Kintavar to Purchase Au-Cu Roger Project from XXIX Metal Corp. and Orecap Invest Corp. and Announces Change in Management

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[{"type":"text","content":"Kintavar to Purchase Au-Cu Roger Project from XXIX Metal Corp. and Orecap Invest Corp. and Announces Change in Management\n\n\n\n MONTREAL, April 22, 2025 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “\n \n Corporation\n \n ” or “\n \n Kintavar\n \n ”) (TSX-V: KTR), is pleased to announce that it has entered into an asset purchase agreement dated April 21, 2025 (the “\n \n APA\n \n ”) with XXIX Metal Corp. (TSX-V: XXIX) and Orecap Invest Corp. (TSX-V: ORI) (collectively, the “\n \n Vendors\n \n ”), two TSX Venture Exchange (“\n \n TSXV\n \n ”) listed mining issuers, to purchase 100% interest in the 987-hectare Roger project (the “\n \n Transaction\n \n ”) located in the Chibougamau mining district within the Abitibi greenstone belt (the “\n \n Roger Project\n \n ”) for a purchase price of $2,137,500 (the “\n \n Purchase Price\n \n ”).\n \n\n The Purchase Price is fully payable as of the closing date of the purchase of the Roger Project, via the issuance of class A common shares of the Corporation (the “\n \n Common Shares\n \n ”) at a deemed price of $0.025 per Common Share.\n \n\n The Transaction is subject to the satisfaction of various conditions, including but not limited to: (i) the completion of the transfer and sale of good and marketable title of the Roger Project; (ii) the exercise of the option agreement by the Vendors to SOQUEM Inc.; (iii) the working capital of the Corporation being equal to or greater than $3,625,000, and (iv) the receipt of all requisite regulatory or governmental authorizations and consents (as applicable), including but not limited to approval of the TSXV and shareholders of the Corporation.\n \n\n The Roger Project is an advanced-stage Au-Cu porphyry exploration project that has gone through multiple drill campaigns totaling 58,000 metres. A 43-101 resource estimate was published in 2018. At a cut-off grade of 0.45 g/t gold-equivalent, the Indicated Resource is estimated at 10,900,000 metric tonnes at a grade of 0.85 g/t of gold, 0.80 g/t of silver and 0.06% of copper for a total of 333,000 ounces of gold-equivalent, while the Inferred Resource is estimated at 6,569,000 metric tonnes at a grade of 0.75 g/t of gold, 1.18 g/t of silver and 0.11% of copper for a total ...

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