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Atacama Copper Corporation Announces Completion of Business Transaction with TCP1
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2024) - Atacama Copper Corporation (T...
About this update from Fuerte Metals Corporation
[{"type":"text","content":"Atacama Copper Corporation Announces Completion of Business Transaction with TCP1Vancouver, British Columbia--(Newsfile Corp. - February 13, 2024) - Atacama Copper Corporation (TSXV: ACOP) (\"Atacama Copper\" or the \"Company\" or the \"Resulting Issuer\"), is pleased to announce completion of its previously announced business combination involving TCP1 Corporation (\"TCP1\") and 1000723052 Ontario Corporation (\"Subco\"), a wholly-owned subsidiary of the Company (the \"Business Combination\"). Pursuant to the Business Combination, the Resulting Issuer has acquired all of the issued and outstanding common shares of TCP1 (\"TCP1 Shares\") in exchange for common shares of the Resulting Issuer (the \"Resulting Issuer Shares\"), resulting in the reverse takeover of the Resulting Issuer by TCP1. Subject to receiving final acceptance from the TSX Venture Exchange (\"TSXV\"), the Resulting Issuer Shares are expected to resume trading on the TSXV on or about February 15, 2024, as a tier 1 mining issuer under Atacama's current symbol \"ACOP\".Highlights of the Transaction:Creates a diversified exploration and development company with assets near established operations in geologically prospective regions of Mexico and Chile.Builds a leadership team with a proven history and track record of discovery, exploration success, mine building, operations, and community engagement and relations.Closing of the concurrent financing establishes a well-capitalized company supported by a strong group of stakeholders, including Pierre Lassonde, Trinity Capital Partners, senior executives of Ross Beaty's Lumina Group, and a major strategic investor.Provides multiple avenues of shareholder value creation as the combined asset base is advanced through focused and generative exploration programs that will support expansion of the mineralized footprint, in addition to early engineering and test work that will support future project optimization.Establishes a platform for future acquisition and consolidation opportunities in the Americas.A 10,000-metre diamond drilling program will commence at the Company's Cristina precious metals project within the next two weeks. The program is aimed at better delineating and expanding the high-grade zones within the main Guadalupe Vein, as well as other high-grade veins in the area to both increase the size and the grade ...