Linear Minerals sets share distribution record date

Executive Summary

• Linear Minerals Corp. has established the share distribution record date of November 25, 2025, and the completion date of November 28, 2025, for its plan of arrangement with Westlinear Minerals Corp.
• Under the arrangement, Linear shareholders will receive one share of Westlinear Minerals for every 10 shares of Linear held on the record date.
• The transaction involves the transfer of the Pontax West lithium property to Westlinear, which will become a reporting issuer in British Columbia, Alberta, and Ontario.

Key Details

• Record Date: November 25, 2025.
• Share Issuance/Completion Date: November 28, 2025.
• Exchange Ratio: One (1) share of Westlinear Minerals for every ten (10) shares of Linear Minerals held on the record date.
• Option/Warrant Holders: Holders of Linear options and warrants who exercise their rights before the record date are entitled to receive one share of Westlinear for every 10 shares of Linear underlying the exercised instruments.
• Asset Transfer: The Pontax West lithium property will be transferred to Westlinear upon completion of the arrangement.
• Regulatory Status: Westlinear will become a reporting issuer in British Columbia, Alberta, and Ontario.
• Listing Status: Westlinear may apply for listing on a securities exchange in the future, but there is no guarantee of listing.
• Approvals:
  • Shareholder approval obtained on October 22, 2025.
  • Supreme Court of British Columbia approval obtained on October 29, 2025.
• Reference Documents: Additional details are available in the information circular dated August 28, 2025, filed on SEDAR+.

Notable Quotes

• None provided in the text.