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Imperial Ginseng Products ( (TSE:IGP) ) has provided an update.
One Bullion Limited has completed its reverse takeover transaction with the former private One Bullion Limited and closed a concurrent brokered private placement raising approximately $5.3 million, paving the way for its shares to begin trading on the TSX Venture Exchange under the new ticker “OBUL” on December 22, 2025. Following the share consolidation, name change and amalgamation steps, the company issued roughly 174.7 million post-consolidation common shares to former One Bullion shareholders, released the escrowed financing proceeds, and converted subscription receipts into equity and warrants, leaving One Bullion with a strengthened balance sheet and capital base to accelerate exploration across its large-scale gold properties in Botswana, a development that aligns the company for more aggressive exploration and potentially enhances its visibility and positioning in the junior mining sector.
More about Imperial Ginseng Products
One Bullion Limited, formerly Imperial Ginseng Products Ltd., is a Toronto-headquartered gold exploration company with projects in Botswana, Africa. The company’s portfolio covers about 8,004 square kilometres across the highly prospective Tati and Kraaipan Greenstone Belts, where it is focused on advancing three gold projects with significant discovery potential.
Technical Sentiment Signal: Buy
Current Market Cap: C$711.7K
For an in-depth examination of IGP stock, go to TipRanks’ Overview page.