Linear, Westlinear complete plan of arrangement

Executive Summary

• Linear Minerals Corp. completed the statutory arrangement with Westlinear Minerals Corp. on November 28, 2025, following shareholder and court approvals in late October 2025.
• As part of the transaction, Linear shareholders received one share of Westlinear (Spinco) for every 10 Linear shares held, and Linear transferred its Pontax West lithium property assets in Quebec to Westlinear.
• Linear Minerals retained its working capital, remains listed on the Canadian Securities Exchange under the symbol "Linear," and continues as a reporting issuer, while Westlinear became a reporting issuer in BC, Alberta, and Ontario.

Key Details

• Transaction Completion Date: November 28, 2025.
• Share Exchange Ratio: Linear shareholders received one Spinco share (Westlinear) for every 10 common shares of Linear held as of the record date of November 25, 2025.
• Total Shares Distributed: A total of 6,833,452 common shares of Westlinear were distributed to Linear shareholders.
• Asset Transfer: Linear transferred the Pontax West lithium property assets in Quebec to Westlinear.
• Listing Status:
  • Linear Minerals remains listed on the Canadian Securities Exchange, trading under the symbol "Linear."
  • Westlinear became a reporting issuer in British Columbia, Alberta, and Ontario.
• Corporate Structure: Linear retained its working capital and continues to operate as a junior exploration company.
• Marketing Agreement: Linear signed an agreement for a three-month European advertising and investor awareness campaign with Aktiencheck.de AG and Stefan Lindam.
  • Campaign Start Date: December 1, 2025.
  • Duration: Up to three months.
  • Cost: Initial cost of 25,000 euros; company may elect to extend.
  • Consideration: No shares or options are issuable to the marketing firm or its principal.
  • Counterparty Status: Arm's-length parties with no present or intended interest in Linear Minerals.

Notable Quotes

• None explicitly quoted in the text provided.