Merger and Acquisition
Talisker Resources to acquire Midex Resources Ltd. for 3,000,000 Talisker shares
Headline consideration
3,000,000 Talisker shares
Interest acquired
100% of Midex shares outstanding
Expected completion
Late Q4 2026
Summary
Talisker Resources Ltd. has entered into a definitive agreement to acquire all of the outstanding securities of Midex Resources Ltd. by way of a three-cornered amalgamation. Under the terms of the Transaction, Talisker has agreed to issue 3,000,000 shares of the Company to acquire 100% of Midex shares outstanding. Midex is a private junior exploration company focused on gold properties in Ontario. Subject to the receipt of approval by Midex shareholders and applicable regulatory approvals, the Transaction is expected to close in late Q4 2026. The acquisition was announced within a Talisker drilling results release dated 29 October 2026.
Consideration
| Component | Terms |
|---|---|
| Consideration Shares | 3,000,000 shares of Talisker to acquire 100% of Midex shares outstanding |
| Distribution | The Consideration Shares will be distributed pro rata to Midex shareholders |
| Midex warrants | Holders of outstanding Midex warrants will receive Talisker replacement warrants adjusted in exercise price and number of underlying shares to reflect the share exchange ratio |
| Structure | Three-cornered amalgamation |
Conditions
- Approval by Midex shareholders
- Applicable regulatory approvals
- Voting support agreements are in place with Midex directors, officers and certain shareholders holding 29% of the issued and outstanding common shares of Midex
Timetable
| Late Q4 2026 | Transaction expected to close |
|---|
Source: TSK announcement. This page summarises information from the company's public announcement and is provided for general information only. It is not financial product advice, a recommendation or an offer, and it does not take into account any person's objectives, financial situation or needs. Figures and terms are taken from the announcement and may be incomplete or may have changed since publication. Refer to the original announcement for full details. Kamoa Capital has not independently verified the information.
