Source: Energy Metals Corp
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  • CAVU Energy Metals Corp. (CAVU) has obtained final approval for its plan of arrangement with Alpha Copper Corp
  • The final approval is an order from the Supreme Court of British Columbia approving the previously-announced acquisition of CAVU by Alpha Copper Corp
  • The terms of the arrangement entitle CAVU shareholders to receive 0.7 common shares in the capital of Alpha Copper Corp. for each CAVU share held
  • CAVU Energy Metals Corp. is a mining company engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies
  • CAVU Energy Metals Corp. was unchanged at $0.14 at 11:27 ET

CAVU Energy Metals Corp. (CAVU) has obtained final approval for its plan of arrangement with Alpha Copper Corp.

The final approval is an order from the Supreme Court of British Columbia approving the previously-announced acquisition of CAVU by Alpha Copper Corp.

The terms of the arrangement entitle CAVU shareholders to receive 0.7 common shares in the capital of Alpha Copper Corp. for each CAVU share held.

The arrangement remains subject to the satisfaction or waiver of customary closing conditions and is expected to close on December 19, 2022.

Following the completion of the arrangement, the common shares of CAVU are expected to be delisted from the Canadian Securities Exchange.

An application is also expected to be made for the company to cease to be a reporting issuer in the applicable jurisdictions upon closing of the arrangement.

CAVU Energy Metals Corp. is a mining company engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies and the renewable energy sector.

CAVU Energy Metals Corp. was unchanged at $0.14 at 11:27 ET.


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