Mandalay Obtains Final Order Approving Arrangement with Alkane

TORONTO, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX: MND, OTCQB: MNDJF) is pleased to announce that the Supreme Court of British Columbia has issued a final order approving the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”), pursuant to which Alkane Resources Limited (“Alkane”) will acquire all of the issued and outstanding common shares of Mandalay (“Mandalay Shares”). Under the Arrangement, shareholders of Mandalay will be entitled to receive, for each Mandalay Share held, 7.875 fully paid ordinary shares in the capital of Alkane.

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