Gold Candle completes Fokus Mining takeover

ROUYN-NORANDA, Quebec and TORONTO, April 22, 2026 (GLOBE NEWSWIRE) -- Fokus Mining Corporation (“ Fokus ”) (TSXV:FKM) (OTCQB:FKMCF) and Gold Candle Ltd. (“ Gold Candle ”) today announced the successful completion of the previously-announced statutory plan of arrangement (the “ Arrangement ”) whereby Gold Candle acquired all of the issued and outstanding common shares in the capital of Fokus (the “ Shares ”) for $0.26 per Share. The Arrangement valued Fokus at approximately $63 million on an equity value basis.