19 August 2025
Vancouver, B.C., August 19, 2025 - Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) (“Forum” or the “Company”) is pleased to announce that, at the special meeting (the “Meeting”) of holders (“Shareholders”) of common shares in the capital of the Company (“Shares”) held today, Shareholders overwhelmingly voted in favour of the previously announced plan of arrangement (the “Arrangement”) with Baselode Energy Corp. (“Baselode”).
Under the Arrangement, Baselode will acquire all of the issued and outstanding Shares in exchange for 0.3535 of a Baselode common share (each whole common share of Baselode, a “Baselode Share”) for each Share held (the “Exchange Ratio”). Forum’s outstanding options will be exchanged for options of Baselode, and its outstanding warrants will become exercisable for Baselode Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio.