Ocean Partners Investments Limited Acquires Securities of Doré Copper Mining Corp.

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Ocean Partners Investments Limited Acquires Securities of Doré Copper Mining Corp.

Canada NewsWire

BERKSHIRE, UK, Dec. 17, 2019 /CNW/ - Ocean Partners Investments Limited (the "Acquiror") announced today that it has acquired 5,920,000 common shares ("Common Shares") of Doré Copper Mining Corp. (formerly ChaiNode Opportunities Corp.) ("Doré Copper") in connection with Doré Copper's business combination transaction (the "Business Combination") with AmAuCu Mining Corporation ("AmAuCu") that was completed on December 13, 2019. The Business Combination constituted the "Qualifying Transaction" for Doré Copper under Policy 2.4 of the TSXV Corporate Finance Manual. In connection with the Business Combination, Doré Copper acquired all of the issued and outstanding securities of AmAuCu by way of a three-cornered amalgamation whereby AmAuCu amalgamated with 11588915 Canada Inc., a wholly-owned subsidiary of Doré Copper ("Subco"), in accordance with the terms of an amalgamation agreement dated December 12, 2019 among Doré Copper, Subco and AmAuCu. Upon the completion of the Business Combination, the Acquiror received the Common Shares in exchange for the 5,920,000 common shares in the capital of AmAuCu that the Acquiror held prior to the Business Combination (the "AmAuCu Shares"). Further information in respect of the Business Combination is contained in Doré Copper's news release dated December 13, 2019.

The Common Shares acquired by the Acquiror were issued in exchange for the AmAuCu Shares without payment of additional consideration, at an exchange ratio of one Common Share for each AmAuCu Share. Immediately prior to the closing of the Business Combination, the Acquiror did not own any securities of Doré Copper. Immediately following the closing of the Business Combination, the Acquiror owns an aggregate of 5,920,000 Common Shares, representing approximately 23.03% of the issued and outstanding Common Shares (based on the number of Common Shares issued and outstanding on the date of the closing of the Business Combination being 25,710,011).

The Acquiror automatically acquired the Common Shares upon the completion of the Business Combination. The Acquiror holds the Common Shares for investment purposes. The Acquiror currently has no plans or intentions that relate to, or would result in, any of the actions requiring disclosure under the early warning reporting provisions of applicable securities laws. Depending on market conditions, general economic and industry conditions, trading prices of Doré Copper's securities, Doré Copper's business, financial condition and prospects and/or other relevant factors, the Acquiror may develop such plans or intentions in the future and may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the Common Shares or other securities of Doré Copper.

This news release is being issued under the early warning reporting provisions of applicable securities laws. An early warning report with additional information in respect of the foregoing matters will be filed and made available under the SEDAR profile of Doré Copper at www.sedar.com. To obtain a copy of the early warning report, you may also contact Brent Omland, the Chief Accounting Officer of the Acquiror, at [email protected]. The Acquiror's address is The Pearce Building, West Street, Maidenhead, Berkshire, United Kingdom, SL6 1EF. Doré Copper's head office is located at 133 Richmond Street West, Suite 501, Toronto, Ontario, M5H 2L3.

Forward-Looking Information

Certain statements in this news release are forward-looking statements and are prospective in nature, including statements with respect to the Acquiror's future intentions regarding the securities of Doré Copper. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Such forward-looking statements should therefore be construed in light of such factors, and the Acquiror is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

SOURCE Ocean Partners Investments Limited

View original content: http://www.newswire.ca/en/releases/archive/December2019/17/c8026.html

Copyright CNW Group 2019

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).