ALTA COPPER - FORTESCUE TO ACCELERATE CANARIACO DEVELOPMENTALTA COPPER - FORTESCUE TO ACCELERATE CANARIACO DEVELOPMENT Alta Copper has been through some interesting changes over the past few years, most
significantly, the addition of
Guilio Bonifacio, Executive Chair & Director, and Fortescue’s strategic investment through their affiliate Nascent Exploration Pty Ltd.
Fortescue’s interest in Alta Copper is clear, they are focused on the development of the Canariaco project. Their desire to develop the Canariaco copper/gold project was reinforced at the recent AGM by their attempt to eject 4 Directors. Giulio Bonifacio stated:
“Fortescue has advised that it believes a reconstituted Board would prove beneficial for the Company and will result in the further accelerated development of the Canariaco Project.” The chart below summarizes the significant events impacting Alta Copper over the past few years, the interesting part is that the more Fortescue asserts their desire to gain control, the greater certainty for shareholders that an offer will be forthcoming. Shareholders should be aware that YOU will have a say in the final price paid for Alta Copper, therefore, casting your vote is extremely important. Shareholders should contact Alta Copper if they are not sure how to vote or require voting material: Alta Copper Corp.
Suite 801 - 1112 West Pender Street
Vancouver, BC
Canada V6E 2S1
Email: info@altacopper.com Phone: 604-689-1957
Toll-Free: 1-877-689-1964
As stated by RocksAndStocks:
“Under securities laws the remaining 69% of the shareholders are protected to ensure they get a valuation that they support by way of 2/3 of the votes cast at a special shareholder meeting that does not include Fortescue share position. Additionally, any offer by Fortescue has to be supported by an independent valuation that any shareholder can contest.”
See event chart below: [img]
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