HEC Handa Copper Corporation

Handa Copper Corporation ("Handa Copper") - (TSX VENTURE:HEC) announces that it
has closed its fundamental acquisition (the "Acquisition"), originally announced
on April 29, 2014. In connection with closing of the Acquisition, Handa Copper
acquired 20% of the outstanding shares of each of Renaissance Copper Limited and
Nirvana Minerals Limited (the "Companies") for aggregate consideration of
US$400,000, plus permitting fees and other charges in the aggregate of US$24,125
levied on the Projects (as defined below) by the Government of the Republic of
Congo.


The Companies are the indirect owners of the Maboudou and the Banda-Kayes
projects (the "Projects"), located in the Republic of Congo. Handa Copper has an
option to earn up to a 100% interest in each of the Companies as summarized in
its news release dated April 29, 2014. Upon acquiring a 100% interest in either
Company, such interest will become subject to: (a) an interest equal to at least
10% of the applicable Project being taken by the Government of the Republic of
Congo; and (b) a royalty payable to the vendor equal to 1.455% of the production
revenue from the applicable Project.


Jon Stacey, President of Handa Copper, stated: "I am delighted that the
acquisition has been closed timeously. Since the original announcement in April,
Handa has been gathering historical data and consolidating our geological
understanding and we are now able to take full advantage of the Congolese dry
season to initiate the exploration activities".


A National Instrument 43-101 geological report for the Projects has been
prepared in connection with the Acquisition and will be filed on SEDAR at
www.sedar.com.


The Projects

The Maboudou project is located within the department of Niari in northwestern
Republic of Congo and consists of a land package covering approximately 3,000
square kilometres. The Banda Kayes project has a land package totalling
approximately 5,100 square kilometres and is located in the department of
Bouenza in the south of the country. Both areas are underlain by the
Neoproterozoic metasediments of the West Congolian Belt, a highly prospective
geological belt that traverses the Republic of Congo and extends north into
Gabon and south into the Democratic Republic of Congo.


About Handa Copper Corporation 

Handa Copper is focused on the review of copper opportunities in Africa. Our
field geologists are regularly engaged in field evaluation of project
submissions and testing in-house exploration concepts. Our goal is to build a
portfolio of significant copper projects in Africa.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


Certain statements in this news release contain forward-looking information.
These statements include, but are not limited to, statements with respect to the
option agreements, including the terms thereof, and with respect to the
Projects. These statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of to be materially different
from any future results, outcome, performance or achievements expressed or
implied by the statements. Such factors include, among others, the overarching
risk that the options will not be exercised, and risks related to the
availability of financing and the future price of metals. With respect to the
Projects, risk factors include the price of metals, results of exploration
activities, relations with locals, jurisdictional risks, the availability of
exploration equipment, and risks related to the exercise of the option
agreements. There can be no assurances that such statements will prove to be
accurate and actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader should not place any
undue reliance on forward-looking information or statements. The Company
undertakes no obligation to update forward-looking information or statements,
other than as required by applicable law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marek Kreczmer
CEO
Handa Copper Corporation
(604) 601-6926
marek@handacopper.com

Handa Copper Corporation (TSXV:HEC)
Historical Stock Chart
From May 2024 to Jun 2024

Handa Copper Corporation (TSXV:HEC)
Historical Stock Chart
From Jun 2023 to Jun 2024