Rok Resources shareholders approve go-private deal

Executive Summary

• Rok Resources Inc. shareholders approved the previously announced plan of arrangement and go-private transaction with Blue Alaska Oil Trading LLC at a special meeting on December 10, 2025.
• The transaction involves the purchaser (17312539 Canada Inc., a subsidiary of Blue Alaska) and SpinCo (102220885 Saskatchewan Ltd.), which will retain EMP Metals Corp. shares previously owned by Rok.
• Following shareholder approval, the company awaits a final court order from the Court of King's Bench of Saskatchewan scheduled for December 16, 2025, with a target closing date on or before January 16, 2026.

Key Details

• Shareholder Vote Results: The resolution was approved by 94.8% of votes cast.
• Minority Approval: The requisite majority of minority approval was obtained after excluding votes from certain shareholders as required under Multilateral Instrument 61-101.
• Voting Participation: A total of 116,589,685 shares were voted, representing approximately 53.52% of the issued and outstanding shares.
• Transaction Structure:
  • Purchaser: 17312539 Canada Inc., a wholly owned subsidiary of Blue Alaska Oil Trading LLC.
  • SpinCo: 102220885 Saskatchewan Ltd., a newly formed company that will retain the shares of EMP Metals Corp.
• Regulatory and Court Timeline:
  • Court Hearing: Application for final court order to be heard on December 16, 2025.
  • Closing Conditions: Subject to final court order, TSX Venture Exchange approvals, and other customary regulatory approvals.
  • Expected Closing: On or before January 16, 2026.
• Post-Closing Status: Rok's common shares are expected to be delisted from the TSX Venture Exchange. The company intends to apply to cease being a reporting issuer in Alberta, British Columbia, Ontario, and Saskatchewan.

Notable Quotes

• No direct quotes from executives were included in the provided text.