Business
Dunnedin Ventures Announces Management Team for Solstice Gold Spinout; Provides Sampling Results from Kahuna Property
VANCOUVER, British Columbia, Nov. 27, 2017 (GLOBE NEWSWIRE) -- Dunnedin Ventures Inc. ("Dunnedin") (TSX Venture:DVI) is pleased to announce details of the gold
About this update from Kodiak Copper Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, Nov. 27, 2017 (GLOBE NEWSWIRE) -- Dunnedin Ventures Inc. (\"Dunnedin\") (TSX Venture:DVI) is pleased to announce details of the gold vehicle spinout originally announced on July 20, 2017. The spinout will take place via Plan of Arrangement (“POA”) in British Columbia, the details of which will be provided in a separate news release in the near future. The new gold vehicle is named Solstice Gold Corporation (“Solstice”, “SGC” or the “Company”) and is currently a wholly owned subsidiary of Dunnedin. Following a positive Dunnedin shareholder vote approving the spinout, the Company anticipates it will be listed and begin trading on the TSX Venture Exchange as soon as practicable following the POA. The Date of Record for the spinout was July 17, 2017 after which shares of Dunnedin have been trading ex-dividend. Solstice is a new gold-focussed exploration company created through the spinout by Dunnedin Ventures Inc. of 66 full claims, 50% of 12 additional claims and certain other rights1 covering the district scale Kahuna Project (“Kahuna” or the “Project”), all with no underlying option or earn in payments. Kahuna is located in Nunavut, Canada only 26 km from Rankin Inlet and approximately 7 km from the Meliadine gold deposits owned by Agnico-Eagle Mines Ltd. (“Agnico”). Highlights of 2017 exploration include up to 34.9 g/t Au in boulders, up to 8.8 g/t Au in bedrock and seven elevated gold in till target areas. An experienced and proven management team has been engaged to operate Solstice, comprised of Executive Chairman David Adamson Ph.D., President Marty Tunney P.Eng., Vice President Exploration Bob Singh P.Geo, Chief Financial Officer Tony Ricci CPA, CA and Strategic Advisor Chris Taylor, M.Sc. P.Geo. The Board of Directors is made up of David Adamson – Chairman, Chris Taylor, Chad Ulansky and Michael Leskovec. All of the details from this news release along with graphics and images can be found in the Company’s investor presentation available at www.solsticegold.com/presentation.pdf. Management and Board David Adamson M.Sc., Ph.D., Executive Chairman. Mr. Adamson has over 25 years of experience in the mineral deposit industry. David has a proven record of creating shareholder value by identifying opportunities, making discoveries and advancing them through t...