Business
Copaur Minerals and New Placer Dome Gold Corp. Announce Transaction to Combine to Advance Properties in Nevada and British Columbia
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2021) - Copaur Minerals Inc. (TSXV...
About this update from Copaur Minerals Inc.
[{"type":"text","content":"Copaur Minerals and New Placer Dome Gold Corp. Announce Transaction to Combine to Advance Properties in Nevada and British ColumbiaVancouver, British Columbia--(Newsfile Corp. - December 3, 2021) - Copaur Minerals Inc. (TSXV: CPAU) (\"Copaur Minerals\") and New Placer Dome Gold Corp. (\"New Placer Dome\") are pleased to announce the execution of a Binding Letter Agreement (the \"Letter Agreement\") pursuant to which Copaur Minerals will acquire all of the issued and outstanding common shares of New Placer Dome (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 Americans foremost mining districts, the Toodoggon/Golden Horseshoe mineral district of Northeastern British Columbia and the Great Basin gold district of Nevada. The purpose of his transaction is to bring together a combination of technical expertise, leadership and financing capability. The combined company will have a stable platform for future growth. The management and advisors of the combined company have recently demonstrated the ability to create significant shareholder value by rapidly advancing projects and raising capital.Transaction HighlightsExperienced Leadership: The senior executive team, comprising of Directors, Advisors and Consultants have extensive experience in capital raising. The Company will be management by an award-wining team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance; with the proven ability to generate significant shareholder appreciation. 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 and will remain a significant shareholder of the combined company with Cal Everett (Liberty Gold, President & CEO) remaining as an advisor to the combined company.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 pr...