Alta Copper Corp ATCUF

Primary Symbol: T.ATCU

Metals & Mining Copper

Alta Copper Corp. is a Canada-based copper developer, which is engaged in the acquisition, exploration and development of mineral rights interests. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. The Canariaco Copper Project is an advanced stage porphyry copper exploration and development project located in Northern Peru. Canariaco comprises about 97 square kilometers of highly prospective land located about 102 kilometers (km) northeast of the City of Chiclayo, Peru, which includes the advanced stage Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km NE-SW trend in northern Peru’s mining district. The Company also holds other earlier stage base metal properties located in Peru and Canada. Its other projects include Don Gregorio property, Arikepay Copper-Gold Porphyry Discovery, and Canyon Creek property. Don Gregorio property is a copper-gold porphyry target located in northern Peru.

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Alta Copper Corp > When does a major shareholder have to make an offer?

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Comment by swpbon Sep 12, 2024 10:41am

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Post# 36220258

RE:When does a major shareholder have to make an offer?

nizza wrote:
As far as I know, since 2002 at least in Germany it has been regulated that a major shareholder who

has reached more than 30% of the shares must make a public offer to all other shareholders. I think

there is a similar regulation in Canadian law. It is probably higher than the 34% that must now be

reached. Perhaps someone from there can do a quick research and report back.

I once owned a TSX penny stock where a company bought the majority of the shares then took the company private and paid .001 per share to the outstanding shareholders. We have no large shareholders ro fight this selloff other than Fortescue and the Peru pension funds.  Looks like the Fortescue plan.