Alpha Copper is focused on contributing to the green economy by finding and developing copper resource assets in stable jurisdictions
Alpha Copper Announces Acquisition of Okeover Project. (Credit: CALITORE on Unsplash)
Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (FWB: PP0) (“Alpha Copper” or the “Company”), a resource sector enterprise founded to create value through mineral exploration, technical development, and asset acquisition, is pleased to announce that, further to its news release on September 25, 2023, it has acquired the Okeover Copper (molybdenum) Project (the “Okeover Project”) from Northwest Copper Corp. (the “Seller”).
The Company now holds a 100% undivided legal and beneficial interest in the Okeover Project, which encompasses twelve (12) mineral claims comprising approximately 4,613 hectares located in the Province of British Columbia. As consideration, the Company issued 5,675,369 common shares (the “Consideration Shares”) to the Seller at a deemed price of $0.0881 per Consideration Share for an aggregate value of approximately $500,000. The Consideration Shares are subject to a statutory hold period in accordance with applicable securities laws. In addition, 2,837,684 of the Consideration Shares are subject to a 12-month lock-up. Additional details concerning the acquisition are available in the Company’s news release dated September 25, 2023.
Source: Company Press Release