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News.com.au
2 days ago
- Business
- News.com.au
Broken Hill is being put back on the map by this emerging miner
Broken Hill Mines is planning a listing next month via a reverse takeover of Coolabah Metals It will bring the asset on which BHP was founded back to Australian retail investors for the first time in decades BHM head honcho Partick Walta says Broken Hill has years of life still in it On September 5, 1883, a German-born boundary rider known as Charles Rasp pegged the first block on what became known as the Broken Hill. Originally thought to be a mountain of tin, the intuition of the enterprising Kraut finally crystallised into revelation with the discovery of a rich vein of silver two years later. The result was the formation of BHP (ASX:BHP), now the world's richest mining company after trading in its New South Wales roots for iron ore in the Pilbara and copper in Chile. Yet what became of that original line of lode? It may surprise many investors to know it continues to be tapped to this day at the aptly named Rasp mine. But the project has been hidden in the bowels of Japanese zinc refiner Toho Zinc since 2010. As Toho sought to exit the Aussie mining business, with the 200 miners still working the operation facing the bread line, a white knight emerged. The reimagined Broken Hill Mines, led by Patrick Walta – a metallurgist who almost a decade ago breathed new life into the Century zinc mine in Queensland – acquired the distressed assets in October 2024. It plans to relist through the shell of Coolabah Metals in a reverse float that will include the injection of $15-20 million in fresh capital from investors. Following the launch of a replacement prospectus last Monday chasing that quantum at 35c per share, Walta says the miner has been swamped with interest. Much of it has come from investors drawn to the romance of Broken Hill. " It's pretty cool being able to say you're operating the mine that started BHP. We've literally got the first shaft that was sunk," Walta told Stockhead after the launch of the replacement prospectus this month. " Every single person you talk to says, 'my granddad worked there', or 'my auntie or my uncle was associated with Broken Hill'. " Everyone in the mining community has a history with Broken Hill. "It's such a revered mining town, and the mines there are so well known." The other major producer in the region is the Broken Hill operations mined by Chinese-owned Perilya. " Broken Hill as an orebody has been effectively owned by private Asian interests for a good couple of decades," Walta said. "And there's a lot of patriotism there where they see this as really a story of national significance as much as anything else, about Broken Hill getting back into Aussie hands, being publicly listed, being transparent." Multi-generational Broken Hill has many of the hallmarks of other great mining hubs that have been consolidated by Australian miners in recent decades. The Super Pit at one point had a potential three years in front of it under North American majors Newmont Corporation (ASX:NEM) and Barrick before its acquisition by Northern Star Resources (ASX:NST). Now they are talking about Kalgoorlie's Golden Mile running well beyond the lifespan of anyone prospecting its workings. Cobar's CSA copper mine is heading back into international hands, being acquired by Harmony Gold in a $1.6bn deal after MAC Copper (ASX:MAC) pried it from the labyrinthine portfolio of Glencore. Now BHM is looking revitalise an underinvested asset by not just keeping the operations going but consolidating some of the key deposits around the region. "People are able to actually see what's going on there and it's drawing people back to the town as well," Walta said. "They're not seeing it as a mine that's about to shut down, they're seeing as a potential generational asset that can run for multiple decades. "There's a great saying in Broken Hill that the Broken Hill orebody has had an eight-year mine life since 1885," he added. "It's one of those classic, super orebodies where you keep drilling it, you keep investing, you keep giving it the love and it keeps returning." " The orebody currently stands (historically) at 300 million tonnes at 15% zinc and lead and 300g/t silver. " When Charles Rasp came across it as a rocky outcrop in 1883, it obviously wasn't a 300 million tonne orebody. " So it's had consistent discovery and growth over that 140-year life and there's no reason why that doesn't continue on." Scaling up