February 12, 2024
The TSX Venture Exchange has accepted for filing the company’s qualifying transaction described in its filing statement dated Jan. 31, 2024. As a result, at the opening on Wednesday, Feb. 14, 2024, the company will no longer be considered a capital pool company.
The arm’s-length qualifying transaction includes that displayed herein, all of which have been accepted by the exchange.
Acquisition of Copperex Resources Corp.
The company acquired all of the issued and outstanding shares of Copperex Resources Corp. pursuant to an amalgamation agreement dated Oct. 13, 2023. As consideration for the acquisition of Copperex, the company issued 57,063,039 preconsolidation common shares (equivalent to 19,021,013 postconsolidation common shares) (not including the common shares issued in the subscription receipt financings). Copperex holds interests in the Exploradora Norte and Kio Buggy properties located in Chile and the La Rico property in Peru.
Finder’s fee: N/A
In connection with the qualifying transaction, Copperex completed a non-brokered private placement raising gross proceeds of $1,955,403 through the issuance of 2,607,204 subscription receipts at a price of 75 cents per subscription receipt. The subscription receipts automatically converted in connection with the closing of the qualifying transaction, with each subscription receipt holder ultimately receiving one postconsolidation common share and one-half of one postconsolidation share purchase warrant for each subscription receipt held.
The exchange has been advised that the transaction was completed on Feb. 8, 2024.
For further information, please see the filing statement and the company’s news releases dated Aug. 16, 2023, Oct. 16, 2023, Jan. 18, 2024, Feb. 2, 2024, and Feb. 8, 2024, all of which are available on SEDAR+.
