Psyence Group Inc. Enters into Amending Agreement to Extend Amalgamation Timeline with GoldCoast Resource Corp.

Executive Summary

• Psyence Group Inc. entered into an Amending Agreement with GoldCoast Resource Corp. and its subsidiary to extend key deadlines for the proposed three‑cornered amalgamation.
• The long‑stop date for required shareholder meetings is now April 30, 2026 (up from Jan 30), and the closing/outside/termination dates are pushed to May 31, 2026 (up from Mar 31).
• The minimum cash condition at closing was reduced from C$400,000 to C$250,000.

Key Details

• Amending Agreement Date: February 24, 2026.
• Parties: Psyence Group Inc., GoldCoast Resource Corp., and Psyence Therapeutics Corp. (wholly‑owned subsidiary).
• Extended Deadlines:
• Shareholder meeting long‑stop: Jan 30 → Apr 30, 2026.
• Closing/Outside date for amalgamation: Mar 31 → May 31, 2026.
• Termination date under Amalgamation Agreement: Mar 31 → May 31, 2026.
• Cash Condition Adjustment: Minimum cash at closing lowered from C$400,000 to C$250,000.
• Purpose of Amendment: Provide additional time to satisfy remaining conditions precedent, including shareholder and regulatory approvals.
• Trading Status: Shares remain halted pending CSE requirements and completion of the amalgamation.
• Risk Disclosure: No assurance that the transaction will be completed; subject to CSE “Change of Business” policy and required approvals.

Notable Quotes

(No direct quotes were provided in the release.)