Core Viewpoint - Leviathan Gold Ltd. has entered into an amalgamation agreement with Cura Exploration Botswana Corp. and its subsidiary, which will allow Leviathan to acquire Cura's assets, including significant copper and uranium exploration portfolios in Botswana [1][8]. Company Overview - Leviathan Gold Ltd. is a Canadian-based mineral exploration company listed on the TSXV and Germany [17]. - Cura Exploration Botswana Corp. is the 100% owner of the Kalahari Copper and Uranium Exploration Portfolios in Botswana [1]. Acquisition Details - The amalgamation agreement will result in the exchange of all issued and outstanding securities of Cura for Leviathan shares on a one-to-one basis [1]. - Leviathan will issue 37,000,000 common shares and 5,500,000 common share purchase warrants to acquire Cura [8][9]. - The transaction includes milestone payments of up to 16,500,000 Leviathan shares contingent on achieving specific resource estimates [10]. Asset Highlights - The key asset of the AfriMetals Entities is the Central Project, which is adjacent to MMG's Khoemacau group of deposits, with significant measured and indicated mineral resources [3][4]. - The Central Project has geological characteristics similar to Khoemacau, making it prospective for Tier 1 copper discoveries [4]. - The Serule Uranium Project, part of the AfriMetals portfolio, is located adjacent to the Letlhakane Uranium Project, which has substantial indicated and inferred mineral resources [5]. Market Context - Botswana is recognized as a politically stable and pro-mining investment jurisdiction, ranked 1 in Africa by the Fraser Institute [7]. - The Kalahari Copper Belt is considered one of the world's most prospective areas for undiscovered sediment-hosted copper deposits, covering over 12,000 square kilometers [7].
Leviathan Gold Announces Amalgamation Agreement to Acquire Cura Botswana Corp. and its 100% Interest in Kalahari Copper, and Uranium Exploration Portfolios, Botswana
Globenewswireยท2025-09-11 22:00