Iocaste Ventures and TenX Protocols Announce TSXV Conditional Acceptance and Filing of Filing Statement

Executive Summary

• Iocaste Ventures Inc. and TenX Protocols Inc. received conditional acceptance from the TSX Venture Exchange to close their previously‑announced qualifying transaction.
• The transaction will be completed via a three‑cornered amalgamation, resulting in a reverse takeover of Iocaste by TenX shareholders; the combined entity is expected to operate under the name “TenX Protocols Inc.” and trade on the TSXV as “TNX”.
• Closing is anticipated on or about December 2 2025, subject to regulatory approvals and customary closing conditions.

Key Details

• Conditional Acceptance: Received from the TSX Venture Exchange for the Qualifying Transaction (filed 25 Nov 2025).
• Transaction Structure: Three‑cornered amalgamation under the Ontario Business Corporations Act involving Iocaste Ventures Inc., TenX Protocols Inc., and a wholly‑owned subsidiary of Iocaste created solely for the amalgamation.
• Reverse Takeover Mechanics: TenX shareholders will acquire control; post‑amalgamation, the resulting issuer will continue TenX’s business under the name “TenX Protocols Inc.” (or another acceptable name).
• Business Focus of Resulting Issuer: Vertically integrated digital asset staking platform—including in‑house validator operations and a forthcoming third‑party staking platform.
• Ticker Symbol: Anticipated TSXV ticker “TNX” for the resulting issuer’s common shares shortly after closing.
• Closing Timeline: Expected on or about 2 December 2025, subject to receipt of all required regulatory approvals (including final TSXV acceptance) and satisfaction of customary closing conditions.
• Regulatory Filings: Filing Statement dated 25 Nov 2025 filed with SEDAR+; available under Iocaste’s issuer profile.
• Forward‑Looking Statements: Release contains extensive forward‑looking language regarding timing, regulatory approvals, business focus, and ticker symbol; actual results may differ materially.

Notable Quotes

• Lorne Sugarman, President & CEO of Iocaste Ventures Inc.: “We are pleased to have received conditional acceptance from the TSXV and look forward to completing a transaction that will position the combined company at the forefront of digital asset staking.”
• Mateusz Cybula, CEO & Director of TenX Protocols Inc.: “This amalgamation creates a powerful platform for staking services and aligns our growth strategy with the evolving needs of crypto investors.”