Business
Interra Copper and Alto Verde Copper Sign Definitive Agreement for Business Combination
March 10, 2023 – TheNewswire - VANCOUVER, British Columbia – Interra Copper Corp. (CSE:IMCX), (OTC:IMIMF), (FRA:3MX) (“Interra” or the “Company”) is pleased to
About this update from Copper Quest Exploration Inc.
[{"type":"text","content":"March 10, 2023 – TheNewswire - VANCOUVER, British Columbia – Interra Copper Corp. (CSE:IMCX), (OTC:IMIMF), (FRA:3MX) (“Interra” or the “Company”) is pleased to announce that, further to its press release dated December 2, 2022, the Company has entered into a definitive business combination agreement dated March 8, 2023 (the “Definitive Agreement”) with Alto Verde Copper Inc. (“Alto Verde”) and 1000465623 Ontario Inc. (“Interra Subco”), a wholly-owned subsidiary of the Company, pursuant to which the Company will acquire all of the issued and outstanding shares in the capital of Alto Verde (the “Transaction”). The Definitive Agreement replaces the letter of intent between the Company and Alto Verde with respect to the Transaction. The Company and Alto Verde are at arms’ length. Jason Nickel, Director and CEO of Interra Copper commented, “We are pleased to complete this major element of the transaction as we look to develop and expand our asset base in both British Columbia and the prolific Chilean copper belt. With financing secured, a broadened experienced team and prospective projects in great copper jurisdictions, this combination sets us on a solid footing going forward.” Chris Buncic, Director and CEO of Alto Verde Copper, added, “Combining our companies is the exciting first step in executing on our plans to build a multi-jurisdictional copper-focused company and establishing a significant platform for growth within the copper market. We look forward to completing the transaction in the coming weeks.” About Alto Verde Alto Verde Copper Inc. is a private mining company focused on its portfolio of highly prospective exploration assets located in the Central Volcanic Zone, within the prolific Chilean Copper belt. Alto Verde’s portfolio includes three copper exploration projects: Tres Marias and Zenaida in Antofagasta Region, and Pitbull in Tarapaca Region. The Company now holds a significant land package covering an area of 19,850 hectares with the projects situated amongst several of the world’s largest mines owned by the largest global mining companies including Glencore, Anglo American, Teck Resources and BHP, among others. Alto Verde’s leadership team is comprised of senior mining industry executives who have a wealth of technical and capital markets experience and a strong track record of discovering, financing, dev...