M&A - Blyvoor Gold Resources (Proprietary) Ltd

Form Type: NT 20-F

Filing Date: 2025-06-30

Corporate Action: Merger

Type: Update

Accession Number: 000182912625004795

Filing Summary: Blyvoor Gold Resources Proprietary Limited and its co-registrants entered into a Business Combination Agreement with Rigel Resource Acquisition Corp. on March 11, 2024. This agreement involves a merger transaction that is elaborated in a proxy statement/prospectus filed on Form F-4, which was declared effective on January 14, 2025. The consummation of the Business Combination is pending due to outstanding conditions that need to be satisfied. The delay in finalizing this merger has diverted management's attention and has caused them to be unable to complete the annual report on Form 20-F for the fiscal year ended February 28, 2025 by the due date. However, they are currently in the process of completing this report and expect to file it within the time frame allowed by the relevant rules.