on Formation Resources Inc. (CVE:FOMO)
Totec Resources Completes Acquisition and Plans Trading Start
Totec Resources Ltd. has announced the completion of its acquisition of 1540359 B.C. Ltd., indirectly acquiring the White Willow Property with 489 mineral claims. This transaction marks Totec's qualifying transaction under TSX Venture Exchange policies. No finder's fees were involved in this deal.
The White Willow Property spans 10,220 hectares in Thunder Bay's mining division. The acquisition involved issuing 35,500,000 common shares and a $50,000 cash payment to Usha Resources Ltd., consolidating issued shares at a two-to-one basis.
Post-transaction, Totec is classified as a Tier 2 Mining Issuer. The shares are expected to trade under the symbol "TOTC" starting January 21, 2026. Deepak Varshney leads Totec as CEO, with Khalid Naeem as CFO among the appointed directors.
R. E.
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