Business
Koryx Copper Completes Internal Restructure to Simplify Corporate and Reporting Structures
VANCOUVER, British Columbia, March 28, 2025 (GLOBE NEWSWIRE) -- Koryx Copper Inc. (“ Kor...
About this update from Koryx Copper S.a.
[{"type":"text","content":"Koryx Copper Completes Internal Restructure to Simplify Corporate and Reporting Structures\n\n\n\n VANCOUVER, British Columbia, March 28, 2025 (GLOBE NEWSWIRE) -- Koryx Copper Inc. (“\n \n Koryx\n \n ” or the “\n \n Company\n \n ”) (TSXV: KRY) is pleased to announce that it has completed a vertical short-form amalgamation (the “\n \n Amalgamation\n \n \") pursuant to the\n \n Business Corporations Act\n \n (British Columbia) (the \"\n \n BCBCA\n \n \") effective March 19, 2025, with the Company's wholly-owned subsidiary 1054137 B.C. Ltd. (“SubCo”) (a company incorporated under the British Columbia Corporations Act).\n \n\n On August 30, 2016, the Company completed a share exchange with the shareholders of SubCo, giving effect to the restructure transaction. (the “\n \n Transaction\n \n ”). The effect of the Transaction is that all assets and liabilities of SubCo were consolidated within the Company and SubCo then became dormant within the reporting structure of the group. The purpose of the Amalgamation now is to simplify the Company’s corporate and reporting structure.\n \n\n Pursuant to the Amalgamation, the resulting company (the \"\n \n AmalCo\n \n \") has kept the name \"Koryx Copper Inc.\" and the business of the Company does not change. It has maintained the same Articles, issued no securities, and the symbol \"KRY\" remains the same. Following the Amalgamation, AmalCo continues to indirectly own all of the exploration rights to the Haib Copper Project through Haib Minerals.\n \n\n The Company has filed the Certificate of Amalgamation and Notice of Articles on SEDAR, which are publicly available under the Company's profile at www.sedarplus.ca. Additional information with respect to the Amalgamation and the business of AmalCo is available on the Company’s SEDAR+ profile at\n \n www.sedarplus.ca\n \n .\n \n\n\n About Koryx Copper Inc.\n \n\n\n Koryx Copper Inc. is a Canadian copper development Company focused on advancing the 100% owned Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large, advanced (PEA-stage) copper/molybdenum porphyry deposit in southern Namibia with a long history of exploration and project development by multiple operators. More than 80,000m of drilling has be...