BLUE ANT ANNOUNCES RECEIPT OF COMPETITION BUREAU APPROVAL AND FINAL COURT APPROVAL FOR ACQUISITION OF THUNDERBIRD ENTERTAINMENT

Executive Summary

• Blue Ant Media received final Supreme Court of British Columbia order approving its plan of arrangement to acquire all outstanding shares of Thunderbird Entertainment.
• The Competition Bureau issued a no‑action letter, satisfying the competition‑act condition of the Arrangement.
• Completion of the transaction is expected later this month, subject to customary closing conditions.

Key Details

• Final Court Approval: Supreme Court of British Columbia issued the final order required before closing the Arrangement under the Business Corporations Act (BC).
• Competition Bureau Clearance: Received a no‑action letter confirming that the transaction meets Competition Act requirements.
• Transaction Structure: Under the Arrangement, Blue Ant will acquire 100% of Thunderbird’s outstanding shares; the deal is being executed as a plan of arrangement rather than a straight share purchase.
• Closing Timeline: Anticipated to close within January 2026, pending satisfaction of customary closing conditions.
• CEO Comment: “We are pleased to cross two additional milestones on our path to acquiring Thunderbird… we look forward to completing the transaction and together scaling Blue Ant for its next phase of growth.” – Michael MacMillan, CEO, Blue Ant.

Notable Quotes

• “We are pleased to cross two additional milestones on our path to acquiring Thunderbird,” said Michael MacMillan, CEO of Blue Ant.
• “We look forward to completing the transaction and together scaling Blue Ant for its next phase of growth.” – Michael MacMillan.