Tactical Resources Announces Major Business Combination

Tactical Resources Corp. (TSE:RARE) has released an update.

Tactical Resources Corp. is set to undergo a significant transformation through a proposed business combination with Plum Acquisition Corp. III, where Tactical Resources will emerge as a wholly owned subsidiary of the newly named Pubco. The deal is based on a pre-transaction equity value of US$500 million for Tactical Resources and will result in its securityholders owning approximately 82% of Pubco post-Closing. The pro forma enterprise value of Pubco is estimated at US$589 million, but this figure is subject to change at the actual time of Closing.

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