Fox River Finalizes Court Approval for Arrangement with Avenir Minerals

Fox River Resources Corporation has secured a final order from the Ontario Superior Court of Justice approving its plan of arrangement with Avenir Minerals Limited. Under this arrangement, Avenir will acquire all issued and outstanding common shares of Fox River for $1.10 each, except for those held by Avenir or affiliates.

Previously, Fox River shareholders and option holders approved the arrangement during a special meeting on June 23, 2026. The completion of this arrangement is contingent on fulfilling customary conditions outlined in the agreement between Fox River and Avenir, with expectations to conclude by July 2, 2026.

Details on this transaction are available on SEDAR+ and Fox River's official website. The arrangement aims to consolidate resources and expertise within the companies, though it comes with inherent risks and uncertainties.