TORONTO, March 16, 2026 (GLOBE NEWSWIRE) -- McChip Resources Inc. (the "Company") (TSX-V:MCS-X) today announces that, in addition to the dispositions disclosed on September 4, 2025, it has completed additional dispositions of marketable securities.
From September 10, 2025 to December 23, 2025, the Company sold marketable securities through a series of arm's length transactions, generating aggregate gross proceeds of approximately $2.08 million. These dispositions took place as part of the Company's ongoing portfolio liquidation strategy and included the sales of securities of several public companies. During 2025, the Company completed dispositions (the "2025 Dispositions") of marketable securities for aggregate gross proceeds of $8,039,688.
The Company has obtained the written consent of holders of more than 50% of the outstanding common shares for the Dispositions in accordance with TSX Venture Exchange (the "Exchange") Policy 5.3. The Dispositions have been approved by the Exchange.
For further information contact:
Edward G. Dumond
Corporate Secretary
289-231-4765
McChip Resources Inc
Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Certain statements in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information contained in forward-looking statements can be identified by the use of words such as "are expected", "is forecast", "is targeted", "approximately", "plans", "anticipates", "projects", "continue", "estimate", "believe" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information involves a number of known and unknown risks and uncertainties, which, if incorrect, may cause actual results to differ materially from those anticipated by the Company. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Accordingly, readers should not place undue reliance on forward-looking information.
For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent management's discussion and analysis, as well as other public disclosure documents that can be accessed under the issuer profile of "McChip Resources Inc" on SEDAR at www.sedarplus.com. The forward-looking information set forth herein reflects the Company's reasonable expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The forward- looking information contained in this news release is expressly qualified by this cautionary statement.
