Tri Capital Opportunities Corp. (“
TCAP” or the
“
Company”) (TSXV: TCAP.P), a capital pool company,
is pleased to announce that it has filed a filing statement dated
July 20, 2021, (the "
Filing Statement") with the
TSX Venture Exchange (the "
TSXV") for the
acquisition of the option (the "
Option") from
Eagle Plains Resources Ltd. ("
Optionor") to
acquire an undivided 80% interest in and to certain mineral claims
in northern Saskatchewan collectively known as the Pine Channel
Gold Property.
The acquisition of the Option (the
“Transaction”), as previously announced in the
Company's news release dated May 12, 2021, will constitute TCAP’s
Qualifying Transaction, as defined under TSXV Policy 2.4 - Capital
Pool Companies. Assuming all conditions for closing are satisfied,
the Company and Optionor expect to close the Transaction on or
about July 26, 2021 (the "Anticipated Closing
Date").
In due course, the parties to the Transaction
will issue a further comprehensive news release announcing, among
other things, the closing of the Transaction and the date on which
the common shares of TCAP (the “TCAP Shares”) will
resume trading.
Name Change
In connection with the Transaction, on or before
the Anticipated Closing Date, the Company will change its name to
"Alpha Minerals Ltd." (the "Name Change") and the
Company’s trading symbol will change from "TCAP.P" to "APMI".
Completion of the Name Change remains subject to the approval of
the TSXV.
Technical Report
A technical report titled “Technical Report for
the Pine Channel Property” dated effective June 17, 2021, prepared
in accordance with National Instrument 43-101 - Standards of
Disclosure for Mineral Projects, has been prepared for the
Optionor’s Pine Channel Gold Property and will be filed under the
Company's SEDAR profile in conjunction with the filing of the
Filing Statement.
Management and Board of
Directors
The management team of the Resulting Issuer will
be led by James Pettit as President and CEO, Timothy Fernback as
the CFO, Kelly Pladson as the Corporate Secretary, and Raymond
Wladichuk, P.Geo as VP Exploration.
The board of directors of the Resulting Issuer
will be comprised of James Pettit, Timothy Fernback, Jordan
Trimble, Simon Dyakowski, Riley Trimble and Nick Findler. Please
see the Company’s news release dated May 12, 2021, and the Filing
Statement for additional information on the incoming board of
directors and management team.
Trading Halt
The TCAP Shares are currently halted from
trading, and the trading of the TCAP Shares is expected to remain
halted pending completion of the Transaction.
Cautionary Note
Neither the 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.
For further information, please contact:
Tri Capital Opportunities
Corp.
“Jim
Pettit”
James PettitPresident and CEO
For further information, please contact:
Tri Capital Opportunities Corp.Kelly Pladson,
Corporate SecretaryEmail: kpladson@sentinelmarket.comTel: (604)
639-3857
Forward Looking
Information
Investors are cautioned that, except as
disclosed in the Filing Statement, any information released or
received with respect to the Transaction may not be accurate or
complete and should not be relied upon. Trading in the securities
of a capital pool company should be considered highly
speculative.
The information in this press release includes
certain information and statements about management's view of
future events, expectations, plans and prospects that constitute
forward looking statements, including statements with respect to
the completion of the Transaction, resumption of trading in the
TCAP Shares and the Company’s anticipated Name Change.
Such statements and information reflect the
current view of the Company. Risks and uncertainties exist that may
cause actual results to differ materially from those indicated or
implied in the forward-looking statements and information. Such
factors include, among others: the risk that required approvals and
the satisfaction of material conditions are not obtained in
connection with the Transaction; the risk that the Transaction is
not approved or completed by the Anticipated Closing Date or on the
terms set out in the definitive agreement; reliance on key
management; disruptions or changes in the credit or security
markets; risks associated with the COVID-19 pandemic; unanticipated
costs and expenses; and general market and industry conditions.
The forward-looking statements, while considered
reasonable by the Company, are inherently based upon assumptions
that are subject to significant risks and uncertainties, including,
but not limited to, assumptions that all conditions to the closing
of the Transaction will be satisfied, the Transaction will be
completed by the Anticipated Closing Date and on the terms set
forth in the definitive agreement and the Company will be able to
carry out its business plan as contemplated. Although TCAP and the
Optionor believe that the expectations reflected in forward-looking
statements are reasonable, they can give no assurances that the
expectations of any forward-looking statements will prove to be
correct.
The forward-looking information contained in
this press release represents the expectations of the Company as of
the date of this press release and, accordingly, is subject to
change after such date. Readers should not place undue importance
on forward looking information and should not rely upon this
information as of any other date. While the Company may elect to,
it does not undertake to update this information at any particular
time except as required in accordance with applicable laws.
This press release is not an offer of the
securities for sale in the United States. The securities have not
been registered under the U.S. Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent
registration or an exemption from registration. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any
state in which such offer, solicitation or sale would be
unlawful.
Tri Capital Opportunities (TSXV:TCAP.P)
Historical Stock Chart
From Jul 2024 to Aug 2024
Tri Capital Opportunities (TSXV:TCAP.P)
Historical Stock Chart
From Aug 2023 to Aug 2024