Company: LINMF
Filing Date: 2025-08-01
Form Type: 20-F
Source: 0001176256-25-000065
Chunk: 61

Company: Linear Minerals Corp
Filing Date: 2025-08-01
Form: 20-F
Item: Item 7
Chunk 61
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ITEM 7.   MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
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A.   Major Shareholders
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The Company is a publicly traded corporation, incorporated in the province of British Columbia, the registered shareholders of which include residents of the United States, residents of Canada and other foreign residents. To the extent known by the directors and executive officers of the Company, the Company is not directly or indirectly owned or controlled by another corporation.

To the knowledge of the directors and executive officers of the Company as at July 29, 2025, there are no holders of 5% or more of the common shares of Linear Minerals .

The above information was obtained from SEDAR+ at www.sedarplus.ca

All shareholders, including major and/or controlling shareholders have the same voting rights with respect to the issued common shares.

The Company’s securities are recorded on the books of its transfer agent in registered form; however, the majority of such shares are registered in the name of intermediaries such as brokerage houses and clearing houses on behalf of their respective brokerage clients, and Linear Minerals does not have knowledge of or access to information about the beneficial owners thereof. To the best of its knowledge, Linear Minerals is not directly or indirectly owned or controlled by a corporation or foreign government. As of July 29, 2025, the Company had authorized an unlimited number of common shares without par value of which 61,335,286 were issued and outstanding.

The Company is not aware of any arrangements between shareholders or other persons which may result in a change of control of the Company.

B.   Related Party Transactions
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During the years ended March 31, 2025, 2024, and 2023, the Company:

a)   paid $280,050 (2024 - $234,800, 2023 - $200,000) to non-independent director and officers of the Company;
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b)   paid fees to independent directors of $12,100 (2024 - $16,000, 2023 - $25,100);
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c)   made share-based payments of $114,900 (2024 - $1,455,180, 2023 - $600,000).
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As at March 31, 2025, an amount of $142,889 for fees and/or expenses owed to directors and officers are included in amounts due to related parties (March 31, 2024 $254,869