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XXIX Metal Corp V.XXIX

Alternate Symbol(s):  QCCUF

XXIX Metal Corp., formerly QC Copper and Gold Inc., is a copper developer. The Company is engaged in advancing its Opemiska and Thierry Copper projects. The Opemiska property spans over 13,000 hectares in Quebec's Chapais-Chibougamau region. The Thierry Copper Project spans approximately 7,907 hectares and historically produced 5.8 million tons grading 1.13% copper, and 0.14% nickel. Thierry hosts two resource-stage deposits, including Thierry Underground, known as K2 and the K1 Open Pit.


TSXV:XXIX - Post by User

Bullboard Posts
Post by paulindoonon Feb 25, 2020 9:15am
98 Views
Post# 30729953

Mann mine sale

Mann mine sale

https://www.powerore.com/power-ore-to-sell-its-mann-mine-to-rider-investment-capital-for-1-25-million/

Power Ore To Sell Its Mann Mine to Rider Investment Capital for $1.25 Million

 

Toronto, Ontario – February 25, 2020 – Power Ore Inc. (“Power Ore” or the “Company”) (TSX.V: PORE) is pleased to announce that has entered into an agreement to sell its Mann Mine to Rider Investment Capital Corporation (“Rider”) (TSX.V:RDR.P), a Capital Pool Company listed on the TSX Venture Exchange.
 
In exchange for Power Ore’s 100% interest in the Mann Mine it will receive 17,857,143 shares of Rider at an impiled $1.25 million valuation. The sale is an arm’s length transaction and a part of and conditional upon Rider’s Qualifying Transaction for Rider’s full listing on the TSX Venture Exchange. As a part of the Qualifying Transaction, Rider will complete a concurrent financing.

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