Sagittarius Capital Corporation Announces Receipt of Conditional Listing Approval for Qualifying Transaction With Alpaca Reso...
02 Dezember 2011 - 1:11AM
Marketwired
Sagittarius Capital Corporation (NEX:SCX.H) ("Sagittarius" or the
"Company"), a capital pool company, is pleased to announce it has
received conditional approval from the TSX Venture Exchange (the
"Exchange") to effect a business combination (the "Transaction")
between the Company, Alpaca Resources Inc. ("Alpaca") and Cave
Creek Precious Metals Inc. ("CCPM"). Alpaca and CCPM are
non-reporting issuers incorporated under the laws of the Province
of Ontario.
In connection with the Transaction, Sagittarius filed the final
filing statement on SEDAR on November 29, 2011. Completion of the
Transaction is subject to Sagittarius fulfilling all conditions
required by the Exchange on or before February 27, 2012, including
a concurrent financing between $3,300,000 and $6,000,000. Along
with with the filing statement, Sagittarius filed NI 43-101
compliant technical reports on each of the Iron Butte property in
Nevada and the Hill Copper property in Arizona, and an independent
third party valuation report on the Iron Butte property on
SEDAR.
In addition, Sagittarius filed its unaudited interim financial
statements for the three and nine month periods ended September 30,
2011 on SEDAR on November 29, 2011.
About Sagittarius Capital Corporation
The Company is a NEX-listed company and is a Capital Pool
Corporation as defined in the TSX Venture Exchange Policy 2.4. The
Company's principal business is the identification and evaluation
of assets or businesses with a view to completing a Qualifying
Transaction within the meaning of Exchange policies.
In accordance with the Exchange policies, the common shares of
Sagittarius are currently halted from trading, and it is intended
that they will remain halted until completion of the Qualifying
Transaction.
About Alpaca Resources Inc.
Alpaca is a Canadian junior exploration company with advanced
exploration-stage gold and copper properties in the Western United
States. Alpaca's gold portfolio consists of the Iron Butte project
in Lander County, Nevada, approximately eight miles south of the
Cove-McCoy mine, which produced 3.4 million ounces of gold and over
110 million ounces of silver. Extensive historical drilling has
been done on the Iron Butte property. Alpaca's objective is to
define an NI 43-101 compliant resource. Alpaca's copper portfolio
consists of the Hill Copper project located in Cochise County,
Arizona.
"Completion of the Transaction is subject to a number of
conditions including, but not limited to, Exchange acceptance, and
if applicable, pursuant to Exchange Requirements, majority of the
minority shareholder approval. Where applicable, the Transaction
cannot close until the required shareholder approval is obtained.
There can be no assurance that the Transaction will be completed as
proposed or at all.
Investors are cautioned that, except as disclosed in the
management information circular or filing statement to be prepared
in connection with the Transaction, any information released or
received with respect to the Transaction may not be accurate or
complete and should not be relied upon. Trading in the securities
of a capital pool company should be considered highly
speculative.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the proposed transaction and has neither approved nor
disapproved the contents of this press release."
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in the
United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S.
persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
Forward-Looking Statements
This press release contains "forward-looking information", as
such term is defined in applicable Canadian securities legislation.
There can be no assurance that such information will prove to be
accurate or that management's expectations or estimates of future
developments, circumstances or results will materialize.
Accordingly, readers should not place undue reliance on
forward-looking information. The forward-looking information in
this press release is made as of the date of this press release,
and Sagittarius disclaims any intention or obligation to update or
revise such information, except as required by applicable law.
Neither TSX Venture Exchange Inc. nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange Inc.) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Sagittarius Capital Corporation Robin Sundstrom
President (647) 822-8111robin@ironsideir.com Alpaca Resources Inc.
Yannis Banks CEO (416) 777-6169ybanks@foundationmarkets.com
Sagittarius Capital Corp (TSXV:SCX.H)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Sagittarius Capital Corp (TSXV:SCX.H)
Historical Stock Chart
Von Jun 2023 bis Jun 2024