GoldHaven's Strategic Acquisition Enhances Mining Portfolio
GoldHaven Completes Acquisition of Copper Peak Metals Inc.
GoldHaven Resources Corp. (CSE: GOH, OTCQB: GHVNF, FSE: 4QS0) recently achieved a significant milestone by completing its acquisition of Copper Peak Metals Inc. This strategic move enhances GoldHaven’s assets, positioning the company for exciting exploration opportunities.
Details of the Acquisition
In accordance with the securities exchange agreement established on October 31, 2024, GoldHaven officially acquired all issued and outstanding shares of Copper Peak. The transaction involved:
Consideration Shares and Warrants
The acquisition consists of approximately 3,990,000 common shares of GoldHaven, valued at a deemed price of $0.09 per share, translating to a total deemed consideration of $359,100. Additionally, the transaction included:
- 500,000 common share purchase warrants, exercisable at $0.10 each until September 16, 2027.
- 500,000 common share purchase warrants, exercisable at $0.10 each until August 22, 2027.
Pooling Arrangement
Out of the total 3,990,000 shares, 2,990,000 will be subjected to a pooling arrangement which stipulates that 10% of these shares will be released upon closing, with remaining shares released in increments of 15% every six months.
Strategic Implications of the Acquisition
Copper Peak owns a 100% undivided interest in the Magno Property and the Three Guardsmen Property, both located in a notable mineral district. Specifically, the Magno property consists of twenty-four mineral tenures, which places GoldHaven in a prime location for mineral exploration.
Exploring New Territories
Given British Columbia's robust mining landscape, known for housing a substantial number of Canada’s critical minerals, GoldHaven’s portfolio expansion is timely. The Magno property, a district-scale polymetallic property, is adjacent to the historically rich Cassiar mining district. Copper Peak's additional property, the Three Guardsmen, has evidenced significant findings of metals such as gold and copper.
Leadership Expansion
In conjunction with this acquisition, GoldHaven is pleased to announce the appointment of Gerry Diakow to its Board of Directors. Diakow brings extensive experience from his long-standing work in the Cassiar region since 1973. His familiarity with the area and the local community will be invaluable as GoldHaven pushes forward with exploration initiatives.
Company Vision and Future Exploration
GoldHaven’s CEO, Bonn Smith, remarked that this acquisition marks a pivotal moment for the company. The newly acquired properties in a historic district promise to facilitate further exploration phases, primarily on the Magno property, where there are anticipations of connecting to existing known porphyry systems.
About the Properties
The Magno and Three Guardsmen properties are located within a significant mining jurisdiction. British Columbia stands as a leading producer of copper in Canada and possesses vast deposits of gold. These regions are noted for their significant porphyry and polymetallic resources, driven by extensive geological activities.
The Rich Geology of Northwestern British Columbia
The geological history of Northwestern British Columbia has led to the emergence of some of the world’s richest porphyry deposits, emphasizing its prospects for future discoveries. The focus for GoldHaven’s exploration team includes ongoing geochemical and geophysical studies aimed at identifying potential sources of mineralization.
R.J. Johnston, a qualified professional from Engineers & Geoscientists British Columbia, has reviewed the technical information related to this acquisition.
About GoldHaven Resources Corp.
GoldHaven Resources Corp. is a Canadian junior exploration company that concentrates on acquiring and exploring potential-rich land packages across North America. The company is focused on driving growth and unlocking value through strategic acquisitions and diligent exploration.
Frequently Asked Questions
What is the significance of GoldHaven's acquisition of Copper Peak?
This acquisition significantly enhances GoldHaven's property portfolio, adding valuable mineral tenures in a strategic mining district.
How many shares were involved in the acquisition?
GoldHaven acquired approximately 3,990,000 common shares of Copper Peak as part of the transaction.
Who is Gerry Diakow?
Gerry Diakow is a seasoned professional in the mining sector and has been appointed to the Board of Directors of GoldHaven following this acquisition.
What are the main properties acquired?
The main properties acquired include the Magno Property and the Three Guardsmen Property, both known for their mineral richness.
What are GoldHaven's future plans following the acquisition?
GoldHaven plans to initiate phase 1 exploration, focusing on confirming potential connections to known porphyry systems in the area.
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