Pace Metals completes RTO with Compton Mining

Executive Summary

• Total Metals Corp. (formerly Pace Metals Ltd.) completed its reverse takeover of Compton Mining Corp., acquiring all outstanding securities and consolidating the entities.
• The transaction includes a 1:1 share exchange, a 2‑for‑1 post‑transaction share consolidation, and the issuance of new TSX‑V ticker “TT” with trading expected around Aug. 18 2025.
• Post‑closing capitalization stands at approximately 29.69 million shares, with multiple escrow and resale restriction arrangements affecting ~15 million shares.

Key Details

• Transaction Structure: Three‑cornered amalgamation under BC law; all Compton securities acquired per definitive agreement dated Mar 26 2025.
• Share Exchange Ratio: 1 Compton common share = 1 Total Metals common share; 1 Compton warrant = 1 replacement warrant (both on a 1:1 basis).
• Private Placement (Pre‑Closing): Compton raised $1,765,000 via non‑brokered placement of 7.06 M units at $0.25/unit (each unit = 1 common share + ½ warrant). Finder’s fee paid: $71,250.
• Name & Symbol Change: Compton will rename to Total Metals Corp.; new TSX‑V ticker “TT”.
• Share Consolidation: 2 existing shares → 1 new share effective Aug 18 2025; pre‑consolidation shares reduced from 4,258,760 to 2,129,380 (excluding transaction issuances).
• Post‑Transaction Shares Outstanding: ~29,689,380 Total Metals common shares.
• CUSIP/ISIN: CUSIP 891957102; ISIN CA8919571023.
• Escrow Arrangements:
• 4.95 M shares under Tier 2 value escrow with Odyssey Trust; releases: 10% at final TSX‑V bulletin, then 15% semi‑annually over 36 months.
• Seed share resale restrictions on 10,696,671 shares; releases: 20% at bulletin, then additional 20% at 3, 6, 9, 12 months.
• Additional voluntary escrows of 36‑month and 4‑month terms as detailed in RTO filing.
• Leadership Post‑Closing:
• Tyler Thorburn – CEO, Director & Corporate Secretary
• Brandon Schwabe – CFO
• Directors: Michael Dehn, Eric Szustak, David Burga
• Operational Focus: Continued exploration of the Electrolode property (NI 43‑101 Technical Report dated Jun 1 2025).

Notable Quotes

“The successful completion of our reverse takeover with Pace Metals marks a pivotal moment for Total Metals. This transaction creates a strong platform for growth and positions us to move forward immediately with exploration of the Electrolode property.” – Tyler Thorburn, CEO & Director.