Copaur Minerals Completes Acquisition of New Placer Dome Gold With Overwhelming Shareholder Support of 99.5%

About this update from Copaur Minerals Inc.

[{"type":"text","content":"Copaur Minerals Completes Acquisition of New Placer Dome Gold With Overwhelming Shareholder Support of 99.5%VANCOUVER, BC / ACCESSWIRE / May 13, 2022 / CopAur Minerals Inc. (TSX.V:CPAU) (\"CopAur\") and New Placer Dome Gold Corp. (TSX.V:NGLD) (\"New Placer Dome\") are pleased to announce the completion of the previously-announced plan of arrangement under the Business Corporations Act (British Columbia) (the \"Arrangement\"). Under the Arrangement, CopAur acquired all of the issued and outstanding common shares of New Placer Dome (\"NGLD Shares\") and New Placer Dome became a direct, wholly-owned subsidiary of CopAur.Maximilian Sali, CEO, founder and director of New Placer Dome, commented: \"I want to thank all our shareholders for the support they have given since our IPO just over three years ago. As one of the largest shareholders and supporters of the company I look forward to working with the incoming management constituting of both The Metals Group and specifically Jeremy Yaseniuk to advance these excellent assets that I believe are undervalued. We acquired these assets in New Placer Dome and now they are in Copaur. I will continue to support the new company as an investor and director of Copaur and look forward to realizing their full value.\"Jeremy Yaseniuk, CEO of Copaur Minerals commented: \"I want to thank the shareholders of New Placer Dome, Copaur shareholders and the Board of Directors for their overwhelming support in voting in favor of this transaction. We believe this transaction benefits both groups of shareholders and it is my desire to rapidly advance these projects and generate shareholder value.\"Transaction DetailsUnder the terms of the Arrangement, former New Placer Dome shareholders received 0.1182 of a common share of CopAur for every one (1) outstanding NGLD Share (the \"Exchange Ratio\") held. All outstanding stock options of New Placer Dome were exchanged for options of CopAur and all warrants of New Placer Dome became exercisable to acquire common shares of CopAur, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio, all in accordance with the terms of the Arrangement.Following completion of the Arrangement, CopAur has 48,778,958 common shares issued and outstanding.Upon closing of the Arrangement, all directors and officers of New Placer Dome resigned. New Placer Dome's...

More updates from Copaur Minerals Inc.