Prospectiva completes CPC deal, lists on TSX-V with C$3.68M raise
What's the deal? Pentagon I Capital Corp.Dealroom has a profile for this one. Try Dealroom → has completed its qualifying transaction with Prospectiva Resources Ltd.Dealroom has a profile for this one. Try Dealroom → (ProspectivaDealroom has a profile for this one. Try Dealroom → UK), a privately held copper and gold explorer operating in Brazil. The combined company has renamed itself Prospectiva Resources and expects to begin trading on the TSX Venture Exchange under the symbol PSVA on or about August 14, 2026.
What's the endgame? The resulting issuer now carries on Prospectiva UK's business as a mineral exploration company. Its focus is the wholly owned Borborema project, held via subsidiary Terra Firme Exploracao Mineral Ltda.Dealroom has a profile for this one. Try Dealroom →, in Brazil's Pernambuco and Paraiba states.
How was it structured? Under the July 7, 2026 agreement, a Pentagon subsidiary amalgamated with Prospectiva Canada Finco Inc.Dealroom has a profile for this one. Try Dealroom →, and Pentagon acquired all of Prospectiva UK's ordinary shares. Holders received one resulting issuer share for each Prospectiva ordinary share on a post-consolidation basis. Ahead of closing, Pentagon consolidated its shares on a 1-for-5.8725 basis and completed the name change, both approved at a shareholder meeting on August 27, 2025.
The offering: Prospectiva UK and Pentagon raised aggregate gross proceeds of C$3,681,483 through 4,545,041 subscription receipts priced at 81 cents each. That comprised a brokered placement of 2,895,900 receipts for C$2,345,679, led by Paradigm CapitalDealroom has a profile for this one. Try Dealroom → as sole agent and bookrunner, plus a non-brokered placement of 1,649,141 receipts for C$1,335,804.21.
What's next? Prospectiva has made its final submission to the TSX-V under Capital Pool Company policy to seek acceptance. Trading remains halted until the exchange determines the company has met all requirements.
The signal: The deal is a textbook example of a capital pool company completing its qualifying transaction — the TSX-V mechanism that lets private mineral explorers reach public markets by merging with a listed shell.
Read more: Stockwatch
Image credit: James St. John
