M&A / Property

Cross River Announces Business Combination with Scotia Lithium

By The Northwire Desk — AI Analysis Jan 30, 2026 · 14:39 CRVC · 0.005 Cross River Ventures Corp.

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Cross River Ventures Corp. entered into a definitive Business Combination Agreement to acquire all shares of Scotia Lithium Corp., making it the largest tenement holder for lithium and critical metals in Nova Scotia.
The transaction will be completed via a 30‑for‑1 share consolidation, a name change to “Scotia Metals Corp.”, concurrent private‑placement financings (flow‑through and non‑flow‑through shares), and a re‑constitution of senior management.
Closing is expected in April 2026 pending regulatory and shareholder approvals; trading of the company’s common shares has been halted pending CSE review.

Transaction Structure: Acquisition of 100% of Scotia Lithium’s issued and outstanding shares in exchange for one post‑consolidation Common Share per Scotia Lithium share.
Share Consolidation: Existing Common Shares will be consolidated on a 30 : 1 basis prior to the acquisition.
Name Change: Upon completion, Cross River Ventures Corp. will rename itself “Scotia Metals Corp.”
Concurrent Financings:
FT Share Financing: Private placement of flow‑through shares (post‑consolidation).
Non‑FT Share Financing: Private placement of non‑flow‑through post‑consolidation Common Shares.
Management Re‑Constitution: New senior team – Rodrigo Roso (CEO & Director), Nick Rowley (President & Director), Alan Sye (CFO & Corporate Secretary), James Abson (VP Exploration), Brian Talbot (Chairman & Director), Darryl Cardey (Director), Shawn Khunkhun (Director).
Finder’s Fee: 485,714 post‑consolidation Common Shares to be issued as a finder’s fee to an arm’s‑length party.
Regulatory/Shareholder Approvals: Transaction subject to CSE acceptance, shareholder approval of consolidation and management changes at the annual general meeting scheduled for March 24 2026.
Closing Timeline: Anticipated closing in April 2026, contingent on satisfaction or waiver of customary conditions precedent.
Trading Halt: Common Shares trading halted pending CSE review of the transaction.

“This combination positions us as the premier lithium and critical metals explorer in Nova Scotia, creating significant strategic value for our shareholders.” – Sam Wong, CEO, Cross River Ventures Corp.

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