Greencastle closes acquisition of Royal Uranium shares

Executive Summary

• Greencastle Resources Ltd. has closed its acquisition of 500,000 common shares in Royal Uranium Inc. from an arm's-length third party.
• The transaction was settled via the issuance of 3.5 million common shares from Greencastle's treasury, valued at $175,000, with no cash consideration paid.
• The acquisition is intended to provide Greencastle with leverage to the uranium and oil & gas commodity cycles through Royal Uranium's portfolio of royalties.

Key Details

• Target: Royal Uranium Inc.
• Asset Acquired: 500,000 common shares in the capital of Royal Uranium Inc.
• Consideration: 3.5 million common shares issued from Greencastle's treasury.
• Valuation: Deemed price of $0.05 per share; aggregate deemed value of $175,000.
• Cash Component: None.
• Vendor Status: Arm's-length third party; no related party transaction.
• Fees: No finders' fees or commissions paid.
• Regulatory Status: Closed following receipt of all necessary corporate approvals and acceptance by the TSX Venture Exchange for the issuance of consideration shares.
• Share Restrictions: Consideration shares are subject to a statutory hold period of four months and one day from issuance, expiring on April 6, 2026.
• Listing: Consideration shares expected to be listed on the TSX Venture Exchange upon expiry of the hold period, subject to acceptance and compliance.
• Strategic Rationale: Investment purposes; consistent with strategy to pursue selective positions in prospective resource companies.
• Target Portfolio Details:
  • 18 uranium royalties across the Athabasca basin and Newfoundland.
  • Advanced-stage Berlin project in Colombia.
  • Gas royalties in Wyoming and Oklahoma.
  • Revenue-generating coal bed methane gas royalty in Alberta.

Notable Quotes

• "The acquisition was completed for investment purposes and is consistent with the company's strategy to pursue selective positions in prospective resource companies and projects."
• "The company believes that Royal Uranium's exposure to uranium and oil and gas opportunities offers attractive leverage to the commodity cycle and complements the company's broader portfolio focus."