Mr. Terry Salman reports
ALTINA CAPITAL CORP. ANNOUNCES PROPOSED TRANSACTION
Altina Capital Corp. has reached a preliminary agreement with Aeonian Resources Inc. to
proceed with a proposed qualifying transaction involving the merger of the company and ARI, which the parties intend to constitute the company's qualifying transaction
as defined in Policy 2.4 (Capital Pool Companies) of the TSX Venture Exchange. Negotiation of the definitive terms of the proposed transaction is continuing, and the parties have not
yet reached an agreement in principle 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.
ARI is a private company incorporated under the laws of British Columbia, focused on its copper exploration property
located in southeastern British Columbia. The Koocanusa copper project comprises 300 square kilometres
of road-accessible mineral tenure near the town of Cranbrook. All tenure is 100 per cent 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 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+.
We seek Safe Harbor.
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