Pursuant to the letter of intent, the Company is proposing to acquire 100% of the outstanding shares of West Pacific in consideration for shares of the Company. The resulting company will apply to list on the Canadian Securities Exchange ('CSE'). West Pacific holds the right to acquire a 100% interest in eight copper focused projects (the 'Property') in northern
'This presents an excellent opportunity for the Company to acquire a significant land position of nearly 58,000 hectares of highly prospective land that neighbours Majors operating in the area in one of the best known copper regions in the world,' said
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Completion of the transaction is subject to a number of conditions. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular orfiling statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative. This news release does not constitute an offer of securities for sale in
This news release may include forward-looking statements that are subject to risks and uncertainties and can be identified by the use of forward-looking terminology such as 'expected', 'will be', 'anticipated', 'may' or variations of such words and phrases or statements that certain actions, events or results 'will' occur. All statements within, other than statements of historical fact, are to be considered forward looking. Forward looking statements in this news release include but are not limited to: the structure of the Transaction; the Company's filing statement; the closing of the Transaction and concurrent financing; the share ownership percentages of the resulting company; the composition of the board and management of the resulting company; the name change of the Company and the trading halt of the Company's common shares. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward looking statements except as required under the applicable laws.
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