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Totec Resources gets approval to buy Usha’s stake in Ontario’s White Willow Property, with a share consolidation and closing expected Jan. 19, 2026.
Totec Resources Ltd. received conditional approval from the TSX Venture Exchange to acquire Usha Resources' stake in the White Willow Property, a 10,220-hectare mineral claim group near Thunder Bay, Ontario.
The deal, expected to close around January 19, 2026, includes a one-for-two share consolidation reducing shares from about 6.1 million to 3.06 million.
The company’s name and trading symbol will remain unchanged, though the symbol will shift from TOTC.P to TOTC post-closing.
Shareholders will receive exchange instructions; non-registered holders need take no action.
The transaction is subject to final regulatory approvals and standard closing conditions.
Totec Resources obtiene la aprobación para comprar la participación de Usha en la propiedad White Willow de Ontario, con una consolidación de acciones y cierre previsto para el 19 de enero de 2026.