ECC Ventures 5 Corp Announces Agreement with Bayrock Resources Limited

ECC Ventures 5 Corp, listed on the TSX Venture Exchange, has entered into a business combination agreement with Bayrock Resources Limited and its subsidiaries. This agreement outlines a three-cornered amalgamation, positioning this as ECC5's Qualifying Transaction under the Exchange's Policy 2.4. The transaction follows the lapse of an earlier takeover bid and upon completion, will result in ECC5 acquiring all assets of the Bayrock Group.

Bayrock, an Australian unlisted public company, holds significant exploration projects in Norway and Sweden, focusing on various metals. The reverse takeover will result in ECC5 graduating to Tier 2 of the Exchange as a mining issuer, pending necessary approvals and a concurrent financing raising at least $3 million.

The leadership of the resulting issuer will include experienced executives such as Ian Spence and Cosimo Damiano. While ECC5's shares remain halted, subject to conditions including regulatory approvals, the transaction aims to bolster exploration capabilities and strategic growth.