Business
CopAur Minerals Acquires New Placer Dome Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2021) - CopAur Minerals Inc. (TSXV...
About this update from Copaur Minerals Inc.
[{"type":"text","content":"CopAur Minerals Acquires New Placer Dome Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - December 6, 2021) - CopAur Minerals Inc. (TSXV: CPAU) (\"CopAur Minerals\") and New Placer Dome Gold Corp. (TSXV: NGLD) (\"New Placer Dome\") are pleased to announce the execution of a Binding Letter Agreement dated November 30, 2021 (the \"Letter Agreement\") pursuant to which CopAur Minerals will acquire all of the issued and outstanding common shares of New Placer Dome in an arm's length transaction (the \"Transaction\"). The combination of CopAur Minerals and New Placer Dome will create a leading gold-copper exploration and development company with a portfolio of assets in two of North America's foremost mining districts, the Toodoggon/Golden Horseshoe mineral district of Northeastern British Columbia and the Great Basin gold district of Nevada. The purpose of this transaction is to accelerate and strengthen the companies' technical expertise, financing capabilities and overall growth. The management and advisors of both companies have recently generated significant shareholder value by rapidly advancing projects and raising capital.Transaction HighlightsExperienced Leadership: The senior executive team, comprised of directors, advisors and consultants, has extensive experience in capital raising. The combined company will be managed by an award-wining team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance.Liberty Gold Corp. in Favor of Transaction: Liberty Gold is a 15.3% shareholder of New Placer Dome and is in full support of the Transaction. Liberty Gold will remain a significant shareholder of the combined company with Cal Everett (Liberty Gold, President & CEO) remaining as an advisor.Enhanced market profile: The Transaction creates a larger, well-funded, gold-copper exploration company with an enhanced market and growth profile that is well positioned to benefit from exploration success across the combined portfolio of assets.Geographic diversification: The combined company will have a diverse, highly prospective portfolio of assets in two of North America's most prolific mining jurisdictions that provide the potential to pursue year-round exploration programs. Significant exploration upside: Significant upside potential through a combined multi-...