Copper One Settles Litigation with Quebec Government over Rivière Doré Project
TORONTO, ONTARIO--(Marketwired - Nov. 15, 2017) - Copper One Inc. (TSX VENTURE:CUO) ("Copper One" or the "Company") reports that on November 15, 2017, Copper One and the Québec Government entered into a settlement agreement which facilitates an end to Copper One's participation in the Rivière Doré Project.
Pursuant to the settlement agreement, Copper One has agreed to the assignment of all the mining claims comprising the Rivière Doré Project to SOQUEM and the Québec Government has agreed to pay $8 million in cash to Copper One in consideration for, amongst other things, the amounts invested in exploration works on the project by Copper One. The transaction is expected to be completed by December 15, 2017.