Currently, the mine produces in the order of 25,000tpa of zinc equivalent metal. But it doesn't take long to figure out that there's plenty of opportunities to improve the outlook. Despite the Rasp plant's 750,000tpa capacity, the project has been campaign milled since 2020 and ore feed grades are currently around 6% ZnEq. There are immediate opportunities to upgrade that. "We bought an operating mine, a going concern, we've got 120 staff on day one and a hungry plant," Walta said. "The whole philosophy here is about utilisation of sunk capital. We have this beautiful plant that's really had 500 million bucks spent on it over the years and it's only about 12 years old. " It is only fed by one orebody and it's a relatively low-grade ore body by Broken Hill standards." That ore source – Western Mineralisation – runs at around 8.2% ZnEq, including 4.8% zinc, 3.1% lead and 38g/t silver. Yet the Main Lode grades an impressive 17.7% ZnEq, including some 870,000t of ore at 7.8% zinc, 7.6% lead and 151.7g/t silver. Walta says the mine still made $20 million in operating cashflow last year with a plant running at around 40% of its total capacity. When the Main Lode comes online it will introduce not just more ore, but ore running at 2.5x the grade. Not resting on its laurels, BHM has also struck a deal to share 70% of the profits by exploring and developing the Pinnacles mine some 15km to the southwest. Pinnacles is a true artefact, one of the last major operations in Australia to be run by a local family. First pegged in 1884, the Williams clan has mined the deposit since 1954, aided by a 30,000tpa processing plant. It hosts close to 6Mt of ore in its open pit and underground deposits at a 10.88% ZnEq grade. Drilling is expected to take place over the next two years to bring the mine up to commercial standards before tapping the rich stuff underground in 2027, though an open pit could be expanded to complement production from Rasp before then. "What they've done is nothing short of amazing. They've built up their own operation just through the sweat off their own back," Walta said. " They have a 40m deep open pit, four underground levels down to about 100m. They built their own processing plant. " No engineers, no consultants. This is hand-built stuff. It's very small by corporate standards, it's about 30,000 tonnes per annum. " We've managed to team up with the Williams family, we've got a 70-30 profit share JV over the Pinnacles mine with them, so ultimately we want to get Pinnacles back up and running." Opportunity beckons The company is aiming to return to listing under its new name next month, with demand for the IPO said to have run as much as three times the available shares on offer. Once listed the market cap will run at a pro forma $89-94 million. That's potentially bargain barrel material when similar base metals producers are taken into account. Polymetals Resources (ASX:POL), for instance, which is in the process of commissioning the Endeavor silver and zinc near Cobar has run ~150% higher over the past year to a market cap of ~$210m. Endeavor is an interesting comparison to Broken Hill, being the other NSW mine Toho Zinc acquired in its 2010 takeover of CBH Resources. "When you look at our value proposition, we're at $95m as a comp, Poly's at $200m, Aurelia Metals (ASX:AMI) is at $500, Develop Global's (ASX:DVP) at $1bn. "They've all got very good reasons why they're at those levels. (But) you don't have to do a lot more research to go, there's a bit of value here. "And we deliberately priced it that way. We wanted early stage investors to capture value and we obviously want it to perform well." There's a lot to like in the company's markets as well. Silver recently broke the back of long-term resistance at US$35/oz and is now worth US$36.50/oz, powered by investment demand and close to five years of deficits due to stagnant mine supply and its increasing use in solar panels. Zinc and lead may not have accelerated like copper, lithium, cobalt and rare earths did during the battery metals boom. But they remain large stable markets trading at levels that offer solid and predictable returns for operators of BHM's scale. Walta says the mix of industrial and precious metals also means the mine naturally hedges against different market conditions. "Zinc is a 70 or 80 billion dollar a year industry, lead's a 60 billion dollar a year industry," he said. " These are established industries of commodities that are essentially part of the makeup of every single person's life every day."
