Business
Montan Capital Corp. and Strait Minerals Inc. announce conditional approval from TSXV and the filing of information circular and technical report
VANCOUVER , Jan. 26, 2015 /CNW/ - Montan Capital Corp. (TSXv: MO.P) (" Montan ") and...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"\n\nVANCOUVER, Jan. 26, 2015 /CNW/ - Montan Capital Corp. (TSXv: MO.P) (\"Montan\") and Strait Minerals Inc. (TSXv: SRD) (\"Strait\") are pleased to announce that, further to their joint news releases dated December 3, 2014 and January 6, 2014, Montan and Strait have received conditional acceptance from the TSX Venture Exchange (the \"Exchange\") for the proposed qualifying transaction (the \"Transaction\") of Montan, whereby Montan will amalgamate with 1023174 B.C. LTD. (\"Newco\"), a newly incorporated subsidiary of Strait, pursuant to the amalgamation agreement dated January 6, 2015, (the \"Amalgamation Agreement\") among Montan, Strait and Newco. \n\nMontan and Strait have filed on SEDAR a joint information circular (the \"Joint Circular\") to obtain approval from their shareholders to the Amalgamation Agreement at shareholders' meetings to be held February 24, 2015. The Joint Circular provides detailed information about the Amalgamation Agreement and Transaction and was mailed to shareholders of Montan and Strait who were shareholders on January 19, 2015. \n\nMontan and Strait have also filed on SEDAR a National Instrument 43-101 (\"NI 43-101\") compliant technical report with respect to Strait's Alicia Property, which is expected to be the resulting issuer's Principal Property (as defined in the policies of the Exchange) upon completion of the Transaction, entitled, \"NI 43-101 Technical Report on the Alicia Copper Gold Project\", written by James A. McCrea, P.Geo. and dated December 29, 2014 (the \"Technical Report\").  Mr. McCrea is a \"qualified person\" as defined in NI 43-101 and is independent of Montan and Strait. Excerpts from the Technical Report are included in the Joint Circular.\n\nThe continuing company will be named Montan Mining Corp. (\"Montan Mining\") and be focused on exploration and mine development in Peru. Montan Mining will be led by an experienced management and capital markets team with a track record of success in mine development in Peru (as well as other jurisdictions) and have a local Peruvian shareholder support base. Montan Mining will advance the Alicia Project for its high-grade copper potential and provide its shareholder with a platform to seek further opportunities in the Peruvian mining sector presented by the current malaise in the mining and resource market.\n\nJames A....