Gespeg Copper Resources Reports Results of DNA Canada Inc. Shareholders Vote for Acquisition of Montauban Project
TSX VENTURE: GCR
SASKATOON, Saskatchewan, April 16, 2019 (GLOBE NEWSWIRE) -- GESPEG COPPER RESOURCES INC. (TSX-V:GCR) (the “Company” or “Gespeg”), is pleased to announce that at the annual general meeting (the “AGM”), the shareholders of DNA Canada Inc. voted overwhelmingly in favor of the transaction with Gespeg, as was announced on January 31, 2019.
Approval of the DNA shareholders was a one of the requirements to complete the transaction and the Letter of Agreement (the “of Agreement”) with DNA Canada Inc. (“DNA”) pursuant to which Gespeg shall acquire from DNA the following assets:
- 152 mining claims and 1 mining concession located in the Montauban and Chavigny townships, in the county of Portneuf, in the province of Québec (the “Property”);
- the building, immovables and other assets and permits located on, or with respect to the Property,
- the rights and obligations of DNA pursuant to the Option Agreement dated December 5, 2018 between DNA and Osisko Metals Incorporated with respect to the Property (see DNA press released of December 12Th, 2018).
Sylvain Laberge President “We are pleased by the results of DNA Shareholders vote and the confidence they give Gespeg to bring the Montauban project forward. I invite all shareholders to register via our new website www.gespegresources.com to receive the press release and future news.”
The final completion of the transaction requires a revised and amended NI43-101 of the already filed Report as well as the final approval of the TSX-V. The Company has completed its work on the updated and amended NI 43-101 report and it is with the TSX-V for final review.
About Gespeg: Gespeg is an exploration company with a focus in underexplored regions “Montauban, Gaspé, Québec”. With a dedicated management team, the Company’s goal is to create shareholder value through the discovery of new deposits.
GESPEG COPPER RESOURCES INC.
(signed) “Sylvain Laberge”
President and CEO
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.