Associated Press
27-05-2025
- Business
- Associated Press
WOGC and TMI-Delaware agree Definitive Share Purchase Agreement
CALGARY, AB / ACCESS Newswire / May 26, 2025 / Waskahigan Oil & Gas Corp (CSE:WOGC) ('WOGC') wishes to announce that this week (effective May 16, 2025), it has entered into a definitive share purchase agreement ('SPA') with Terra Metals Inc (a Delaware corporation)('TMI-Del'), Terra Metals Limited (a Zambian corporation)('TMI-Zambia')(subsidiary of TMI-Del), Lunda Resources Limited (a Zambian corporation)('Lunda') (formerly known as Zamsort Limited)(a subsidiary of TMI-Zambia), Central African Renewable Energy Corporation Limited ('CARE')(a Zambian corporation)(a subsidiary of TMI-Zambia), Mumena Mushinge ('TMI Vendor') and Brian Chisala ('TMI Vendor')(TMI-Del, TMI-Zambia, Lunda, CARE and the TMI Vendor(s) are collectively referred to as the 'TMI-Del Parties'). WOGC will acquire all of the shares of TMI-Del from the TMI Vendors. The transaction shall be a reverse takeover ('WOGC RTO'). Prior to closing WOGC will: (a) issue a share dividend of approximately 520,000 WOGC common shares to WOGC registered and NOBO shareholders who hold less than 4,000 shares; (b) consolidate its common shares on a four for one basis; (c) effect a name change; and (d) complete a spinout of Fox Creek Energy Ltd. ('FCE') by plan of arrangement. As consideration for the shares of TMI-Del, WOGC will issue up to 42,160,000 post-consolidated shares at a deemed price of $0.50 per share ($21,080,000 Cdn). The purchase price was to include 100% of the shares of TMI-Del (which would own 100% of TMI-Zambia, Lunda and CARE at the time of closing)(subject to dilution by virtue of a joint venture agreement which entitles a third party (Metalex Commodities Inc.) to acquire up to 67% of Lunda and CARE by investing up to $102,000,000 US in a joint venture). The assets of Lunda consist of: (a) Zambia Small Scale Mining Licence No. 8248-HQ-SML; and (b) Zambia Small Scale Mining Licence No. 34040-HQ-SML ('Kalaba Copper Mine'). The assets of CARE at the closing of the RTO will be Zambia Large Scale Exploration Licence No. 27037-HQ-LEL 'CARE Mineral Claim'). Zambia Large Scale Exploration Licence No. 31190-HQ-LEL will be transferred by CARE to Lunda pre closing. The 200MW Solar Power Project Feasibility Rights in Kawambwa District, Zambia's Northern Province will be sold by CARE pre closing to a non arms length party. The purchase shall not include the shares of two subsidiaries of TMI-Zambia, Cupriferous Resources Limited (Zambia) and Alliance Limited (Zambia), which will be sold pre closing. The purchase price payable by WOGC to the Vendors for the TMI-Del securities shall be $21,080,000 CDN (15,500,000 USD) (the 'Purchase Price') and shall be satisfied as follows: (a) $6,919,300 by issuance of 13,838,600 post 4:1 consolidation WOGC Shares at $0.50 per WOGC Share; and (b) $14,160,700 by the reservation and possible future issuance of 28,321,400 post 4:1 consolidation WOGC Shares (1 share issued for every $0.20 CDN gross revenue or equity or loan capital loan (provided proceeds used to advance the Kalaba Copper Mine or CARE Mineral Claim or other resulting issuer property) invested in TMI-Del or any subsidiary of TMI-Del (including the Lunda - Kalaba Copper Mine or CARE Mineral Claim) post January 1, 2025) (the 'Performance Shares'). The SPA is subject to conditions including: (a) due diligence by May 31, 2025; (b) CSE listing approval; (c) CSE listing application filed by June 15, 2025; (d) completion of all proposed transactions by September 15, 2025; and (e) completion of the Plan of Arrangement dated January 1, 2023 with FCE and Odaat Oil Corp ('Odaat'), whereby WOGC shall dividend the shares of FCE to the shareholders of WOGC (spinout of FCE) leaving WOGC with no assets and no liabilities. The shareholders of WOGC approved the transaction at the Annual General and Special Meeting of Shareholders on December 12, 2024. For further information, please contact: Gregory J. Leia, President and CEO Waskahigan Oil & Gas Corp. Suite 203 - 221 - 10th Avenue SE Calgary Alberta T2G 0V9 T: (403) 870 0091 Email: [email protected] The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release. SOURCE: Waskahigan Oil & Gas Corp press release
