Green Canada Corporation Announces Private Placement
Green Canada Corporation Announces Private
Placement
Toronto, Ontario--(Newsfile Corp. - January 8, 2026) - Green Canada Corporation ("
GCC
" or the
"
Company
"), a 54.33% owned subsidiary of PTX Metals Inc. (TSXV: PTX) ("
PTX
"), announced a non-
brokered private placement (the "
Offering
") of up to 3,846,154 common shares of the Company at a
price of $0.13 per share for aggregate gross proceeds of up to $500,000.
Green Canada (Not PTX)
may pay 7% cash finder fees in certain cases.
Assuming the Offering is fully subscribed, PTX's shareholding in the Company will be reduced from
approximately 54.33% to approximately 48.72% on a non-diluted basis.
All securities issued pursuant to the Offering will be subject to a hold period of four months and one day
after the later of (a) the closing date of the Offering and (b) the date the company became a reporting
issuer in any province or territory.
GCC has entered into a binding letter of intent (the "
RTO LOI
") dated November 13, 2025, with
MAACKK Capital Corp. ("
MAACKK
") pursuant to which GCC and MAACKK intend to complete a
transaction that would result in a reverse take-over of MAACKK by the shareholders of GCC (the
"
Proposed RTO
"). Closing of the Proposed RTO will be subject to, among other things, requisite
regulatory approval for the listing of the resulting issuer of the Proposed RTO on the Canadian Securities
Exchange or such other stock exchange as may be mutually agreed upon by the parties.
PTX's shareholders will directly benefit from the Proposed RTO through PTX's shareholding in GCC,
unlocking immediate value not previously reflected. The closing of the Offering is not conditional upon
closing of the Proposed RTO. The net proceeds of the Offering are expected to be used for general
working capital and corporate purposes.
About Green Canada Corporation
GCC has assembled a diverse set of Canadian based uranium mineral properties focused on
unconformity-style uranium deposits in the Athabasca Basin of Saskatchewan, the Baker and Amer
Basins in Nunavut and the Otish Basin in Quebec. The flagship Marshall Project to be acquired by GCC
from Basin Energy Limited in connection with the Proposed RTO and the adjacent North Millennium
project areas are situated 11 km west of Cameco's 69.9% owned Millennium deposit and 20 km
southwest of CanAlaska's Pike zone discovery on the West McArthur project in the Athabasca Basin of
northern Saskatchewan the second largest production centre for uranium globally. The Key Lake-
McArthur Road is 23 km to the South-East with winter access to the property either by winter road from
the Millennium deposit to Friesen Lake, 4 km east of the property, or by a winter road from Key Lake to
McIntyre Lake, 4 km south of the property.
About PTX Metals Inc.
PTX is a minerals exploration Company focused on high-quality critical mineral projects, including two
flagship projects situated in northern Ontario, a mining jurisdiction renowned for its abundance of mineral
resources and investment opportunities. The corporate objective is to advance the exploration programs
towards proving the potential of each asset, which includes the W2 Copper Nickel PGE Project and
South Timmins Gold Joint Venture Project.
PTX's portfolio of assets offers investors exposure to some of the world's most valuable metals including
gold, as well as essential critical minerals for the clean energy transition: copper, PGE, nickel, uranium
and rare metals. PTX's portfolio of assts was strategically acquired for their geologically favorable
attributes, and proximity to established mining companies. PTX mineral exploration programs are
designed by a team of expert geologists with extensive career knowledge gained from their tenure
working for global mining companies in northern Ontario and around the world.
PTX is based in Toronto, Canada, with a primary listing on the TSXV under the symbol PTX. The
Company is also listed in Frankfurt under the symbol 9PF and on the OTCQB in the United States as
PANXF.
For additional information on PTX, please visit the Company's website at
https://ptxmetals.com/
.
For further information on PTX Metals, please contact:
Greg Ferron, President and Chief Executive Officer
Phone: 416-270-5042
Email:
For further information on Green Canada Corporation, please contact:
Rick Mazur
Phone: 778-772-3100
Email:
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press
release.
Disclosure regarding forward-looking statements
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. "Forward-looking information" includes, but is not limited to, statements with
respect to the activities, events or developments that the Company expects or anticipates will or may
occur in the future, including the completion of planned exploration activities, the ability of the Company
to complete the Offering on the proposed terms or at all, the anticipated use of proceeds from the
Offering and receipt of regulatory approvals with respect to the Offering. Generally, but not always,
forward-looking information and statements can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or the negative connotation thereof or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or "will ", "occur" or "be achieved" or
the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including
among others, that the Company will be able to complete the Offering on the terms as anticipated by
management, that the Company will use the proceeds of the Offering as anticipated, and that the
Company will receive regulatory approval with respect to the Offering. Although the assumptions made
by the Company in providing forward-looking information or making forward-looking statements are
considered reasonable by management at the time, there can be no assurance that such assumptions
will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements. Important factors that could
cause actual results to differ materially from the Company's plans or expectations include the risk that the
Company will not be able to complete the Offering on the terms as anticipated by management or at all,
that the Company will not use the proceeds of the Offering as anticipated, that the Company will not
receive regulatory approval with respect to the Offering, risks relating to availability of capital and
financing, general economic, market or business conditions, regulatory changes, timeliness of
government or regulatory approvals and other risks detailed herein and from time to time in the filings
made by the Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in the forward-looking information or implied by forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking information and statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on forward-looking statements or
information.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.
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https://www.newsfilecorp.com/release/279749