ONE BULLION LTD.
RTO Subscription Receipt Financing
A minimum of $5,000,000
up to a maximum of $10,000,000

Our client, One Bullion, has spent the last 4 years advancing the largest gold exploration land package in all of Botswana (8,000 km2). With $11 million of exploration spent over three projects identifying 70 targets (22 high priority) and 26 gold occurrences, it's now time to put the Company into overdrive.  With TSX Venture Exchange conditional approval in hand, the Company’s RTO subscription receipt financing is now underway. 

The Offering:

• A minimum of 13,888,888 up to a maximum of 27,777,777 Subscription Receipts

• Each Subscription Receipt priced at $0.36

• Each Subscription Receipt is convertible into a Unit which consists of one Common Share of the Company and one Share Purchase Warrant

• Upon completion of the RTO Transaction, the resulting Units will become free trading 

• Each Warrant will entitle the holder to purchase one Common Share of One Bullion Ltd. (“One Bullion” or the “Company”) at a price of $0.48 for a period of 24 months from issuance

• In the event that the closing price of the Company's shares is equal to or exceeds $1.00 per share for any 10 consecutive trading day period on the TSXV (or such other recognized securities exchange), One Bullion may accelerate the expiry date of the Warrants by providing 30 days' notice by way of press release

• Subscription Receipt conversion and Escrow details:

  • The gross proceeds of the Financing, less the commission and expenses payable to the Agents pursuant to an Agency Agreement (the “Escrowed Funds”), shall be deposited into escrow with a mutually acceptable escrow agent

  • In the event that certain release conditions in connection with the Subscription Receipts (collectively, the “Release Conditions”) are satisfied on or prior to November 28, 2025:

    • the Subscription Receipts shall, without any further action on behalf of any holder thereof or consideration, convert into Units of the Company and

    • the Escrowed Funds shall be released from escrow to One Bullion

  • In the event that the Release Conditions are not satisfied on or prior to November 28, 2025:

    • the purchase price paid for the Subscription Receipts shall be refunded to the subscribers without interest or deduction

    • the Subscription Receipts shall be canceled and

    • no party shall have any further obligations in respect thereof

• The offering is available to investors utilizing the accredited investor exemption

• The offering is NOT RRSP or TFSA eligible

If you have an interest in participating or would like more information,
please contact Marshall Farris at 604-837-4774 or marshall@ascentafinance.com.

Exchange: TSXV (to be listed)
Symbol: N/A
Current Share Price: $0.36

Corporate Structure:

Use of Proceeds:

Proceeds from the RTO are expected to be directed toward advancing the Company’s exploration and development strategy across its Botswana portfolio. The budget allocates funding toward key initiatives, including:

• Exploration Drilling Programs: Immediately advancing delineation and definition of initial phase 1 drilling at the Vumba (4000m) and Maitengwe (3800m) projects to expand known mineralization and support resource modeling.

• Geophysical and Geochemical Surveys: Completion of airborne magnetic, surface, and soil programs to refine target areas and optimize drill placement at Vumba, Maitengwe and Kraaipan.

• Technical and Geological Studies: Data compilation, core logging, sampling, and metallurgical testing to support future resource estimation and project evaluation.

• Operational Infrastructure and Field Support: Site preparation, logistics, personnel, and safety systems to support expanded field operations and expanded hiring of local team to manage the drill operations.

• Regulatory, Environmental, and Community Engagement: Completion of environmental baseline studies at Kraaipan project.

• Corporate and Working Capital: Transaction costs, legal and preparation of Nasdaq listing documents for 2026.

Recent News Release:

October 9, 2025 - Imperial Ginseng Provides Further Update on Transaction with One Bullion

RTO Transaction Summary:

The RTO Transaction is set to be effected by way of a three-cornered amalgamation, without court approval, under the provisions of the Business Corporations Act (Ontario), pursuant to which (i) the Imperial Ginseng Products Ltd. (TSXV:IGP) (“Imperial”) will complete a consolidation of its issued and outstanding common shares (“Imperial Shares”) on the basis of one (1) “new” Imperial Share for every 1.25 “old” Imperial Shares (the “Consolidation”); (ii) NewCo and One Bullion will amalgamate (the “Amalgamation”) to form a new amalgamated entity which will continue as a wholly-owned subsidiary of Imperial and carry on the business of One Bullion; and (iii) the former shareholders of One Bullion (collectively, the “One Bullion Shareholders”) (other than dissenting One Bullion Shareholders) shall receive one Imperial Share (on a post-Consolidation basis) for each common share of One Bullion (“OBL Share”) held (including all OBL Shares issued pursuant to the Concurrent Financing and upon the due conversion of certain convertible debentures of One Bullion).

About One Bullion Ltd.:

One Bullion Ltd. (“One Bullion” or the “Company”) is the largest gold exploration company in Botswana, offering an unmatched opportunity in a prime mining region.

Extensive Landholding

One Bullion controls 8,004 km² of Botswana with three promising gold projects, two of which have high discovery potential.

High Gold Potential

Three greenstone belts with 147 km exposure and 26 gold occurrences provide diverse exploration opportunities.

Favorable Jurisdiction

Botswana’s stable government and pro-mining policies create a secure environment for gold mining with reduced risks.

Click Here to view the One Bullion website
Click Here to view the One Bullion Investor Deck
Click Here to view the One Bullion Fact Sheet

PLEASE NOTE THAT MEMBERS OF
ASCENTA MAY PARTICIPATE IN THIS OFFERING.

The Company has agreed to pay Ascenta a finder’s fee of 8% cash and 8% brokers warrants.

The statements and statistics contained herein were obtained from sources believed to be reliable, but Ascenta cannot represent that they are accurate or complete.

THIS INVESTMENT IS RISKY AND YOU COULD LOSE YOUR ENTIRE INVESTMENT AMOUNT.  
Consult with your investment advisor, legal or tax professionals before investing.