ECC Ventures 6 Corp. (TSXV: ECCS.P) announced on November 10, 2026 that the TSX Venture Exchange has approved its filing statement for a qualifying transaction to acquire LCM Energy Solution Inc., a British Columbia holding company with green energy operations in South Korea. The deal, first announced September 30, 2025, would see ECC6 amalgamate with LCM and rename itself LCM Energy Solution Inc., listed as a technology issuer. Investors may be watching the transaction closely, as the company's shares remain halted pending closing and are expected to resume trading under the ticker symbol "LCM."

Key Points

  • ECC Ventures 6 Corp. (TSXV: ECCS.P) has received Exchange approval of its qualifying transaction filing statement
  • The company proposes to acquire LCM Energy Solution Inc., whose South Korean subsidiary focuses on wind, battery, and solar technologies
  • LCM shareholders will receive 50,783,332 Resulting Issuer Shares at a deemed price of $0.45 per share; a minimum $8,400,000 private placement is a closing condition
  • Closing is expected prior to the end of 2026, subject to regulatory approvals and financing completion

LCM Korea's Three Green Energy Technology Pillars

LCM Energy Solution (Korea) Inc., the principal operating entity, is developing three green energy technologies. Its primary focus is the Nova Wind Turbines — bidirectional vertical small wind power generation systems that combine wind and solar modules with a proprietary slip-ring designed to replace traditional mercury-type slip rings. LCM Korea is also developing customised lithium battery solutions for e-mobility, energy storage, and special market sectors, alongside an integrated software management platform for battery-equipped vehicles and devices. A third business line involves patented solar street lighting systems.

Acquisition Structure and Share Consideration at $0.45 Deemed Price

Under the amalgamation agreement dated September 26, 2025, as amended, LCM shareholders will collectively receive 50,783,332 Resulting Issuer Shares at a deemed price of $0.45 per share, with 42,800,000 of those shares subject to escrow and resale restrictions. Existing ECC6 securityholders will retain 5,650,000 Resulting Issuer Shares, 565,000 stock options exercisable at $0.10, and 200,000 agent's options exercisable at $0.10 until December 17, 2026. Golden Gate Capital Inc. will receive 2,472,500 finder's fee shares at $0.45 per share as an arm's-length finder.

$8.4 Million Non-Brokered Private Placement Required to Close

A non-brokered private placement of subscription receipts must raise minimum gross proceeds of $8,400,000 — through at least 18,666,667 subscription receipts priced at $0.45 each — before the acquisition can close. Funds will be held in escrow until regulatory conditions are met, at which point each receipt automatically converts into one Resulting Issuer Share. If the acquisition does not complete, subscription funds will be returned to investors. The release states proceeds are intended for product commercialisation and general working capital.

Reconstituted Board Led by Ryan Kim as Proposed CEO

Upon closing, the Resulting Issuer's leadership will include Ryan Kim as proposed CEO and Director, Seul Chan Lee as proposed Chairman and Director, Xiao Nan (Nancy) Zhao as proposed CFO and Corporate Secretary, and Doug McFaul and Gary Anderson as proposed Directors. The company's shares will resume trading under the symbol "LCM" following publication of a final Exchange bulletin confirming closing. Closing remains subject to final Exchange approval and satisfaction of all customary conditions.