06:46 AM EDT, 10/14/2025 (MT Newswires) -- Prime Mining Corp. ( PRMNF ) announced Tuesday receipt of a clearance decision from the Mexican Antitrust body, COFECE, with respect to the company's plan of arrangement with Torex Gold Resources ( TORXF ) , whereby Torex will, among other things, buy all of the issued and outstanding shares of Prime.

Pursuant to the arrangement, shareholders of Prime will receive 0.060 of a common share of Torex for each Prime Share held, a statement noted.

Scott Hicks, CEO, said, "A key regulatory approval, the decision represents an important step towards the successful completion of the arrangement for Prime and Torex."

Subject to the satisfaction or waiver of all conditions precedent to the arrangement, it is anticipated to be completed during the week of October 20. Following the closing of the arrangement, Prime shares are expected to be delisted from the Toronto Stock Exchange, the OTCQX and the Frankfurt Stock Exchange. Following the de-disting, an application will be made for the company to cease to be a reporting issuer under applicable Canadian securities laws.