Linear Minerals Corp. Updates on Acquisition Plans

Linear Minerals Corp. has announced an update regarding its acquisition plans concerning Critical Prospecting Corp. The company has shifted its strategy from acquiring all shares to purchasing specific mineral properties directly. This adjustment focuses on acquiring the assets rather than the entire company.

Furthermore, Linear has decided to put its concurrent financing plans on hold. These included a flow-through financing and a hard dollar financing. Updates on these financings will be provided later.

Linear will proceed with a consolidation of its common shares at a new ratio of 6.50 to 1, subject to regulatory approval. The final details, including share issuance post-consolidation, will be provided once finalized.

The acquisition, named the Transaction, is contingent on various conditions including regulatory approvals. There is no guarantee that the Transaction will be completed as proposed.