One Bullion Limited - Closing of $5.3M Financing, Completion of RTO, and Expected Commencement of Trading on the TSX Venture Exchange

Overview

One Bullion Limited (formerly Imperial Ginseng Products Ltd.) announced it has completed a previously announced business combination with the private company formerly named One Bullion Limited, a private Ontario incorporated gold exploration company headquartered in Toronto, Ontario with projects in Botswana, Africa. The company also reported a brokered private placement of subscription receipts for gross aggregate proceeds of $5,326,202 in connection with the transaction. Subject to final TSX Venture Exchange approval, the company’s common shares are expected to begin trading on the TSX Venture Exchange under the symbol "OBUL" effective at the open of trading on December 22, 2025.

Key Highlights

• Shares are expected to begin trading on the TSX Venture Exchange under the symbol "OBUL" on December 22, 2025, subject to final TSX Venture Exchange approval.
• Brokered private placement of subscription receipts completed for gross aggregate proceeds of $5,326,202.
• The company consolidated its issued and outstanding common shares on the basis of one new common share for every 1.25 old common shares.
• In total, the company issued an aggregate of 174,683,983 common shares (post-consolidation) to former One Bullion Limited shareholders.
• Warrants issued in connection with the financing are exercisable at $0.48 per share for two years from the date of issuance, subject to acceleration.
• Cash commissions of $55,977 were paid, and 211,049 compensation warrants were issued in connection with the financing.
• Compensation warrants are exercisable at $0.36 per share for two years following the closing of the concurrent financing, subject to acceleration.
• An aggregate of 24,026,719 common shares and 12,900,000 stock options were placed in escrow under a value security escrow agreement.

Strategic & Operational Context

The company stated that, with the closing of the transaction and concurrent financing, it is positioned to accelerate exploration efforts across gold projects located in Botswana’s Tati and Kraaipan Greenstone Belts. The company’s property spans approximately 8,004 km2 and includes three gold projects across two districts.

Resources & Financials

• Gross proceeds of $5,326,202 from the concurrent financing.
• Proceeds are expected to be used to support costs incurred in connection with the transaction and for exploration, working capital and general corporate purposes.
• Property position: approximately 8,004 km2 across three exploration projects in Botswana.

What to Watch Next

• Final approval of the transaction by the TSX Venture Exchange.
• Expected commencement of trading on the TSX Venture Exchange under "OBUL" effective at the open of trading on December 22, 2025.
• Mailing of letters of transmittal by Computershare Investor Services Inc. to pre-transaction shareholders with instructions for exchanging pre-consolidation share certificates for post-consolidation share certificates.

Commentary

The announcement combines a completed reverse takeover transaction with a reported $5,326,202 financing intended to fund transaction costs and ongoing exploration and corporate needs. The key near-term milestone disclosed is final TSX Venture Exchange approval, with trading expected to commence under the new symbol "OBUL" on December 22, 2025.

About One Bullion Ltd.

Established in 2018, One Bullion is a gold exploration company headquartered in Toronto, Ontario. The company owns three exploration projects covering an aggregate of 8,004 km2 of land in Botswana. One Bullion states it is focused on becoming a world-class mining and exploration company, committed to environmental stewardship, supporting local communities in Botswana, and delivering long-term value to stakeholders.

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