Bayshore Minerals Inc. entered into a non-binding letter of intent to acquire Freeform Capital Partners Inc. (TSXV:FRM.P) in a reverse merger transaction for CAD 14.7 million on August 5, 2020. Under the terms of the letter of intent, Freeform will issue approximately 32 million common shares in exchange of all the issued and outstanding shares of Bayshore. As per the terms, Bayshore's shareholders will receive one Freeform Share for every two and a half Bayshore shares. The definitive agreement was signed on August 31, 2020. Freeform will change its name to "Gold Mountain Mining Corp." or such other name as agreed to by Freeform and Bayshore. Bayshore will complete a private placement to raise a minimum of CAD 4 million through the issuance of subscription receipts. As of October 6, 2020, Canaccord Genuity and Gravitas Securities Inc. have agreed to act as co-lead agents, on a best efforts basis, in connection with a private placement of subscription receipts for aggregate gross proceeds targeted to be CAD 10 million. As of November 24, 2020, Bayshore Minerals completed the private placement of 5,185,433 subscription receipts at a price of CAD 0.90 per Subscription Receipt raising gross proceeds of CAD 4.7 million.

Following closing it is expected that the resulting issuer's Board and management team will be made up of Directors and officers from both Bayshore and Freeform. Upon the closing of the transaction, it is anticipated that the following individuals will form the Board of Directors and management of Freeform as the Resulting Issuer, Kevin Smith, Director and Chief Executive Officer, David Tafel, Director, Howard Jones, Director, Gerald Carlson, Proposed Director, Keith Minty, Proposed Director, Blake Steele, Proposed Director, Ronald Woo, Proposed President, Grant Carlson, Proposed Chief Operating Officer, Alex Bayer, Proposed General Counsel and Corporate Secretary and Braydon Hobbs, Proposed Chief Financial Officer.

The proposed transaction is subject to, but not limited to, the finalization of both parties of a definitive agreement, due diligence, the approval by regulatory authorities, including the approval of the TSX Venture, third-party approvals, completion of the Bayshore Offering, approval of Freeform and Bayshore Boards, approval by the shareholders of Bayshore and Freeform and the number of Bayshore common shares in respect of which shareholders have dissented shall not exceed 5% of the number of issued and outstanding Bayshore common stock. The parties have agreed to negotiate in good faith to reach the Definitive Agreement on or before September 30, 2020. As of September 15, 2020, Bayshore Minerals shareholders approved the transaction. As of December 15, 2020, Freeform received conditional approval from the TSX Venture Exchange with respect to the transaction. Bernard Poznanski of Koffman Kalef LLP acted as legal advisor for Freeform.