Doré Copper Mining Corp. (“
Doré Copper”) (TSXV:
DCMC; OTCQB: DRCMF; FRA: DCM) is pleased to announce that, at the
special meeting (the "
Meeting") of shareholders of
Doré Copper ("
Doré Copper Shareholders") held
earlier today, Doré Copper Shareholders overwhelmingly voted in
favour of approving the special resolution (the
"
Arrangement Resolution") authorizing the
previously announced plan of arrangement (the
"
Arrangement") (news release October 15, 2024)
whereby Cygnus Metals Limited ("
Cygnus"), through
its wholly-owned subsidiary, 1505901 B.C. Ltd., will acquire all of
the issued and outstanding common shares in the capital
of Doré Copper (the "
Doré Copper Shares")
and, in exchange, Doré Copper Shareholders will receive 1.8297
ordinary shares in the capital of Cygnus (the "
Cygnus
Shares") for each Doré Copper Share held.
Doré Copper would like to thank its shareholders
for their overwhelming support of the combination of Cygnus and
Doré Copper to create a Québec-focused critical minerals explorer
and developer with high-grade copper and lithium resources.
At the Meeting, the Arrangement Resolution was
approved by (i) approximately 100% of the votes cast by Doré
Copper Shareholders present in person or represented by proxy and
entitled to vote, and (ii) approximately 100% of the votes cast
by the minority Doré Copper Shareholders present in person or
represented by proxy and entitled to vote, which excluded the votes
cast in respect of the Doré Copper Shares beneficially owned, or
over which control or direction is exercised, by Mario Stifano,
Ernest Mast and Ocean Partners Holdings Limited, as determined in
accordance with Multilateral Instrument 61-101 – Protection of
Minority Shareholders in Special Transactions. A total of
121,067,401 Doré Copper Shares were voted at the Meeting,
representing approximately 71.50% of the issued and
outstanding Doré Copper Shares as of the record date of
November 13, 2024.
Assuming that all remaining approvals are
obtained and all other remaining conditions precedent to the
completion of the Arrangement are satisfied or waived, Doré Copper
anticipates that the Arrangement will be completed on or about
December 31, 2024. Completion of the Arrangement remains subject
to, among other things, satisfaction of all conditions precedent to
the completion of the Arrangement, including the final approval of
the Ontario Superior Court of Justice and the approval for listing
of the Cygnus Shares on the TSX Venture Exchange (the
“TSXV”). The hearing for the final order of the
Ontario Superior Court of Justice to approve the Arrangement is
scheduled to take place on December 19, 2024.
Further details regarding the Arrangement are
set out in the management information circular of Doré Copper dated
November 13, 2024, which is available on SEDAR+ (www.sedarplus.ca)
under Doré Copper's issuer profile.
About Doré Copper Mining
Corp.
Doré Copper Mining Corp. aims to be the next
copper producer in Québec with an initial production target of +50
million pounds of copper equivalent annually by implementing a
hub-and-spoke operation model with multiple high-grade copper-gold
assets feeding its centralized Copper Rand mill1. Doré Copper has
delivered its PEA in May 2022 and is proceeding with a feasibility
study. Doré Copper has consolidated a large land package in the
prolific Lac Doré/Chibougamau and Joe Mann mining camps that has
historically produced 1.6 billion pounds of copper and 4.4 million
ounces of gold.2 The land package includes 13 former producing
mines, deposits and resource target areas within a 60-kilometer
radius of Doré Copper’s Copper Rand Mill.
For further information about Doré Copper,
please contact:
Ernest Mast |
Laurie Gaborit |
President and Chief Executive Officer |
Vice President, Investor Relations |
Phone: (416) 792-2229 |
Phone: (416) 219-2049 |
Email: ernest.mast@dorecopper.com |
Email: laurie.gaborit@dorecopper.com |
Visit: www.dorecopper.com Facebook: Doré Copper MiningLinkedIn:
Doré Copper Mining Corp.Twitter: @DoreCopperInstagram:
@DoreCopperMining
Cautionary Note Regarding Forward-Looking
StatementsThis news release includes certain
“forward-looking statements” under applicable Canadian securities
legislation. Forward-looking statements include predictions,
projections and forecasts and are often, but not always, identified
by the use of words such as “seek”, “anticipate”, “believe”,
“plan”, “estimate”, “forecast”, “expect”, “potential”, “project”,
“target”, “schedule”, “budget” and “intend” and statements that an
event or result “may”, “will”, “should”, “could” or “might” occur
or be achieved and other similar expressions and includes the
negatives thereof. All statements other than statements of
historical fact included in this news release, including, without
limitation, statements with respect to the proposed Arrangement and
the terms thereof, the completion of the Arrangement, including,
receipt of all necessary court and regulatory approvals and timing
thereof, the listing of the Cygnus Shares on the TSXV, and the
plans, operations and prospects of Doré Copper and its properties
are forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown
risks, uncertainties and other factors which may cause actual
results and future events to differ materially from those expressed
or implied by such forward-looking statements. Such factors
include, but are not limited to, the ability to obtain approvals in
respect of the Arrangement and to consummate the Arrangement, the
ability to obtain approvals for the listing of the Cygnus Shares on
the TSXV, integration risks, actual results of current and future
exploration activities, benefit of certain technology usage, the
ability of prior successes and track record to determine future
results, changes in project parameters and/or economic assessments,
availability of capital and financing on acceptable terms, general
economic, market or business conditions, future prices of metals,
uninsured risks, risks relating to estimated costs, regulatory
changes, delays or inability to receive required regulatory
approvals, health emergencies, pandemics and other exploration or
other risks detailed herein and from time to time in the filings
made by Doré Copper with securities regulators. Although Doré
Copper has attempted to identify important factors that could cause
actual actions, events or results to differ from those described in
forward-looking statements, there may be other factors that cause
such actions, events or results to differ materially from those
anticipated. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. Doré Copper disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
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 release.
1 Technical report titled “Preliminary Economic
Assessment for the Chibougamau Hub-and-Spoke Complex, Québec,
Canada” dated June 15, 2022, in accordance with National Instrument
43-101 – Standards of Disclosure for Mineral
Projects (“NI 43-101”). The Technical Report
was prepared by BBA Inc. with several consulting firms contributing
to sections of the study, including SLR Consulting (Canada) Ltd.,
SRK Consulting (Canada) Inc. and WSP Inc.2 Sources for historic
production figures: Economic Geology, v. 107, pp. 963–989 -
Structural and Stratigraphic Controls on Magmatic, Volcanogenic,
and Shear Zone-Hosted Mineralization in the Chapais-Chibougamau
Mining Camp, Northeastern Abitibi, Canada by François Leclerc et
al. (Lac Dore/Chibougamau mining camp) and NI 43-101 Technical
Report on the Joe Mann Property dated January 11, 2016 by Geologica
Groupe-Conseil Inc. for Jessie Ressources Inc. (Joe Mann mine).
Dore Copper Mining (TSXV:DCMC)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Dore Copper Mining (TSXV:DCMC)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024