Associated Press
27-05-2025
- Business
- Associated Press
Special Meeting of Shareholders June 4, 2025 - Notice of Court Application June 6, 2025
CALGARY AB / ACCESS Newswire / May 26, 2025 / Waskahigan Oil & Gas Corp (WOGC-CSE) ('WOGC') wishes to announce that it will hold a special meeting ('Meeting') of the shareholders of WOGC at 7:00am on June 4, 2025. The fourfold purpose of the Meeting is set out below. Recent events have impacted the go forward plans of WOGC. Background: WOGC has shareholder and court approval of a plan of arrangement to spin out a wholly owned subsidiary Fox Creek Energy Ltd. ('FCE') and its subsidiary Odaat Oil Corp ('Odaat'). Recent Events: First, prior to implementation of the plan of arrangement, Odaat sold substantially all of its oil and gas assets by agreement dated February 28, 2025. The agreement is subject to the approval of the Alberta Energy Regulator. Assuming approval is obtained, Odaat intends to: (a) complete it statutory abandonment and remediation obligations for assets not sold and after satisfaction of debts to distribute the net sale proceeds to shareholders leaving no assets and no liabilities in WOGC, FCE and Odaat. Second, WOGC has executed a definitive agreement to acquire the shares of Terra Metals Inc. (Delaware corp)(see press release dated May 26, 2025) which will result in a reverse takeover transaction ('WOGC RTO'). Third, FCE has received non-binding expressions of interest to enter into reverse takeover ('FCE RTO') transactions to close before the closing of the WOGC RTO. One of the conditions is that the shares of Odaat be sold prior to the closing of the FCE RTO. The shares of Odaat may have to be sold prior to the resolution of all debts and assets in Odaat. A mechanism has been developed to ensure existing shareholders receive the benefits of the assets in Odaat post liquidation. Fourth, because of the uncertainty in closing the WOGC and/or FCE RTO transactions and the high cost of continuous disclosure (especially audit costs for fiscal year end December 31, 2025), WOGC is seeking shareholder and court approval to take WOGC and/or FCE private by December 31, 2025 if the WOGC RTO and/or the FCE RTO transactions do not close. The purpose of the Meeting is fourfold: 1) To approve by special resolution the Plan of Arrangement Amending Agreement #2 dated May 1, 2025 (to delete paragraph 5.1(k) of the Arrangement Agreement requiring concurrent filing of the Articles of Arrangement and the closing of the WOGC RTO);2) To approve by special resolution and by majority of the minority (if necessary), the going private transaction for WOGC, if by December 20 2025, WOGC has not completed a reverse takeover. The going private transaction shall consist of: The Articles of Incorporation of WOGC would be amended to create two new classes of shares: (i) WOGC Class 'A' Redeemable Preferred Shares with a redemption price of $0.00001 per share; and (ii) WOGC Class 'A' common shares which would rank pari passu with the WOGC common shares without par value; WOGC would be delisted from the Canadian Securities Exchange; The existing WOGC common shares would be converted into WOGC Class 'A' Redeemable Preferred Shares; The WOGC Class 'A' Redeemable shares would be redeemed; WOGC would be wound up when existing debts are paid or satisfied with any surplus being dividended to the shareholders of WOGC; Gregory J. Leia would subscribe for 100 WOGC Class 'A' common shares at $1.00 per share; WOGC would cease to be a reporting issuer in Alberta, British Columbia and Ontario The board of directors would have the discretion not to implement the going private transaction 3) To approve by special resolution and by majority of the minority (if necessary) the going private transaction for FCE, if by December 