Galaxy Ventures sets October 27 as target date for TruSilver trading
Per ACCESS Newswire, Galaxy Ventures expects its TruSilver deal to close around October 20, with TSXV trading under TAG targeted for about October 27.
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what happened
According to ACCESS Newswire, Galaxy Ventures Inc. (GXY.P) expects to finish its qualifying transaction with TruSilver by about October 20. The resulting company, TruSilver Metals Corp., would then start trading on the TSXV under the symbol TAG around October 27, subject to final approval from the exchange.
Before the closing, the company plans a share consolidation at a ratio of 1 to 2.5. A concurrent financing of $2.83 million has also closed, with proceeds earmarked for initial drilling and working capital.
Once relisted, the issuer is expected to fall under the Tier 2 Mining Issuer category, which points to an early-stage exploration profile.
why it matters
For the market, two points stand out. The TruSilver transaction is the condition for resuming trading and setting a new capital structure, so the shares stay halted until it closes. The consolidation will change the share count and price level, which may affect retail interest. The fresh funding reduces near-term financing risk, but the project remains at an exploration stage.
tags
instruments
sources
- Galaxy Ventures Inc. (GXY.P) Sets Oct. 27 Start for Trading as TruSilver — accessnewswire.com, 16 October 2026 at 00:10 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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