Copper One Inc. Announces Name Change to “QuestCap Inc.” and Board Appointment
26 September 2019 - 11:40PM
Copper One Inc. (the “
Company”)
(CSE: QSC) is pleased to announce that the Company has changed its
name to “QuestCap Inc.” and that Daniyal Baizak has been appointed
to the Company’s board of directors, each effective immediately.
The Company’s shareholders approved the name change at the
Company’s annual and special meeting of shareholders held on
September 25, 2019 (the “
AGM”). Trading of the
Company’s shares under the new name on the Canadian Securities
Exchange (“
CSE”) remains subject to CSE approval
and is expected to commence at the beginning of October 2019.
In addition, at the AGM the Company’s
shareholders approved all of the other resolutions detailed in the
management information circular dated August 26, 2019, which is
available under the Company’s profile at www.sedar.com.
Mr. Baizak is a business consultant with
considerable experience providing financial and strategic advice on
mergers and acquisitions and managing multiple projects for a
variety of private and public companies in Central Asia. Mr. Baizak
holds a Bachelor of Commerce from Rotman School of Management,
University of Toronto.
The Company has granted 100,000 stock options to
Mr. Baizak pursuant to the Company’s stock option plan. The stock
options vest immediately and may be exercised at a price of $0.04
per common share for a period of five years from the date of issue.
This grant of options is subject to the approval of the Canadian
Securities Exchange.
Mr. Baizak’s appointment to the Company’s board
of directors follows Fred Leigh’s resignation as a director, also
effective immediately. The board and management of the Company
express their gratitude to Mr. Leigh for his efforts and extensive
contributions and wish him well in his future endeavours.
About QuestCap Inc.
QuestCap Inc. is an investment company that
seeks to enhance shareholder value over the long term by
opportunistically making various investments that may include,
without limitation, the acquisition of equity, debt or other
securities of publicly traded or private companies or other
entities, financing in exchange for pre-determined royalties or
distributions and the acquisition of all or part of one or more
businesses, portfolios or other assets.
For additional information, please contact:
Aaron Atin Corporate Secretary
aaron.atin@fmresources.ca 1-416-861-5888
Cautionary Note Regarding
Forward-looking Information
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the name change of the
Company, the timing of the commencement of trading of the Company’s
shares under the new name, the appointment and resignation of
directors and the grant of stock options. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company, as the case
may be, to be materially different from those expressed or implied
by such forward-looking information. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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