Keon Capital Inc. Eyes Uranium Assets in Northern Saskatchewan Through Option Agreement
Vancouver, B.C. – June 12, 2026 – Leads & Copy – Keon Capital Inc. announced Friday it has entered into an option agreement to acquire a 100 per cent interest in five mineral licenses prospective for uranium in Northern Saskatchewan. The property, known as the Crusader Property, covers approximately 2,771 hectares.
Under the terms of the agreement, Keon has the option to earn its interest by completing two obligations within 10 business days of the TSX Venture Exchange’s approval of the deal. These include paying $12,500 to the optionor, AJMining Ventures Ltd., and issuing 7,000,000 Keon common shares. Any shares issued will be subject to statutory hold periods and a contractual six-month hold.
The optionor, its principals, and shareholders are at arm’s length from Keon, meaning the transaction does not involve a “Non-Arm’s Length Party” or a “related party transaction” under exchange policies.
This transaction is intended to facilitate Keon’s graduation from the NEX board to Tier II of the TSX Venture Exchange. Trading of Keon’s shares remains halted and will resume at the Exchange’s discretion, pending completion of certain requirements. The Exchange will require Keon to hold an annual general meeting by Sept. 15, 2026, as a condition for final acceptance of the transaction. Upon acceptance, Keon will be classified as a Tier II “Mining” issuer.
In conjunction with the option agreement, Keon plans to conduct a non-brokered private placement to raise up to $500,000. The offering will consist of up to 6,666,667 units at $0.075 per unit. Each unit comprises one common share and one share purchase warrant, exercisable for an additional share at $0.10 for two years. Finder’s fees may be paid in connection with the private placement. Securities issued will be subject to a four-month hold period.
Proceeds from the private placement are earmarked for exploration on the Crusader Property and general working capital. Further details regarding the option agreement and the private placement will be released in subsequent announcements.
The press release noted that the securities offered have not been registered in the United States and may not be offered or sold within the U.S. or to U.S. persons without registration or an applicable exemption.
Source: Keon Capital Inc.
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