RE:News release Puma Exploration, Canadian Copper property agreement
2022-06-09 19:21 ET - Property Agreement
The TSX Venture Exchange has accepted for filing the documentation relating to an arm's-length option agreement dated June 30, 2021, in connection with the disposition by Puma Exploration Inc. to Canadian Copper Inc. of 100 per cent of its copper projects. Pursuant to the agreement, the company received six million Canadian Copper shares at closing, will receive a further six million Canadian Copper shares upon the public listing of Canadian Copper and an amount of $2.3-million, payable in cash or in shares of Canadian Copper, over a period of three years.
For further information, please refer to the company's news releases dated July 6, 2021, Nov. 11, 2021, Feb. 14, 2022, and June 9, 2022.
Notice of distribution
The exchange has also accepted for filing the notice of distribution of the company.
On the payable date, the company will distribute up to six million (1) common shares in the capital of Canadian Copper to the company's shareholders as of the record date on a pro rata basis.
Dividend per share: 0.0521 share of Canadian Copper (1)
Payable date: June 30, 2022
Record date: June 17, 2022
Ex dividend date: June 16, 2022
(1) The number of common shares of Canadian Copper to be distributed and the dividend per share ratio are subject to adjustment based on the number of shares of the company to be issued until the record date as well as the number of shares held by U.S. shareholders at the record date who will receive an equivalent payment in cash.
For more information, please refer to the company's news release dated June 9, 2022.