Bocana Resources signs term sheet for US$25 million acquisition by London Gold-backed NewCo

• New Nasdaq-bound vehicle controlled by London Gold to acquire all Bocana shares under a definitive term sheet signed July 14, 2026.
• Total consideration set at USD 25 million, split between cash and NewCo stock valued at the market price immediately before closing.
• London Gold to provide about USD 1.23 million by July 31, 2026, to fund deposits and working capital for project due diligence.
• Bocana granted 90-day exclusivity, limiting talks with other potential buyers without London Gold’s written consent.
• Closing remains subject to due diligence, definitive documentation, shareholder votes, and TSX Venture Exchange sign-off; shares to stay halted.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bocana Resources Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202607200700ACCESSWRNAPR_____1193233) on July 20, 2026, and is solely responsible for the information contained therein.