Flying Monkey Capital Corp. Completes Qualifying Transaction with Fabled Copper and Gold Corp.

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(TheNewswire)

  

Vancouver, British Columbia / TheNewswire / September 25, 2018 - Flying Monkey Capital Corp. (“FMK.H”) (“FMCC” or the “Company”) is pleased to announce that following receipt of final approval by the TSX Venture Exchange (the “Exchange”), it has completed its previously announced 3:1 share consolidation and concurrently the acquisition of Fabled Copper and Gold Corp. (“Fabled”) by way of share exchange. Where the Fabled shareholders paid less than $0.05 cash per share for their Fabled shares they received one post-consolidated FMCC common share for every 2.67391250187413 Fabled Shares currently held. Where the Fabled shareholders paid $0.05 or more cash per share for their Fabled Shares they received one post-consolidated FMCC common share for every one Fabled Share currently held (the “Share Exchange”).

In connection with the Share Exchange, FMCC has issued an aggregate of 42,574,427 common shares of FMCC. Of these, 17,089,903 common shares of FMCC held by principals are subject to surplus escrow restrictions and 14,137,783 common shares of FMCC are subject to value escrow restrictions in accordance with the rules of the Exchange.

Effective Thursday, September 27, 2018 FMCC will change its name to Fabled Copper Corp. and will begin trading as a Tier 2 mining issuer on the Exchange under the symbol FCO. The Share Exchange, Consolidation and the name and symbol change (collectively the “Transaction”) constitutes the Company’s Qualifying Transaction and as of resumption of trading, the Company will no longer be a capital pool company under the rules of the Exchange.

Completion of the Transaction has also resulted in the reconstitution of the Company’s management and board of directors as follows: Michael B. Harrison, C.E.O. and Director, David W. Smalley, Lead Director, Peter J. Hawley, Director, Luc Pelchat, Director, Eugene A. Hodgson, President and Chief Financial Officer, John Kowalchuk, Vice President Exploration and Andrew T. Hunter, Corporate Secretary.

As a result of the completion of the Transaction, the Company is now a junior mineral exploration company that holds a 100% interest in a copper properties property located in British Columbia, Canada: the Muskwa Project, comprised of the Neil claims and the Toro Claims. The Muskwa Project is located approximately 170 kilometers west-southwest of Fort Nelson, BC, 50 kilometers southeast of Muncho Lake, BC, and 250 kilometers southeast of Watson Lake, Yukon.

Further information on the Transaction and the properties can be found in FMCC’s filing statement and the 43-101 Technical Report on the Muskwa Project which were posted to FMCC’s profile on SEDAR at www.sedar.com on September 5, 2018.

The Qualified Person, as defined under National Instrument 43-101 for Fabled’s projects is John Kowalchuk, the VP Exploration of the Company. Mr. Kowalchuk, P.Geo is responsible for the preparation of all technical information provided in this news release and has reviewed and approved the contents of this news release.

Investors are cautioned that, except as disclosed in the filing statement or other disclosure document to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.  

 

The TSX Venture Exchange Inc. has in no way passed judgement on the merits of the Transaction and has neither approved nor disapproved the contents of this press release.

 

All information contained in this news release with respect to FMCC and Fabled was supplied by the parties, respectively, for inclusion herein, and FMCC and its directors and officers have relied on Fabled for any information concerning Fabled.

 

For further information please contact:

 

Eugene A. Hodgson, President and C.F.O.

Flying Monkey Capital Corp.

Phone: (604) 805-6600

[email protected]

   

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