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Altina Capital Corp
Symbol	ALTN
Shares Issued	8,000,000
Close 2023-12-18	C$ 0.02
Market Cap	C$ 160,000
Recent Sedar+ Documents

Altina plans to enter LOI for Aeonian merger as QT

2024-01-26 18:34 ET - News Release

Subject: Immediate Dissemination of Press Release - Friday, January 26, 2024 - Altina Capital Corp. (TSXV: ALTN.P) PDF Document File: Attachment 26Jan2024 - News Release_Altina.pdf NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ALTINA CAPITAL CORP. ANNOUNCES PROPOSED TRANSACTION FOR IMMEDIATE RELEASE VANCOUVER, B.C. January 26, 2024 Altina Capital Corp. (TSXV: ALTN.P) (the "Company") is pleased to announce it has reached a preliminary agreement with Aeonian Resources Inc. ("ARI") to proceed with a proposed qualifying transaction involving the merger of the Company and ARI (the "Proposed Transaction"), which the parties intend to constitute the Company's "qualifying transaction" as defined in Policy 2.4 Capital Pool Companies ("Policy 2.4") of the TSX Venture Exchange (the TSX- V"). Negotiation of the definitive terms of the Proposed Transaction is on-going, and the parties have not yet reached an "agreement in principal" within the meaning of Policy 2.4. The Company intends to provide a further announcement providing the details of the Proposed Transaction, including any concurrent financing, following execution of a binding letter of intent (a "Letter of Intent"). ARI is a private company incorporated under the laws of B.C., focused on its copper exploration property located in southeast British Columbia. The "Koocanusa Copper Project" comprises 300 square kilometers of road accessible mineral tenure near the town of Cranbrook. All tenure is 100% held by ARI, making Koocanusa one of the largest land packages in the area. ARI has a recent National Instrument 43-101 technical report on the Koocanusa Copper Project, completed in August 2023 by an independent qualified person, which identified 11 copper targets within the project area. Completion of the Proposed Transaction is subject to a number of conditions, including, but not limited to, completion and execution of the Letter of Intent, followed by the execution of a definitive agreement in respect of the Proposed Transaction, completion by parties of satisfactory due diligence, satisfaction by the parties of all applicable filing and listing requirements pursuant to Policy 2.4 TSX-V and acceptance and receipt of all applicable regulatory, corporate and shareholder approvals, including the approval of the TSX- V. Trading in the common shares of the Company has been halted in connection with the announcement of the Proposed Transaction. The Company expects that trading will remain halted pending closing of the Proposed Transaction, subject to the earlier resumption upon TSX-V acceptance of the Proposed Transaction and the filing of required materials in accordance with TSX-V policies. About Altina Capital Corp. Altina Capital was incorporated on Aug. 23, 2019, pursuant to the provisions of the Business Corporations Act (British Columbia) and is a capital pool company, as such term is defined in Policy 2.4 of the TSX-V. For further information, please see the final prospectus of the company dated July 21, 2020, filed under the company's profile on SEDAR+. For further information, please contact: Terry Salman, Director Telephone: (604) 622-5272 - 2 - Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the terms, conditions, and completion of the Proposed Transaction and receipt of requisite shareholder or regulatory approvals; the business and operations of the Company; and use of funds. In making the forward- looking statements contained in this press release, the Company has made certain assumptions, including that: due diligence will be satisfactory; any concurrent financing contemplated pursuant to the Proposed Transaction will be completed on acceptable terms and receipt of all applicable shareholder, and regulatory approvals for the Proposed Transaction. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: results of due diligence; availability of financing; delay or failure to receive board, shareholder or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. 1395-1235-0473, v. 2