Workflow
Heap leach extraction
icon
Search documents
CopAur Minerals To Acquire The Royal Vindicator Project
Newsfileยท 2025-07-07 20:38
Core Viewpoint - CopAur Minerals Inc. has entered into a purchase agreement to acquire Chester Holdings Inc. and its subsidiary, which includes rights to mine and process materials from the Royal Vindicator property in Georgia, USA [1][2]. Acquisition Details - The acquisition involves a total purchase price of US$6,569,811.31, with payments structured as follows: US$700,000 in cash at closing, US$2,500,000 in cash or shares at CopAur's discretion, and US$3,369,811.31 in debt repayment over six years [2][3]. - Additional obligations include a US$1,000,000 working capital contribution for 2025, a US$250,000 reimbursement to a third party, and a US$250,000 finder's fee [3]. Financing and Conditions - The acquisition is contingent upon CopAur securing a minimum financing of US$1,850,000 by August 15, 2025 [4]. - The transaction is subject to acceptance by the TSX Venture Exchange [5]. Company Background - CopAur is focused on developing mining projects in Nevada, with its flagship project being the Kinsley Mountain Gold Project [7].