ReSolve Energie Inc. Completes Reverse Takeover of QNB Metals Inc.
Montréal, Québec — October 22, 2025 — Leads & Copy —
ReSolve Energie Inc. (CSE : RESO) has announced the completion of a reverse takeover (RTO) transaction of QNB Metals Inc.
Ian C. Peres, president and CEO of QNB Metals, stated that the closing of the RTO transaction and financing positions the company favorably to advance towards full commercialization of its green energy production technologies, currently patent-pending, while providing access to government grant programs and other funding sources. The resumption of trading is expected upon final acceptance by the CSE.
On October 21, the company completed its previously announced non-brokered private placement by issuing 10,000,000 subscription receipts at $0.25 per receipt, for gross proceeds of $2,500,000. Each subscription receipt was converted into one post-consolidation common share. Proceeds will advance ReSolve’s renewable energy projects and general working capital needs.
Under the definitive share exchange agreement dated July 4, 2025, the company acquired all common shares of ReSolve Energie Holding Inc. for 18,000,000 common shares of the company at a deemed price of $0.25 per post-consolidation share.
The company has changed its name from “QNB Metals Inc.” to “ReSolve Energie Inc.” and consolidated its common shares on a five-to-one basis. As of the present date, the company has 36,549,992 common shares issued and outstanding.
The entire board of directors and senior management of the company remain in place, with the addition of André Proulx, former president of ReSolve, appointed executive chairman to the board. Byron D’Silva has also been appointed chief financial officer (CFO) of the company.
Trading of the company’s common shares is expected to resume on the Canadian Securities Exchange (CSE) under the new symbol “RESO”.
Shareholders approved the transaction at the annual and extraordinary meeting held on July 30, 2025, including the name change, stock symbol, share consolidation, and $2,500,000 financing. The CSE granted conditional approval to the transaction on September 4, 2025, with financing as one of the final conditions for approval. Finalization of the transaction remains subject to customary conditions, including final acceptance of the CSE and regulatory approvals.
The joint venture previously entered between the company and ReSolve Energie Holding Inc. has been terminated. Additional information will be provided in the listing statement to be filed on SEDAR+ at www.sedarplus.ca.
The company is dedicated to the development and commercialization of advanced biofuel and renewable energy technologies, as well as the exploration of natural hydrogen resources.
Contact:
Ian C. Peres, CPA, CA
President & CEO
+1.416.579.3040
Source: ReSolve Energie Inc.
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