Northwire Canada EditionThursday, July 16, 2026
Northwire
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M&A / Property Neutral

Greencastle Announces Acquisition of Common Shares of Future Fuels Inc.

VGN · Price

Executive Summary

  • Greencastle Resources Ltd. has entered into a share purchase agreement to acquire 500,000 common shares of Future Fuels Inc. (TSXV: FTUR) from an arm's length third party.
  • The acquisition is intended for investment purposes to gain exposure to potential commodity-cycle upside within the resource sector.
  • The transaction will be completed entirely through the issuance of Greencastle shares, with no cash consideration required.

Key Details

  • Target Asset: 500,000 common shares of Future Fuels Inc. (TSXV: FTUR).
  • Existing Position: Prior to this acquisition, Greencastle held 480,000 common shares of Future Fuels.
  • Consideration: Issuance of 4,600,000 Greencastle common shares from treasury.
  • Deemed Value: The Consideration Shares are valued at a deemed price of $0.05 per share, for an aggregate deemed value of $230,000.
  • Cash Component: No cash consideration is payable.
  • Hold Period: Consideration Shares are subject to a statutory hold period of four months and one day from the date of issuance.
  • Closing Conditions: Subject to customary conditions, including corporate approvals and TSX Venture Exchange (TSXV) acceptance for the share issuance.
  • Vendor Terms: The vendor is an arm's length third party; no finder's fees or commissions are payable in connection with the acquisition.
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