Mustang energy corp. enters into arrangement agreement to spin off ford lake, roughrider south and cigar lake east projects

Vancouver, british columbia, oct. 09, 2025 (globe newswire) -- mustang energy corp. (cse: mec) (the “company” or “mustang”), announces that it has entered into an arrangement agreement dated october 9, 2025 (the “arrangement agreement”) with its wholly-owned subsidiary, allied strategic resource corp. (“allied”), pursuant to which the company intends to: (i) transfer all of its rights, title and interest in and to its ford lake, roughrider south and cigar east properties (collectively, the “properties”) located in the athabasca basin, saskatchewan, canada, and (ii) spin-out all of the securities of allied received in consideration for the properties (the “allied shares”) to mustang's securityholders on a pro rata basis (the “spin-out”), all pursuant to a statutory plan of arrangement (the “arrangement”) to be effected under part 9, division 5 of the business corporations act (british columbia).
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