Greencastle Announces Closing of Acquisition of Common Shares of Royal Uranium

Executive Summary

• Greencastle Resources completed the acquisition of 500,000 common shares of Royal Uranium Inc., issuing 3.5 million its own common shares as consideration (valued at $175,000).
• The transaction expands Greencastle’s portfolio to include uranium royalties in the Athabasca Basin and Colombia, plus oil‑and‑gas royalties in Wyoming, Oklahoma, and a coal‑bed methane royalty in Alberta.
• Consideration shares are subject to a four‑month‑plus statutory hold period, with trading expected on the TSX Venture Exchange after April 6 2026.

Key Details

• Acquisition target: 500,000 common shares of Royal Uranium Inc. (no prior holdings).
• Consideration issued: 3,500,000 Greencastle common shares at a deemed price of $0.05 per share, total deemed value $175,000; no cash paid.
• Strategic rationale: Provides exposure to uranium and oil‑and‑gas assets, diversifying Greencastle’s resource portfolio. Royal Uranium holds 18 uranium royalties (Athabasca Basin, Newfoundland, Berlin Project in Colombia) and gas royalties in Wyoming & Oklahoma, plus a revenue‑generating coal‑bed methane royalty in Alberta.
• Closing conditions: All corporate approvals obtained; TSX Venture Exchange acceptance pending for share issuance.
• Statutory hold period: Shares subject to a four‑month‑and‑one‑day hold, expiring April 6 2026; expected listing on TSXV thereafter.
• Arm’s‑length transaction: Vendor is unrelated; no finder's fees or commissions paid; not a related‑party transaction under MI 61‑101.

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.” – Anthony Roodenburg, CEO, Greencastle Resources Ltd.