ENDURO COMPLETES ACQUISITION OF COMMANDER RESOURCES LTD.
On May 30 2025 Enduro Metals Corporation (TSXV: ENDR OTCQB: ENDMF FSE: SOG0) completed its acquisition of Commander Resources Ltd. (“Commander”),as originally announced on December 9, 2024, pursuant to a court-approved plan of arrangement (the “Plan of Arrangement”). The Plan of Arrangement was implemented pursuant to the terms and conditions of an arrangement agreement dated February 25, 2025 between Enduro and Commander, and has resulted in the acquisition by Enduro of all of the issued and outstanding shares of Commander in exchange for consideration of 0.535 of a common share of Enduro (each full share, an “Enduro Share”) for each Commander Share (the “Exchange Ratio”).
IMPORTANT NOTICE FOR COMMANDER SHAREHOLDERS
In order to obtain their Enduro Shares, shareholders holding share certificates of Commander in their names (“Registered Shareholders”) will be required to complete a letter of transmittal (a “Letter of Transmittal”) and submit it to Computershare Investor Services Inc. and otherwise follow the instructions contained in the letter of transmittal and described in the management information circular of Commander dated April 9, 2025. Copies of the Circular and the Letter of Transmittal (labelled “Cover letter”) may be obtained on Commander’s SEDAR+ profile at www.sedarplus.ca. Registered Shareholders of Commander who have lost the certificates representing their Commander Shares should contact Computershare Investor Services Inc. at [email protected] for information on how to receive their Enduro Shares.
Shareholders who hold their Commander Shares through intermediaries such as a brokerage firm or clearing agency (“Non-registered Shareholders”) do not need to take any further action to receive their Enduro Shares, as their Enduro Shares will be automatically re-registered to them. Non-registered Shareholders of Commander and who have questions regarding how the Enduro Shares to which they are entitled will be processed should contact their intermediaries.