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Mustang Energy spins off Ford Lake assets into Allied Strategic Resource, with shareholders getting new shares on March 27, 2026.
Mustang Energy Corp. announced that the spin-out of its Ford Lake Property and related assets into Allied Strategic Resource Corp. will close on March 27, 2026, with March 26 as the shareholder record date.
Shareholders will receive one new Mustang share and a pro rata amount of Allied shares, valued at $0.05 per share, in exchange for their existing holdings.
The transaction involves transferring Saskatchewan properties to Allied, which will become a reporting issuer in three provinces and pursue a Canadian Securities Exchange listing.
Mustang will focus on developing its other projects, prioritizing the Yellowstone property.
The deal remains subject to regulatory approvals and market risks.
Mustang Energy separa los activos de Ford Lake en Allied Strategic Resource, y los accionistas obtienen nuevas acciones el 27 de marzo de 2026.