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VTen Announces Conditional TSXV Acceptance for Qualifying Transaction

By The Northwire Desk — AI Analysis Feb 20, 2026 · 18:16 VTEN · 0.13 V Ten Metals Corp.

VTEN · Price

V Ten Capital Corp. received conditional acceptance from the TSX Venture Exchange to close its acquisition of 100 % of TEX, gaining four exploration licences covering 1,237 km² in Australia’s Northern Territory.
The company will simultaneously complete a non‑brokered private placement of up to 10,520,000 units at $0.25 per unit, targeting gross proceeds of $2.63 million; each unit includes one common share and one warrant exercisable at $0.40 for 24 months.
Both the acquisition and the private placement are slated to close on February 27, 2026, subject to final Exchange approval and customary closing conditions.

Transaction Structure: Acquisition of TEX in exchange for 8,000,000 V Ten common shares; results in 100 % ownership of four semi‑contiguous exploration licences (EL 23848, EL 31402, EL 23874, EL 23875).
Exploration Property Size: Approximately 1,237 km² in the Northern Territory, Australia.
Private Placement Terms:
Maximum units: 10,520,000
Price per unit: $0.25
Gross proceeds target: $2,630,000
Unit composition: 1 common share + 1 warrant (exercise price $0.40, exercisable for 24 months).
Closing Timeline: Both the acquisition and private placement expected to close concurrently on February 27, 2026, pending final Exchange approval and standard conditions precedent.
Regulatory Filings: A filing statement dated February 17, 2026 and an NI 43‑101 technical report (effective September 29, 2025) are available on SEDAR+. The filing includes detailed financial statements of TEX and pro‑forma statements for the resulting issuer.
Resale Restrictions: All securities issued will be subject to voluntary contractual resale restrictions plus a statutory hold period of four months and one day.
Qualifying Transaction: The acquisition qualifies as a “Qualifying Transaction” under TSX Venture Exchange Policy 2.4 for Capital Pool Companies.

(No direct quotes were provided in the release.)

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