PTX Metals' Subsidiary, Green Canada Corporation and MAACKK Capital Corp. Provide Update Regarding Shareholders' Meetings and Green Canada Private Placement Closing
PTX Metals' Subsidiary, Green Canada
Corporation and MAACKK Capital Corp.
Provide Update Regarding Shareholders'
Meetings and Green Canada Private Placement
Closing
Toronto, Ontario--(Newsfile Corp. - February 5, 2026) -
PTX Metals' Subsidiary (TSXV: PTX)
Green
Canada Corporation ("
GCC
" or the "
Company
") announced that it has increased the size of its
previously announced non-brokered private placement from $500,000 to $750,000 (the "
Private
Placement
") in response to strong investor interest. Up to a total of 5,769,231 common shares of the
Company (the "
Common Shares
") will be issuable at a price of $0.13 per share pursuant to the Private
Placement.
Closing of Second Tranche of GCC Private Placement
Following the offering upsizing, the Company has closed the second tranche of the Private Placement. In
connection with this closing, the Company issued an aggregate of 2,022,500 Common Shares at a price
of $0.13 per share, for aggregate gross proceeds of $262,925.
After giving effect to the closing of the Second Tranche, the shareholding of PTX Metals Inc. (TSXV:
PTX) ("
PTX
") in the Company was reduced from approximately 50.73% to approximately 48.02%, the
Company ceased to be a subsidiary of PTX, and Green Canada Corporation will henceforth issue its
own press releases independently of PTX.
The Common Shares issued pursuant to the closing of the Second Tranche are subject to a statutory
hold period of four months and one day after the later of (a) February 4, 2026, and (b) the date the
Company became a reporting issuer in any province or territory. The net proceeds of the Private
Placement are expected to be used for general working capital and corporate purposes.
GCC Shareholders Meeting
In connection with the previously announced reverse take-over of MAACKK Capital Corp. ("
MAACKK
")
by the shareholders of GCC (the "
Proposed RTO
"), the Company has scheduled a special meeting of
shareholders ("
GCC Meeting
") on February 26, 2026 at Suite 635, Bay Adelaide Centre, 333 Bay
Street, Toronto, Ontario, at 1:00 p.m. (ET) to: (a) approve the business combination agreement and the
amalgamation agreement in connection with the Proposed RTO; (b) approve and confirm all corporate
actions of the Company since its incorporation that require shareholders' approval; and (c) transact such
other business as may properly come before the GCC Meeting.
MAACKK Shareholders Meeting
In connection with the Proposed RTO, MAACKK has scheduled an annual general and special meeting
of its shareholders ("
MAACKK Meeting
") on February 26, 2026 at DD West LLP, 2300, 520 - 5 Avenue
SW, Calgary, Alberta, Canada T2P 3R7, at 11:00 a.m. (MT) to, among other things: (a) approve the
continuance of MAACKK from the Province of Alberta into the Province of Ontario; (b) approve the
consolidation of all of the issued and outstanding common shares of MAACKK on a 6.25 to 1 basis; (c)
approve the name change from "MAACKK Capital Corp." to "Green Canada Uranium Corp."; (d) elect
Richard Mazur, Greg Ferron, Olivier Crottaz, Jean-David Moore and Peter Cheung as the directors of
the resulting issuer of the Proposed RTO (the "
Resulting Issuer
"); (e) approve new by-laws for the
Resulting Issuer; (f) approve a new omnibus plan for the Resulting Issuer; (g) approve the appointment of
Baker Tilly WM LLP as the new auditors of the Resulting Issuer; (h) approve and confirm all corporate
actions of MAACKK since May 14, 2021 that require shareholders' approval; and (i) transact such further
or other business as may properly come before the MAACKK Meeting, each of the foregoing to take
effect upon the closing of the Proposed RTO.
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.
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 9PX 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:
About MAACKK Capital Corp.
MAACKK is an investment company. MAACKK is an unlisted reporting issuer and does not currently
own any operating assets.
For further information, please contact:
Peter Cheung, Chief Executive Officer and Chief Financial Officer MAACKK Capital Corp.
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 anticipated use of proceeds from the Private Placement. 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 use the proceeds of the Private Placement as anticipated. 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 use the proceeds of the Private Placement as anticipated, 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.
Not for Dissemination in the United States or through U.S. Newswire Services
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