May 4, 2026, 10:27 AMaccessnewswire.comFXRVF
Avenir Minerals to Acquire Fox River Resources in All-Cash Transaction for Approximately C$94.3 Million
Company announcementsManagement
Fox River shareholders to receive cash consideration of C$1.10 per Fox River Share Purchase price represents premium of approximately 20% to the 30-day VWAP as of May 1, 2026 Fox River board unanimously recommends Fox River securityholders vote in FAVOUR of the Transaction TORONTO, ON / ACCESS Newswire / May 4, 2026 / Fox River Resources Corporation (CSE:FOX) ("Fox River" or the "Company") is pleased to announce that on May 4, 2026 it entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Avenir Minerals Limited ("Avenir Minerals"), has agreed to acquire all of the issued and outstanding common shares of Fox River (the "Fox River Shares"), other than the Fox River Shares currently held by Avenir Minerals and its affiliates, by way of a statutory plan of arrangement under the Canada Business Corporations Act (the "Transaction"). Property Highlights Fox River holds a 100% interest in the Martison Phosphate Project near Hearst, Ontario.