Business
Big Dougie Capital Corp. Announces Closing of Qualifying Transaction
CALGARY, AB / ACCESSWIRE / October 8, 2020 / Big Dougie Capital Corp. (" Big Dougie ") (TSXV...
About this update from Stuve Gold Corp.
[{"type":"text","content":"Big Dougie Capital Corp. Announces Closing of Qualifying TransactionCALGARY, AB / ACCESSWIRE / October 8, 2020 / Big Dougie Capital Corp. (\"Big Dougie\") (TSXV:STUV.P) is pleased to announce that on October 2, 2020, it closed its previously announced \"Qualifying Transaction\" (\"QT\"), as defined by Policy 2.4 of the TSX Venture Exchange (the \"Exchange\") with Compañía Recursos Andina Limitada (\"Andina\") whereby Big Dougie has acquired 99.9% of the partnership interest of Andina, a company that holds a 100% interest in a promising gold, silver, copper and cobalt property in northern Chile (the \"Coba Property\"). Big Dougie is in the process of filing the final documents with the Exchange in order to secure issuance of the Exchange's final bulletin enabling Big Dougie's common shares to recommence trading under the symbol \"STUV\". The particulars of the QT, including information on the Coba Property, were the subject of Big Dougie's Filing Statement dated August 28, 2020 which has been filed on SEDAR (www.sedar.com) (See Big Dougie's press releases dated August 28, 2020 and August 31, 2020).Big Dougie was formed as a \"capital pool company\" by certain of Doug Stuve's close friends to honour Doug's memory after his passing in late 2018. Doug was a father, husband, lawyer and raconteur who is dearly missed by his many friends and family. Doug led an illustrious career dedicated to the legal profession and specifically to the Canadian junior capital markets. It was the collective goal of the company's founders to identify and complete a transaction that would stand the test of time. The directors considered many options and agreed on the acquisition of the Coba Property, a mining project in Chile in an area with a remarkable past production history that, in their view, holds tremendous long-term potential.Al Kroontje, Chief Executive Officer of Big Dougie, stated, \"Today is a proud milestone for our group. It was very important to identify a project which we could leverage the history and skill set of Big Dougie's founders on an asset that can be a building block in the creation of long term value for our shareholders, and honouring the memory of Doug. While we have considerable tasks ahead of us, the entire founding group is committed to Big Dougie's success. In our opinion, the Coba Property represents a wonderf...