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Tailwind Capital Corporation and Kairos Metals Corp. Announce Amalgamation Agreement in Respect of Qualifying Transaction
Not for distribution to U.S. newswire services or for dissemination in the United States. An...
About this update from San Lorenzo Gold Corp
[{"type":"text","content":"Tailwind Capital Corporation and Kairos Metals Corp. Announce Amalgamation Agreement in Respect of Qualifying TransactionNot for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law.CALGARY, AB / ACCESSWIRE / November 4, 2020 / Tailwind Capital Corporation (\"Tailwind\") (TSXV:TW.P) and Kairos Metals Corp. (\"Kairos\") are pleased to announce that they have entered into a definitive agreement dated August 10, 2020 (the \"Amalgamation Agreement\") pursuant to which Tailwind will amalgamate with Kairos (the \"Amalgamation\") to complete Tailwind's qualifying transaction (the \"Transaction\") in accordance with the policies of the TSX Venture Exchange Inc. (the \"TSXV\"). Upon completion of the Amalgamation, it is intended that the resulting corporation will be known as \"San Lorenzo Gold Corp. \", or such other name as the parties may agree (the \"Resulting Issuer\"). The Transaction is subject to the receipt of all necessary regulatory and shareholder approvals as well as the satisfaction of conditions to closing as set out in the Amalgamation Agreement.About KairosKairos is a reporting issuer incorporated in January 2018 under the laws of the Province of Alberta and currently has 25,266,704 common shares outstanding and no dilutive securities such as options or warrants outstanding. Kairos' principal business is the acquisition and exploration of mineral properties in Chile. Kairos holds a 100% interest in 10,396 hectares of mineral claims through its wholly owned Chilean subsidiary, Compañía Minera San Lorenzo Limitada. Those claims are divided into the \"Salvadora\" and the \"Nancagua\" claim groups or properties. Salvadora is a prospective copper-gold porphyry property and has been the subject of significant exploration efforts by Kairos and its predecessors since 2014, which includes significant sampling and geophysical surveying together with two exploration drilling programs totalling approximately 2,725 meters of drilling. Kairos has also conducted programs of surface sampling and geochemical analysis on Nancagua which is a prospective high grade epithermal gold-silver property.As of the date hereof, there are 25,266,704 outstanding common shares of Kairos (the \"Kairos Common Shares\"). The...