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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Financings Routine +

ICWHY Capital signs LOI to acquire 1455020 B.C.

Micro-cap explorer pivots to active development via LOI and $725K capital raise

By The Northwire Desk — AI Analysis Jun 24, 2026 · 23:02 ICWY · 0.01 ICWHY Capital Ventures Inc
Executive Summary
  • ICWHY Capital Ventures Inc. has entered into a non-binding LOI to acquire 1455020 B.C. Ltd. (145) via a three-cornered amalgamation.
  • The transaction triggers a 0.635:1 share consolidation, a corporate name change, and a complete board reconstitution with 145 nominees.
  • Concurrent private placements will raise up to $725,000 CAD in gross proceeds across two tranches.
  • Proceeds will fund transaction expenses, general working capital, and mineral exploration for the Chu Chua North project in British Columbia.
  • Trading in ICWHY common shares remains halted pending TSX-V regulatory filings and final documentation.
Material Impact
  • The acquisition introduces a new exploration asset (Chu Chua North option) to the balance sheet, transitioning the company from a pre-revenue shell to an active junior explorer.
  • The $725,000 financing is highly material relative to the current ~$63,000 market capitalization, providing immediate liquidity for corporate development and exploration.
  • The 0.635:1 share consolidation will reduce the outstanding share count, potentially improving per-share metrics and helping the company meet TSX-V listing requirements.
  • As a non-binding LOI, execution risk remains elevated until definitive agreements are signed, shareholder approvals are obtained, and regulatory hurdles are cleared.
ICWY · Price
Company Overview
  • ICWHY Capital Ventures Inc. is a micro-cap junior mining company listed on the TSX-V.
  • Historically, the company has operated as a pre-revenue entity with minimal operational activity and negligible revenue.
  • The proposed acquisition of 1455020 B.C. Ltd. will transition the company into an active mineral exploration stage, focusing on the Chu Chua North project in British Columbia.
  • The transaction involves a complete management overhaul, with 145 nominees taking control of the board and executive roles.
Read the original news release →