Northwire Canada EditionSunday, July 12, 2026
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M&A / Property Routine +

Bettermoo(d) Announces Definitive Agreement With 1535184 B.C. LTD.

MOOO · Price

Executive Summary

  • Bettermoo(d) Food Corporation entered into a definitive share‑exchange agreement to acquire 100 % of 1535184 B.C. Ltd., making the transaction a “Fundamental Change” under CSE rules.
  • The deal will issue 25,075,100 Bettermoo(d) common shares and 15,024,999 common share purchase warrants to the sellers on a one‑for‑one basis; completion is expected by June 30 2026, subject to customary conditions including a concurrent $3 M financing.
  • Upon closing, 1535184 B.C. Ltd. will become a wholly‑owned subsidiary of Bettermoo(d) and, through it, Defence Xccelerator Group Inc. (DXG) will become an indirect wholly‑owned subsidiary; new senior leadership is proposed (John Holden as CEO, Cameron Chell to the board).

Key Details

  • Transaction Structure:
  • Bettermoo(d) to issue 25,075,100 common shares and 15,024,999 common share purchase warrants in exchange for all issued & outstanding shares and warrants of 1535184 B.C. Ltd., on a one‑for‑one basis.

  • Concurrent Financing:

  • Completion conditioned on Bettermoo(d) securing at least $3 million of financing (details to be disclosed later).

  • Related DXG Acquisition:

  • 1535184 B.C. Ltd. is simultaneously completing its own acquisition of Defence Xccelerator Group Inc. (DXG); post‑transaction, DXG becomes an indirect subsidiary of Bettermoo(d).

  • Regulatory & Shareholder Approvals:

  • Transaction requires CSE approval and a shareholder vote (either written consent ≥ 50.01 % or majority at a meeting). Trading in Bettermoo(d) shares will be halted until all filings are accepted by the CSE.

  • Proposed Management Additions:

  • John Holden – proposed CEO of the resulting issuer; background in defense, naval operations, and diplomatic service.
  • Cameron Chell – proposed board member; veteran technology entrepreneur with extensive UAV and satellite imaging experience.

  • No Finder’s Fees: No finder’s fees will be paid in connection with the transaction.

  • Future Disclosures: Bettermoo(d) will file a copy of the agreement on SEDAR+ and issue further releases regarding the transaction and concurrent financing; detailed financial information on DXG and the resulting issuer will appear in the forthcoming listing statement.

Notable Quotes

  • “We are excited to bring together complementary defence‑technology capabilities under Bettermoo(d)’s umbrella, positioning us for accelerated growth in border security solutions.” – Nima Bahrami, CEO & Director (implied from release context).
Read the original news release →

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