18:00:26 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Montan Capital Corp
Symbol MO
Shares Issued 8,000,000
Close 2014-11-14 C$ 0.05
Market Cap C$ 400,000
Recent Sedar Documents

Montan receives conditional TSX-V OK for QT with Strait

2015-01-26 17:12 ET - News Release

Also News Release (C-SRD) Strait Minerals Inc

Mr. Ryan Fletcher of Montan Capital reports

MONTAN CAPITAL CORP. AND STRAIT MINERALS INC. ANNOUNCE CONDITIONAL APPROVAL FROM TSXV AND THE FILING OF INFORMATION CIRCULAR AND TECHNICAL REPORT

Further to joint news releases dated Dec. 3, 2014, and Jan. 6, 2014, Montan Capital Corp. and Strait Minerals Inc. have received conditional acceptance from the TSX Venture Exchange for the proposed qualifying transaction of Montan, whereby Montan will amalgamate with 1023174 B.C. Ltd. (Newco), a newly incorporated subsidiary of Strait, pursuant to the amalgamation agreement dated Jan. 6, 2015, among Montan, Strait and Newco. Montan and Strait have filed on SEDAR a joint information circular to obtain approval from their shareholders to the amalgamation agreement at shareholders meetings to be held Feb. 24, 2015. The joint circular provides detailed information about the amalgamation agreement and transaction, and was mailed to shareholders of Montan and Strait, who were shareholders on Jan. 19, 2015.

Montan and Strait have also filed on SEDAR a National Instrument 43-101-compliant technical report with respect to Strait's Alicia property, which is expected to be the resulting issuer's principal property (as defined in the policies of the exchange) upon completion of the transaction, entitled, "NI 43-101 technical report on the Alicia copper-gold project," written by James A. McCrea, PGeo, and dated Dec. 29, 2014. Mr. McCrea is a qualified person as defined in NI 43-101 and is independent of Montan and Strait. Excerpts from the technical report are included in the joint circular.

The continuing company will be named Montan Mining Corp. and be focused on exploration and mine development in Peru. Montan Mining will be led by an experienced management and capital markets team with a record of success in mine development in Peru (as well as other jurisdictions) and have a local Peruvian shareholder support base. Montan Mining will advance the Alicia project for its high-grade copper potential and provide a platform to seek further opportunities in the Peruvian mining sector, presented by the current malaise in the mining and resource market.

Mr. McCrea has reviewed and approved the technical content of this press release as the qualified person for Strait and Montan.

We seek Safe Harbor.

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