Pace Metals Finalizes Plans for Compton Mining Acquisition

Pace Metals Ltd. has announced a definitive agreement to acquire Compton Mining Corp., marking a pivotal step in its strategic expansion. The completion of the proposed transaction involves a reverse takeover, as defined by TSX Venture Exchange policies. Compton shareholders will receive approximately 20.5 million shares, valued at $0.25 each, in Pace Metals, which will rebrand as "Total Metals Corp."

The agreement outlines a three-cornered amalgamation, merging Compton with Pace's subsidiary. New management, led by Tyler Thorburn as CEO, will assume control post-acquisition. A crucial condition is Compton's successful financing of $1.25 million, achieved through a best-efforts private placement. Shareholder approval is not required for this arm's length transaction.

The successful conclusion remains subject to TSXV approval and other conditions. Investors are urged to exercise caution, as transaction completion is not guaranteed. Further details are available in Pace Metals' previous announcements.