Copper Standard and Pucara Gold Complete Previously Announced Merger
Copper Standard Resources has completed its acquisition of Pucara Gold through a court-approved arrangement. Under the deal terms, former Pucara shareholders received 0.10 Copper Standard common shares for each Pucara share held, resulting in Copper Standard issuing 7,659,195 new shares. The new shares will be listed on the Canadian Securities Exchange. Existing Pucara options and warrants were adjusted according to the exchange ratio. Pucara shares will be delisted from TSX Venture Exchange, and the company will seek to cease being a reporting issuer.
Copper Standard Resources ha completato l'acquisizione di Pucara Gold attraverso un accordo approvato dalla corte. Secondo i termini dell'accordo, i precedenti azionisti di Pucara hanno ricevuto 0,10 azioni ordinarie di Copper Standard per ogni azione Pucara detenuta, portando Copper Standard a emettere 7.659.195 nuove azioni. Le nuove azioni saranno quotate nella Canadian Securities Exchange. Le opzioni e i warrant esistenti di Pucara sono stati adeguati in base al rapporto di scambio. Le azioni Pucara saranno rimosse dalla TSX Venture Exchange e la società cercherà di cessare di essere un emittente in rapporto.
Copper Standard Resources ha completado su adquisición de Pucara Gold a través de un acuerdo aprobado por el tribunal. Según los términos del acuerdo, los antiguos accionistas de Pucara recibieron 0,10 acciones ordinarias de Copper Standard por cada acción de Pucara que poseían, lo que resultó en que Copper Standard emitiera 7.659.195 nuevas acciones. Las nuevas acciones se listarán en la Bolsa de Valores de Canadá. Las opciones y los warrants existentes de Pucara fueron ajustados de acuerdo con la relación de intercambio. Las acciones de Pucara serán deslistadas de la TSX Venture Exchange y la empresa buscará dejar de ser un emisor que reporta.
구리 표준 자원(Copper Standard Resources)은 법원의 승인을 받은 협정을 통해 푸카라 골드(Pucara Gold)를 인수했습니다. 계약 조건에 따라 이전 푸카라 주주들은 보유한 푸카라 주식 1주당 0.10주 구리 표준 보통주를 받았으며, 이로 인해 구리 표준은 7,659,195주의 신규 주식을 발행했습니다. 새로운 주식은 캐나다 증권 거래소에 상장될 예정입니다. 기존 푸카라 옵션과 워런트는 교환 비율에 따라 조정되었습니다. 푸카라 주식은 TSX 벤처 거래소에서 상장 폐지될 것이며, 회사는 보고 의무를 중단하려고 합니다.
Copper Standard Resources a finalisé son acquisition de Pucara Gold par le biais d'un arrangement approuvé par le tribunal. Selon les termes de l'accord, les anciens actionnaires de Pucara ont reçu 0,10 action ordinaire de Copper Standard pour chaque action Pucara détenue, ce qui a conduit Copper Standard à émettre 7 659 195 nouvelles actions. Les nouvelles actions seront cotées à la Bourse canadienne des valeurs mobilières. Les options et bons de souscription Pucara existants ont été ajustés selon le rapport d'échange. Les actions Pucara seront radiées de la TSX Venture Exchange et la société cherchera à cesser d'être un émetteur rapportant.
Copper Standard Resources hat die Übernahme von Pucara Gold durch eine gerichtliche Genehmigung abgeschlossen. Laut den Bedingungen des Deals erhielten ehemalige Pucara-Aktionäre 0,10 Stammaktien von Copper Standard für jede gehaltene Pucara-Aktie, was zur Ausgabe von 7.659.195 neuen Aktien durch Copper Standard führte. Die neuen Aktien werden an der Canadian Securities Exchange gelistet. Bestehende Pucara-Optionen und Warrants wurden gemäß dem Umtauschverhältnis angepasst. Pucara-Aktien werden von der TSX Venture Exchange delisted und das Unternehmen wird versuchen, die Berichterstattungspflicht zu beenden.
- Successful completion of merger consolidating assets and operations
- Listing of newly issued shares on Canadian Securities Exchange
- Share dilution due to issuance of 7,659,195 new shares
- Delisting of Pucara shares from TSX Venture Exchange
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2024) - Copper Standard Resources Inc. (CSE: CSR) ("Copper Standard") and Pucara Gold Ltd. (TSXV: TORO) ("Pucara") are pleased to announce the successful completion of the previously announced transaction pursuant to which Copper Standard acquired all of the issued and outstanding common shares of Pucara (the "Pucara Shares"), not previously owned by Copper Standard, by way of a court-approved plan of arrangement (the "Arrangement").
Pursuant to the Arrangement, former Pucara shareholders received 0.10 (the "Exchange Ratio") of a Copper Standard common share (each whole share, a "Copper Share") in exchange for each Pucara Share held. Copper Standard issued an aggregate of 7,659,195 Copper Shares to former Pucara shareholders. The Copper Shares issued under the Arrangement are expected to be listed and posted for trading on the Canadian Securities Exchange.
Options to acquire Pucara Shares that were outstanding at the time of completion of the Arrangement were exchanged in accordance with the Exchange Ratio for similar securities to purchase Copper Shares on substantially the same terms and conditions, and outstanding warrants of Pucara have become exercisable, based on the Exchange Ratio, to purchase Copper Shares on substantially the same terms and conditions.
Further details regarding the Arrangement are set out in Pucara's management information circular dated September 27, 2024, which is available on Pucara's SEDAR+ profile at www.sedarplus.ca.
Delisting of the Pucara Shares
It is anticipated that the Pucara Shares will be de-listed from the TSX Venture Exchange as soon as reasonably practicable following closing of the Arrangement, and that Pucara will apply to the Canadian securities regulators for it to cease to be a reporting issuer thereafter.
About Copper Standard
Copper Standard is engaged in the acquisition, exploration, discovery, and development of mineral interests focusing on copper and gold projects. Copper Standard has an option to acquire
About Pucara
Pucara is a junior exploration company focused on the discovery and advancement of economic precious metals deposits in resource-rich Peru. Pucara has a portfolio approach to project acquisition and owns three precious and base metal projects located in Peru.
For Further Information
Matt Fargey, Chief Executive Officer of Copper Standard
604-628-1110
For more information about Copper Standard, please visit our website at www.copperstandard.com or email us at info@copperstandard.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable securities laws relating to, among other things, statements with respect to the delisting of the Pucara Shares and Pucara applying to cease to be a reporting issuer. Forward-looking information may in some cases be identified by words such as "will", "anticipates", "expects", "intends" and similar expressions suggesting future events or future performance.
We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represent expectations as of the date of this news release and are subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
A comprehensive discussion of other risks that impact Copper Standard and Pucara can also be found in their public reports and filings which are available under their respective profiles at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230800
FAQ
What is the exchange ratio in the Copper Standard-Pucara Gold merger?
How many new shares did Copper Standard issue for the Pucara acquisition?
What happens to Pucara Gold's stock listing after the merger?
What happens to existing Pucara Gold options and warrants?
