Toronto, Ontario — November 4, 2025 — Leads & Copy — Deveron Corp. (TSXV: FARM) will sell all its assets, including a 66.6% equity holding in A&L Canada Laboratories East, Inc. to Rock River Laboratory Inc. affiliates, according to an announcement from the agriculture services and data company. The share and asset purchase agreement is dated November 3, 2025. Aqua Capital will provide equity to the transaction and remain Rock River’s controlling shareholder.
Rock River will pay US$36.4 million for the transaction, including the minority interest in A&L East. The company and minority vendors will receive cash, secured seller notes, and equity in Rock River. Deveron will receive US$10.6 million, including US$4.8 million in cash, US$3.4 million in seller notes, and US$1.4 million in Rock River equity. Common shareholders will receive US$1 million in cash as a return of capital, about $0.0067 per share.
Over 66.6% of creditors have agreed to accept $0.47 per dollar of the principal amount owed, including accrued interest for convertible debenture holders. This includes $0.31 per dollar owed of seller notes, $0.11 per dollar owed in Rock River Equity and $0.05 per dollar owed in potential earn-out consideration.
The purchase agreement includes payment of a US$2 million termination fee if the company receives a superior proposal. Completion of the transaction is subject to shareholder approval and TSXV approval. A shareholder meeting is planned for December 31, 2025. Trading of Deveron shares has been halted since November 1, 2024, and will remain halted after the deal closes.
David MacMillan, President & CEO, Deveron Corp., dmacmillan@deveron.com, Tel: 647-963-2429
Source: Deveron Corp.
