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  • Bocana Resources Corp. (BOCA) has completed a reverse takeover transaction
  • The transaction was completed according to the terms of an amalgamation agreement between Bocana Resources Ltd. and United Hunter Oil & Gas Corp
  • Upon completion of the amalgamation, the resulting issuer was renamed “Bocana Resources Corp”
  • Bocana Resources Corp. is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in South America
  • The common shares of Bocana Resources Corp. will commence trading on the TSXV under the symbol “BOCA” on or about January 5, 2023

Bocana Resources Corp. (BOCA) has completed a reverse takeover transaction.

The transaction, conducted under the laws of Alberta, was completed according to the terms of an amalgamation agreement between Bocana Resources Ltd. and United Hunter Oil & Gas Corp. (UHO).

Before the amalgamation, UHO and Bocana each completed a continuance into Alberta. Upon completion of the amalgamation, the resulting issuer was renamed “Bocana Resources Corp.”

In line with the terms of the agreement, the outstanding shares and warrants of UHO were exchanged for shares and warrants, respectively, of Bocana on the basis of one Bocana security for every 1.6877 securities of UHO.

In addition, each holder of a security of the target was issued one security of Bocana.

Following the completion of the amalgamation, the company has 101,227,687 common shares issued and outstanding.

Final acceptance of the transaction will occur upon the issuance of the final exchange bulletin by the TSXV.

Subject to final acceptance by the TSXV, the company will be classified as a Tier 2 Issuer in line with TSXV policies.

The company’s new CUSIP number for the common shares is 09689F105, and its new ISIN is CA09689F1053.

Certain directors and officers of UHO resigned from their positions concurrent with the completion of the amalgamation, and new people were appointed as directors and officers of Bocana.

They are Timothy J. Turner – Chief Executive Officer and Director; Miles Nagamatsu – Chief Financial Officer and Director; David Thompson – Director; Eldon C. Shomber – Director; and Rodney Stevens – Director.

Bocana Resources Corp. is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in South America.

The common shares of Bocana Resources Corp. will commence trading on the TSXV under the symbol “BOCA” on or about January 5, 2023.


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