20 2025, FCE has not completed a reverse takeover. The going private transaction shall consist of: The Articles of Incorporation of FCE would be amended to create two new classes of shares: (i) FCE Class 'A' Redeemable Preferred Shares with a redemption price of $0.00001 per share; and (ii) FCE Class 'A' common shares which would rank pari passu with the FCE common shares without par value; The existing FCE common shares would be converted into FCE Class 'A' Redeemable Preferred Shares; The FCE Class 'A' Redeemable shares would be redeemed; FCE would cease to be a reporting issuer in Alberta and British Columbia; FCE would be wound up when existing debts are paid or satisfied; Gregory J. Leia would subscribe for 100 FCE Class 'A' common shares at $1.00 per share. The board of directors would have the discretion not to implement the going private transaction 4) To approve by majority of the minority, a resolution approving the sale of the shares of Odaat to Gregory J. Leia (President/director) for $1.00 and an undertaking to dividend any surplus funds to WOGC shareholders upon liquidation (after payment of reasonable fees and disbursements). Two director/officers hold approx 70% of the issued and outstanding shares have voted proxies in favour of the matters to come before the Meeting. Shareholders will be provided dissent rights. Assuming the shareholders approve the above, WOGC has scheduled a court application before Justice C. Jones at 2:00pm on Friday June 6, 2025 at the Court House in Calgary. The application is a virtual hearing. Shareholders who wish to participate must notify Wolff Leia, Barristers and Solicitors (Attention:Gregory J. Leia) 24 hours prior to the application. WOGC has filed the following documents on : (a) Notice of Meeting dated May 5, 2025; (b) Management Information Circular dated May 5, 2025; and (c) form of proxy (collectively the 'Documents'). The same information will be available on the CSE website at . WOGC will deliver by means (which may include electronic means) through Broadridge and by regular postal service a copy of the Documents to each registered holder or beneficial holder. A request is to be made by email to Gregory J. Leia at [email protected] or otherwise by delivery to the corporate office at the address set out below. Proxies are to be sent by email to [email protected]. For further information, please contact: Gregory J. Leia, President and CEO Waskahigan Oil & Gas Corp. Suite 203 - 221 - 10 th Avenue SE Calgary Alberta T2G 0V9 T: (403) 870 0091 [email protected] SOURCE: Waskahigan Oil & Gas Corp press release
Yahoo
27-05-2025
- Business
- Yahoo
WOGC and TMI-Delaware agree Definitive Share Purchase Agreement
CALGARY, AB / / May 26, 2025 / Waskahigan Oil & Gas Corp (CSE:WOGC) ("WOGC") wishes to announce that this week (effective May 16, 2025), it has entered into a definitive share purchase agreement ("SPA") with Terra Metals Inc (a Delaware corporation)("TMI-Del"), Terra Metals Limited (a Zambian corporation)("TMI-Zambia")(subsidiary of TMI-Del), Lunda Resources Limited (a Zambian corporation)("Lunda") (formerly known as Zamsort Limited)(a subsidiary of TMI-Zambia), Central African Renewable Energy Corporation Limited ("CARE")(a Zambian corporation)(a subsidiary of TMI-Zambia), Mumena Mushinge ("TMI Vendor") and Brian Chisala ("TMI Vendor")(TMI-Del, TMI-Zambia, Lunda, CARE and the TMI Vendor(s) are collectively referred to as the "TMI-Del Parties"). WOGC will acquire all of the shares of TMI-Del from the TMI Vendors. The transaction shall be a reverse takeover ("WOGC RTO"). Prior to closing WOGC will: (a) issue a share dividend of approximately 520,000 WOGC common shares to WOGC registered and NOBO shareholders who hold less than 4,000 shares; (b) consolidate its common shares on a four for one basis; (c) effect a name change; and (d) complete a spinout of Fox Creek Energy Ltd. ("FCE") by plan of arrangement. As consideration for the shares of TMI-Del, WOGC will issue up to 42,160,000 post-consolidated shares at a deemed price