Term Sheet.

As of the release date, no definitive agreement governing the acquisition has been finalized or executed. Bocana Resources Corp. stated, "The Company further clarifies that no definitive agreement governing the acquisition has been finalized or executed as of this date, and there is no assurance that a transaction will be completed on the terms previously disclosed, or at all."

Trading in Bocana's common shares remains halted pending the execution of a definitive agreement and subsequent regulatory review by the TSX Venture Exchange (TSXV). Reinstatement of trading is subject to TSXV approval.

Read the original news release →

More from Bocana Resources Corp.

Oct 01, 2026 · 12:05

Bocana Resources Corp. Provides a Corporate Update on Various Projects Currently Underway

M&A / Property Jul 20, 2026 · 07:00

Bocana agrees to a US$25 million takeover by London Gold, pivoting to the Nasdaq stock exchange.

M&A / Property Apr 21, 2026 · 07:30

Bocana Resources Corp.

M&A / Property Feb 20, 2026 · 19:35

Bocana extends LOI on Arizona mining claims

M&A / Property Feb 20, 2026 · 18:45

Bocana Resources Corp. Extends Letter of Intent on Arizona Mining Claims for Additional Bulk Testing and Assay Review

Drill Results Jan 21, 2026 · 03:37

Bocana receives 30-day extension for LP Associates LOI

M&A / Property