Roxmore Resources and Taura Gold Complete Previously Announced Plan of Arrangement
None
On November 20, 2025, Roxmore Resources Inc. (formerly Axcap Ventures Inc.) announced the completion of its plan of arrangement to acquire all outstanding common shares of Taura Gold Inc. As a result, Taura has become a wholly-owned subsidiary of Roxmore. This follows a 10-for-1 share consolidation and name change from Axcap to Roxmore, effective November 19, 2025. Former Taura shareholders received 0.2 post-consolidation Roxmore shares for each Taura share held. CEO John Dorward stated the company is now focused on delivering a Preliminary Economic Analysis (PEA) for its flagship Converse Gold Project.
This news is the final administrative step in a much larger, material transaction that was first announced on September 8, 2025. The truly transformative events were the initial deal announcement, the installation of a new, experienced management team (ex-Roxgold), the acquisition of the Converse Gold Project, and the closing of a C$12.5 million financing on September 23, 2025.
The market reacted positively to these earlier announcements, with Taura's stock price increasing from $0.19 to a high of $0.37. The shareholder approval on November 14 made the final closing a high-probability event that was largely priced in.
Therefore, the completion of the arrangement is a positive and necessary final step, but it is routine in nature. It removes the final uncertainty and allows the new management team to execute its strategy. The impact is neutral to slightly positive, as it officially marks the beginning of the new company's focus on advancing its key asset. It does not introduce new information that would materially change the company's valuation today.
Roxmore Resources Inc. is a Canadian gold exploration and development company formed through the reverse takeover of Taura Gold Inc. by Axcap Ventures Inc. The company's focus is on advancing its flagship asset, the Converse Gold Project.
- Flagship Project (Converse): Located on the Battle Mountain trend in Nevada, USA, a world-class mining jurisdiction. It is a large, bulk-tonnage project with an NI 43-101 compliant Mineral Resource Estimate (effective Feb 13, 2025) of:
- Measured & Indicated: 5.57 million ounces of gold (330.1 million tonnes at 0.53 g/t Au).
- Inferred: 0.42 million ounces of gold (24.8 million tonnes at 0.53 g/t Au).
- The project is envisioned as a low-cost, open-pit, heap-leach operation. It has existing infrastructure, including grid power access and water rights.
- Secondary Project (Shabu): Inherited from Taura Gold, this is an exploration-stage gold project in the Red Lake Mining District of Ontario, Canada. This is now a non-core asset.