18:09:24 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Majuba Hill Copper Corp
Symbol JUBA
Shares Issued 54,841,631
Close 2023-12-18 C$ 0.035
Market Cap C$ 1,919,457
Recent Sedar+ Documents

Majuba Hill Copper closes Copper Chest acquisition

2023-12-19 12:50 ET - News Release

Subject: News Release for Immediate Dissemination PDF Document File: Attachment Dec-19-2023-NR.pdf *Press Release December 19, 2023 MAJUBA HILL CLOSES ACQUISITION OF COPPER CHEST PROJECT VANCOUVER, BC -- December 19, 2023 -- Majuba Hill Copper Corp. (CSE: JUBA| OTC: JUBAF | FWB:4NP) ("Majuba Hill Copper" or the "Company") is pleased to announce is pleased to announce that further to its news release dated October 9, 2023 it has completed the acquisition (the "Acquisition") of all the issued and outstanding common shares in the capital of 1429570 BC Ltd. ("1429 BC") pursuant to the terms of a share exchange agreement dated October 5, 2023 (the "Share Exchange Agreement") between the Company, 1429 BC, and the Shareholders of 1429 BC (the "1429 BC Shareholders"). 1429 BC is a privately held Company based in Vancouver, British Columbia. 1429 BC holds title to the Copper Chest Project, which includes 15 mineral claims totaling 375 hectares located approximately 180km SE of St. John's, Newfoundland. Share Exchange Agreement Terms Pursuant to the terms of the Share Exchange Agreement and in consideration for the Acquisition, the Company issued an aggregate of 13,260,000 common shares in the capital of the Company (the "Payment Shares") pro rata to the 1429 BC Shareholders at a deemed price of $0.15 per Payment Share. The Payment are subject to a restriction of resale for a period of four months and one day from the closing date of the Acquisition. None of the securities to be issued pursuant to the Transaction have been or will be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issued pursuant to the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Rule 506(b) of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act and applicable exemptions under state securities laws. In addition, the securities issued under an exemption from the registration requirements of the U.S. Securities Act will be "restricted securities" as - 2 - defined under Rule 144(a)(3) of the U.S. Securities Act and will contain the appropriate restrictive legend as required under the U.S. Securities Act. About Majuba Hill Majuba Hill Copper Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity. The flagship project is the Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations. On Behalf of the Board of Majuba Hill Copper Corp. "David Greenway" David C. Greenway President & CEO For further information, please contact: Joel Warawa VP of Corporate Communications E: jw@majubahillcopper.com P: 1 (855) 475-0745 Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release. FORWARD LOOKING STATEMENTS: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not - 3 - historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Word Document File: '\\swfile\EmailIn\20231219 093455 Attachment Majuba Hill - News Release Announcing Closing of 1429 BC Acquisition [FINAL].docx' - 3 - *Press Release December 19, 2023 MAJUBA HILL CLOSES ACQUISITION OF COPPER CHEST PROJECT VANCOUVER, BC - December 19, 2023 - Majuba Hill Copper Corp. (CSE: JUBA| OTC: JUBAF | FWB:4NP) ("Majuba Hill Copper" or the "Company") is pleased to announce is pleased to announce that further to its news release dated October 9, 2023 it has completed the acquisition (the "Acquisition") of all the issued and outstanding common shares in the capital of 1429570 BC Ltd. ("1429 BC") pursuant to the terms of a share exchange agreement dated October 5, 2023 (the "Share Exchange Agreement") between the Company, 1429 BC, and the Shareholders of 1429 BC (the "1429 BC Shareholders"). 1429 BC is a privately held Company based in Vancouver, British Columbia. 1429 BC holds title to the Copper Chest Project, which includes 15 mineral claims totaling 375 hectares located approximately 180km SE of St. John's, Newfoundland. Share Exchange Agreement Terms Pursuant to the terms of the Share Exchange Agreement and in consideration for the Acquisition, the Company issued an aggregate of 13,260,000 common shares in the capital of the Company (the "Payment Shares") pro rata to the 1429 BC Shareholders at a deemed price of $0.15 per Payment Share. The Payment are subject to a restriction of resale for a period of four months and one day from the closing date of the Acquisition. None of the securities to be issued pursuant to the Transaction have been or will be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issued pursuant to the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Rule 506(b) of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act and applicable exemptions under state securities laws. In addition, the securities issued under an exemption from the registration requirements of the U.S. Securities Act will be "restricted securities" as defined under Rule 144(a)(3) of the U.S. Securities Act and will contain the appropriate restrictive legend as required under the U.S. Securities Act. About Majuba Hill Majuba Hill Copper Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity. The flagship project is the Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations. On Behalf of the Board of Majuba Hill Copper Corp. "David Greenway" David C. Greenway President & CEO For further information, please contact: Joel Warawa VP of Corporate Communications E: jw@majubahillcopper.com P: 1 (855) 475-0745 Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release. FORWARD LOOKING STATEMENTS: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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