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Chainode name change to Dore Copper, QT, rollback

2019-12-13 18:59 ET - New Listing

See Change Name, Roll Back Shares (C-CXD) Chainode Opportunities Corp

The common shares of the company have been halted from trading since May 2, 2019, pending completion of a qualifying transaction.

Effective at the opening, Tuesday, Dec. 17, 2019, the common shares of Dore Copper Mining Corp. will commence trading on the TSX Venture Exchange under the symbol DCMC.

Pursuant to a resolution passed by shareholders Aug. 21 2019, prior to the qualifying transaction, the company has consolidated its capital on a one-new-for-10.8-old basis. The name of the company has also been changed to Dore Copper Mining.

Effective at the opening, Tuesday, Dec. 17, 2019, the common shares of Dore Copper Mining will commence trading on the TSX Venture Exchange, and the common shares of Chainode Opportunities Corp. will be delisted.

The TSX Venture Exchange has accepted for filing Chainode Opportunities' qualifying transaction as described in its filing statement dated Nov. 28, 2019. As a result, effective at the opening on Tuesday, Dec. 17, 2019, the trading symbol for the company will change from CXD.P to DCMC and the company will no longer be considered a capital pool company.

The exchange has been advised that the qualifying transaction has been completed. The full particulars of the company's qualifying transaction are set forth in the filing statement dated Nov. 28, 2019, which has been accepted for filing by the exchange and which is available under the company's profile on SEDAR. The qualifying transaction includes the following matters, all of which have been accepted by the exchange.

The company entered into an arm's-length definitive business combination agreement dated Aug. 16, 2019, with AmAuCu Mining Corp., whereby the company agreed to acquire all the issued and outstanding shares of AmAuCu. AmAuCu holds a 100-per-cent interest in the combined Corner Bay and Cedar Bay properties located in the Chibougamau area of Quebec that will be the principal property of the company. Pursuant to the agreement, the company acquired all of the common shares of AmAuCu in exchange for 24,876,678 postconsolidated common shares of the company and settled debt of approximately $2,043,389.40 in exchange for 1,571,838 at deemed price of $1.30 per share.

The company is classified as a mineral exploration company.

Private placement -- brokered

AmAuCu completed a brokered private placement announced by Chainode on Aug. 19, 2019.

Number of shares:  3,861,983 shares

Purchase price:  $1.30 per share

Warrants:  1,930,990 share purchase warrants to purchase 1,930,990 shares

Broker warrants:  188,260 share purchase warrants to purchase 188,260 shares

Warrant exercise price:  $1.95 per share for a two-year period

Broker warrant exercise price:  $1.30 per share for a two-year period

Number of placees:  23

Insider/pro group participation:  Canaccord Genuity Corp. (pro group), 77,000; Ewan Downie (insider), 75,000; RCF Opportunities L.L.C. (Dave Thomas) (insider), 192,307; OMF II (Be) Ltd. (Oskar Lewnowski) (insider), 288,461

Postconsolidation capitalization:  unlimited shares with no par value, of which 25,710,011 shares are issued and outstanding

Escrow:  11,430,300 escrow shares; 555,554 capital pool company escrow shares

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  DCMC (new)

Cusip No.:  25821T 10 0 (new)

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