Southstone Minerals signs deal for Terry L. Tucker to take it private at CAD 0.0375 a share

Bitget2026/09/23 16:16

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Terry L. Tucker agreed to acquire the Southstone Minerals shares he does not already own in a going-private transaction.
Minority holders to receive CAD 0.04 per share in cash, valuing the payout at about CAD 1.07 million for 28,626,888 shares.
Tucker owns 4,775,000 shares, or 14.3%, with no cash paid on those holdings.
Completion would leave the company wholly owned by Tucker, triggering a TSXV delisting and an end to public reporting status.
Total cash and obligations tied to the deal expected at about CAD 4.94 million, including the shareholder payout and debt-related items.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southstone Minerals Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202609231215NEWSFILECNPR____20260923_315680_1) on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Southstone Minerals signs deal for Terry L. Tucker to take it private at CAD 0.0375 a share

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