The parties have entered a termination agreement dated February 25, 2026, which terminates the merger agreement dated October 11, 2024, as amended on December 31, 2024 and April 2, 2025 (the “Merger Agreement”), between Searchlight, Riverboat and 1506404 B.C. Ltd., a wholly-owned subsidiary of Searchlight (collectively, the “Parties”), as previously disclosed in the Company’s press releases dated August 7, 2024, October 16, 2024, January 6, 2025 and April 2, 2025. The transactions contemplated under the Merger Agreement were intended to constitute the “qualifying transaction” (as such term is defined in Policy 2.4 – Capital Pool Companies (“Policy 2.4”) of the Corporate Finance Manual of the TSX Venture Exchange (the “Exchange”)) of the Company.
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