of $0.50 per share ($21,080,000 Cdn). The purchase price was to include 100% of the shares of TMI-Del (which would own 100% of TMI-Zambia, Lunda and CARE at the time of closing)(subject to dilution by virtue of a joint venture agreement which entitles a third party (Metalex Commodities Inc.) to acquire up to 67% of Lunda and CARE by investing up to $102,000,000 US in a joint venture). The assets of Lunda consist of: (a) Zambia Small Scale Mining Licence No. 8248-HQ-SML; and (b) Zambia Small Scale Mining Licence No. 34040-HQ-SML ("Kalaba Copper Mine"). The assets of CARE at the closing of the RTO will be Zambia Large Scale Exploration Licence No. 27037-HQ-LEL "CARE Mineral Claim"). Zambia Large Scale Exploration Licence No. 31190-HQ-LEL will be transferred by CARE to Lunda pre closing. The 200MW Solar Power Project Feasibility Rights in Kawambwa District, Zambia's Northern Province will be sold by CARE pre closing to a non arms length party. The purchase shall not include the shares of two subsidiaries of TMI-Zambia, Cupriferous Resources Limited (Zambia) and Alliance Limited (Zambia), which will be sold pre closing. The purchase price payable by WOGC to the Vendors for the TMI-Del securities shall be $21,080,000 CDN (15,500,000 USD) (the "Purchase Price") and shall be satisfied as follows: (a) $6,919,300 by issuance of 13,838,600 post 4:1 consolidation WOGC Shares at $0.50 per WOGC Share; and (b) $14,160,700 by the reservation and possible future issuance of 28,321,400 post 4:1 consolidation WOGC Shares (1 share issued for every $0.20 CDN gross revenue or equity or loan capital loan (provided proceeds used to advance the Kalaba Copper Mine or CARE Mineral Claim or other resulting issuer property) invested in TMI-Del or any subsidiary of TMI-Del (including the Lunda - Kalaba Copper Mine or CARE Mineral Claim) post January 1, 2025) (the "Performance Shares"). The SPA is subject to conditions including: (a) due diligence by May 31, 2025; (b) CSE listing approval; (c) CSE listing application filed by June 15, 2025; (d) completion of all proposed transactions by September 15, 2025; and (e) completion of the Plan of Arrangement dated January 1, 2023 with FCE and Odaat Oil Corp ("Odaat"), whereby WOGC shall dividend the shares of FCE to the shareholders of WOGC (spinout of FCE) leaving WOGC with no assets and no liabilities. The shareholders of WOGC approved the transaction at the Annual General and Special Meeting of Shareholders on December 12, 2024. For further information, please contact:Gregory J. Leia, President and CEO Waskahigan Oil & Gas 203 - 221 - 10th Avenue SECalgary Alberta T2G 0V9T: (403) 870 0091Email: gleia@ The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release. SOURCE: Waskahigan Oil & Gas Corp View the original press release on ACCESS Newswire
Yahoo
10-05-2025
- Business
- Yahoo
BOAT ROCKER MEDIA ANNOUNCES FILING OF MANAGEMENT INFORMATION CIRCULAR FOR SPECIAL MEETING OF SHAREHOLDERS
TORONTO, May 9, 2025 /CNW/ - Boat Rocker Media Inc. ("BRMI" or the "Company") (TSX: BRMI) announced today that it has filed its notice of meeting, management information circular and related documents (collectively, the "Meeting Materials") with securities regulators in connection with the special meeting (the "Meeting") of the holders (the "Shareholders") of subordinate voting shares and multiple voting shares of the Company. The Meeting Materials can be accessed either on the Company's website at or under the Company's SEDAR+ profile at The Meeting is to be held on June 17, 2025, at 10:00 a.m. (Toronto time) at the offices of Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, M5L 1B5, Canada. Only Shareholders whose names have been entered in the register of the Company as at the close of business on April 21, 2025, the record date for the Meeting, or their duly appointed proxyholders, will be entitled to receive notice of and vote at the Meeting or any adjournment(s) or postponement(s) thereof. At the Meeting, Shareholders will be asked to pass resolutions approving, among