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S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
M&A / Property

Blackbird Critical Metals Corp. Announces Conditional Approval of Fundamental Change

By The Northwire Desk — AI Analysis Oct 29, 2025 · 15:25 BBRD · 0.2 Blackbird Critical Metals Corp.
BBRD · Price

Executive Summary

  • Blackbird Critical Metals Corp. received conditional CSE approval and shareholder consent to acquire 100% of Lir Life Sciences Inc., issuing 22,312,678 Blackbird shares to Lir shareholders.
  • Prior to closing, Blackbird will consolidate its common shares on a 1.5‑for‑1 basis, reducing outstanding shares from ~7.76 M to ~5.18 M effective November 3, 2025.
  • Concurrent financing includes a private placement of 3,050,270 subscription receipts at $0.35 each ($1.07 M gross) and settlement of $109,343 debt by issuing 312,408 Lir shares.

Key Details

  • Acquisition Structure: Blackbird will issue 22,312,678 post‑consolidation common shares to Lir Life Sciences shareholders in exchange for all outstanding Lir shares.
  • Share Consolidation: 1.5 Blackbird shares → 1 post‑consolidation share; record date October 31, 2025; effective November 3, 2025. Post‑consolidation outstanding Blackbird shares ≈ 5,175,275 (rounded).
  • New Issuer Identity: After closing, the combined entity will be listed on the CSE as “Lir Life Sciences Corp.” with new CUSIP 50206C100 and ISIN CA50206C1005.
  • Transaction Fee: Back Office Inc. to receive a fee equal to 2% of the transaction value, payable in 379,000 Resulting Issuer shares (four‑month hold period).
  • Concurrent Financing – Private Placement:
  • 3,050,270 subscription receipts @ $0.35 each → gross proceeds $1,067,594.50.
  • Each receipt automatically converts to one Lir share immediately prior to closing.
  • Resulting Issuer shares from this conversion subject to a voluntary four‑month hold period.
  • Debt Settlement: $109,343 of outstanding debt settled by issuing 312,408 Lir shares at a deemed price of $0.35 per share; these shares will be exchanged for Resulting Issuer shares at closing.
  • Trading Halt: Blackbird shares remain halted pending completion of the acquisition, consolidation, and final CSE listing approval. Anticipated post‑consolidation ticker: “SKNY”.
  • Regulatory Conditions: Completion subject to CSE acceptance, shareholder approvals, and other customary conditions precedent outlined in the Purchase Agreement.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →