On March 17, 2026, Clinch Resources Ltd., a company focused on the production, development and exploration of metallurgical coal assets in the United States, announced the completion of its business combination transaction, which resulted in a reverse takeover of the company by the securityholders of Arrow Resources Limited.
In connection with the transaction, the Company, through a special purpose financing entity, completed a brokered private placement of subscription receipts for gross proceeds of approximately US$28.2 million, as well as a non‑brokered private placement of convertible notes for gross proceeds of approximately US$17.8 million.
The common shares of Clinch have commenced trading on the Toronto Stock Exchange under the symbol “CLCH”.
Cassels acted for Arrow.