{kanada_flagge}Pursuant to a contractual agreement, the three companies Interra Copper Corp., Alto Verde Copper Inc. and its private subsidiary, 1000465623 Ontario Inc. have combined their capital and will now operate as Interra Copper Corp. (CSE:IMCX; OTCQB:IMIMF; FRA:3MX). Interra Copper Corp. now owns a portfolio of promising copper exploration projects, including the Tres Marias and Zenaida projects in the Antofagasta region of Chile, Pitbull in the Tarapaca region of Chile, and the Thane and Chuck Creek projects in northern British Columbia, Canada.
{kanada_flagge}Pursuant to a contractual agreement, the three companies Interra Copper Corp., Alto Verde Copper Inc. and its private subsidiary, 1000465623 Ontario Inc. have combined their capital and will now operate as Interra Copper Corp. (CSE:IMCX; OTCQB:IMIMF; FRA:3MX). Interra Copper Corp. now owns a portfolio of promising copper exploration projects, including the Tres Marias and Zenaida projects in the Antofagasta region of Chile, Pitbull in the Tarapaca region of Chile, and the Thane and Chuck Creek projects in northern British Columbia, Canada.
As part of the business combination, Interra raised a net $2,894,874.91 in financing. The fresh money will be used to advance the Chilean and Canadian projects and for general corporate purposes. Upon completion of the entire transaction, Interra will have 22,291,026 shares outstanding on an undiluted basis.
Chris Buncic and Rick Gittleman were newly appointed to Interra’s Board of Directors, joining three existing Board members, Jason Nickel, David McAdam and Scott Young. Chris Buncic was appointed President and Chief Executive Officer of the Company and Jason Nickel assumed the role of Chief Operating Officer of the Company. In accordance with the terms of the business combination, Thomas Hawkins has resigned from the Board of Directors and remains VP, Exploration of the Company.
Chris Buncic, Director and CEO of Interra, said, “The combination of our companies is the first exciting step in executing our plans to build a multi-country focused copper company and create a significant growth platform in the copper market. Our talented team of mining professionals, with a proven track record of developing, financing and operating mines around the world over the past 20 years, is focused on advancing Interra’s copper strategy and positioning the company to benefit from the expected decline in global copper supply in the coming decades. We look forward to advancing our projects in Chile and British Columbia, which are located in two proven copper belts.”
Interra’s leadership team consists of senior mining industry executives with extensive technical and capital markets experience and a track record of discovering, financing, developing and operating mining projects on a global scale.
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