On October 22, 2025, Kelly Ventures Ltd. (TSXV: KKL.P), a capital pool company, and Belag S.A. entered into a binding letter of intent setting out the terms under which Kelly Ventures intends to complete a business combination with VulEnergy. The transaction remains subject to the negotiation and execution of a definitive agreement, a concurrent financing, and applicable regulatory approvals. Full terms, including the cautionary note regarding forward-looking information, appear in the original release.
For informational purposes only. This does not constitute an offer to sell or a solicitation of an offer to buy any securities.
