- CopAur Minerals (CPAU) has acquired all of the issued and outstanding common shares of New Placer Dome
- Former New Placer Dome shareholders received 0.1182 of a common share of CopAur for every outstanding NGLD share
- New Placer Dome’s shares will be de-listed from the TSX Venture Exchange at the close of business on May 16, 2022
- CopAur is a Canadian exploration company focused on advancing its combined portfolio of gold and gold-copper projects in British Columbia and Nevada
- Copaur Minerals Inc. (CPAU) opened trading at C$0.77 per share
CopAur Minerals (CPAU) has acquired all of the issued and outstanding common shares of New Placer Dome. New Placer Dome is now a wholly-owned subsidiary of CopAur.
Maximilian Sali, CEO, founder and director of New Placer Dome, commented on the news.
“I want to thank all our shareholders for the support they have given since our IPO just over three years ago. As one of the largest shareholders and supporters of the company I look forward to working with the incoming management constituting of both The Metals Group and specifically Jeremy Yaseniuk to advance these excellent assets that I believe are undervalued. We acquired these assets in New Placer Dome and now they are in Copaur. I will continue to support the new company as an investor and director of Copaur and look forward to realizing their full value.”
Jeremy Yaseniuk, CEO of CopAur Minerals added,
“I want to thank the shareholders of New Placer Dome and CopAur Minerals, as well as the Board of Directors for their overwhelming support in this transaction. We believe this acquisition benefits all stakeholders involved and it is my desire to rapidly advance these assets and continue to generate shareholder value.”
Former New Placer Dome shareholders received 0.1182 of a common share of CopAur for every outstanding NGLD share. All outstanding stock options of New Placer Dome were exchanged for options of CopAur.
Following completion of the arrangement, CopAur has 48,778,958 common shares issued and outstanding.
Upon closing of the arrangement, all directors and officers of New Placer Dome resigned. New Placer Dome’s former chief executive officer, Maximilian Sali, has joined the board of CopAur as a director, and Kristopher J. Raffle, B.Sc., P.Geo., a former director of New Placer Dome, has joined CopAur as vice president of exploration.
New Placer Dome’s shares will be de-listed from the TSX Venture Exchange at the close of business on May 16, 2022. CopAur also intends to submit an application to the applicable securities regulators to have New Placer Dome cease to be a reporting issuer and terminate its public reporting obligations.
CopAur is a Canadian exploration company focused on advancing its combined portfolio of gold and gold-copper projects in British Columbia and Nevada.
Copaur Minerals Inc. (CPAU) opened trading at C$0.77 per share.