things, (i) the reverse take-over of BRMI by Blue Ant Media Inc. ("Blue Ant"), a privately owned company controlled by Michael MacMillan, (ii) the management buyout of Boat Rocker Studios by BRMI Co-Founders and Co-Executive Chairmen, David Fortier and Ivan Schneeberg, and BRMI CEO John Young, and (iii) the sale of the Company's interests in The Initial Group Global, LLC ("The Initial Group"), a U.S. talent management business, to Fairfax Financial Holdings Limited (collectively, the "Transaction"). Shareholders are encouraged to vote well in advance of the proxy cut-off time of 10:00 a.m. (Toronto time) on June 13, 2025. If you have any questions regarding the Transaction or how to vote your shares, please contact the Company's proxy solicitation agent, Carson Proxy Advisors: (i) by telephone at 1-800-530-5189 (North American toll free); or (ii) by email at info@ About Boat Rocker Media Inc. Boat Rocker (TSX: BRMI) is the home for creative visionaries. An independent, integrated global entertainment company, BRMI's purpose is to tell stories and build iconic brands across all genres and mediums. With offices around the world, BRMI's creative and commercial capabilities include Scripted, Unscripted, and Kids and Family television production, distribution, brand & franchise management, a world-class animation studio, and talent management through a minority stake in The Initial Group, a new company launched by TPG. A selection of BRMI's projects include: Invasion (Apple TV+), Palm Royale (Apple TV+), Video Nasty (BBC Northern Ireland, BBC Three, Virgin Media One, WDR), This Is the Tom Green Documentary (Prime Video), Orphan Black: Echoes (AMC), American Rust: Broken Justice (Prime Video), Beacon 23 (MGM+), Pretty Baby: Brooke Shields (Hulu), Downey's Dream Cars (Max), BS High (HBO), Orphan Black (BBC AMERICA, CTV Sci-Fi Channel), Billie Eilish: The World's a Little Blurry (Apple TV+), The Next Step (BBC, Corus, CBC), Daniel Spellbound (Netflix), and Dino Ranch (Disney+, Disney Junior, CBC). For more information, please visit Forward-Looking Information / Cautionary Statements Certain information contained in this news release may be forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may", "would" and "should" and similar expressions or words suggesting future outcomes. These forward-looking statements reflect material factors and expectations and assumptions of the parties. These forward-looking statements include the assumptions: that the Transaction is able to be completed on the timelines and on the terms currently anticipated; that all regulatory and other required approvals can be obtained on the timelines and in the manner currently anticipated; that the anticipated benefits of the transaction are able to be achieved; that the businesses of both BRMI and Blue Ant will continue to operate in a manner consistent with past practice; and that the parties' transition plans are effective. The parties' estimates, beliefs and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Risks and uncertainties not presently known to the parties or that they presently believe are not material could cause actual results or events to differ materially from those expressed in the forward-looking statements. Additional information on these and other factors that could affect events and results are included in other documents and reports that will be filed by BRMI with applicable securities regulatory authorities and may be accessed through the SEDAR+ website ( Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the parties' expectations only as of the date of this press release. The parties disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. U.S. Securities Matters None of the securities to be issued pursuant to the Transaction have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. The resulting issuer securities to be issued in the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. SOURCE Boat Rocker Media Inc. 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