Toronto, June 9th, 2022 – Canadian Copper Inc. (“Canadian Copper” or the “Company”) is pleased to announce that it has obtained a receipt of its final non-offering, long form prospectus dated May 24th, 2022 (the “Prospectus”) from the Ontario Securities Commission. The Prospectus has been filed under Multilateral Instrument 11-102 Passport System in British Columbia, Alberta, and New Brunswick. Concurrent with its Prospectus, the Company has also received conditional approval from the Canadian Securities Exchange (the “CSE”) to list the Company’s common shares on the CSE under the ticker “CCI”, subject to the satisfaction of the public distribution requirements and final approval from the CSE.
Option Agreement Update
Under the Option Agreement dated June 30th, 2021, Puma Exploration Inc. (TSX.V: PUMA) (“Puma”) was issued 6,000,000 Canadian Copper common shares to be distributed to Puma shareholders once Canadian Copper successfully obtained a receipt for its final Prospectus and conditional approval to be listed on the CSE (the “Condition Precedents”). Canadian Copper has provided notice to Puma, which has been accepted by Puma, that Canadian Copper has satisfied the Condition Precedents of the Option Agreement. Puma has now set a Record Date of June 17th, 2022 to distribute up to 6,000,000 Canadian Copper common shares to the Puma shareholders on or before June 30th, 2022. After which, Canadian Copper expects to meet the CSE public distribution requirements and be in a position for final approval for listing on the CSE.
To access Puma’s news release announcing the Record Date and related details, please visit www.explorationpuma.com.
About the Bathurst Mining Camp
The Company is focused on the prolific Bathurst Mining Camp of New Brunswick, Canada. This region is a world class mining district with thirteen (13) former mining operations and hosts more than forty-five (45) known volcanogenic massive sulphide (“VMS”) deposits. Our flagship Chester Project is 75 km south of the renowned Brunswick #12 mine that operated for 5 decades. New Brunswick has the modern infrastructure needed for mineral exploration and mine development coupled with a clear and well-established regulatory environment.
About Canadian Copper Inc.
Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada.