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TORONTO, Ontario–(Newsfile Corp. – April 17, 2023) – AIM6 Ventures Inc. (TSXV: AIMF.P) (“AIM6” or “company“) and Copper Bullet Mines Inc. (“CBMI“) that on April 17, 2023, AIM6 and CBMI entered into a binding letter of intent to complete a business combination or other similarly structured transaction that constitutes a reverse acquisition of AIM6. I am pleased to announce thetransactionTSX Venture Exchange (“TSXV”).
final agreement (“final agreement”), a comprehensive news release will be issued setting out the terms of the transaction and the proposed financing of CBMI in connection with the transaction.
About Copper Bullet Mines Inc.
Since its inception on April 10, 2021, CBMI has acquired significant land packages in the heart of Arizona’s Copper Triangle through staking and options. CBMI copper spring properties (“property“) has more than 96 historic boreholes and an Inferred Historical Non-43-101 Mineral Resource of 47 million tonnes with a grade of 0.4% copper (NI 43-101 Technical Report Copper Springs Property, Gila County, Arizona. Feinstein, 2022), equivalent to over 400 million pounds of contained copper. This historic resource is one of many exploration targets across the property, accounting for approximately 10% of the historic Supernova Oxide Blanket (HSOB) footprint identified by well-spaced drilling in the 1960s. increase.
Located adjacent to Arizona Route 60, one hour east of Phoenix. A high voltage power line traverses the property and water is available from a perennial spring. The property is surrounded by production mines including Capstone’s Pinto Valley, KGHM’s Carlotta mine, Group Mexico’s Ray mine, and various other mines and projects owned by South 32, BHP, Rio Tinto, Freeport-McMoRan .
The Grove-Miami, Arizona area where the property is located produces more than 37 billion pounds of copper. A recent report published by the Arizona Geological Study suggests that the unmined resource is over 94 billion pounds of copper (Globe Miami Area Geology and History, Gila and Pinal Counties, Arizona, Briggs , 2022). The Copper Triangle is home to two of his three copper smelters in the United States.
From exploration to discovery, development, capital raising, and successful commercial mining and milling operations, CBMI’s team includes experienced industry experts. Additional information about CBMI can be found on his website at: www.copperbulletmines.com.
References to past estimates or resources should not be relied upon. These historical estimates are not up-to-date and are “qualified” per National Instrument 43-101. Mineral Project Disclosure Standards (“NI 43-101“) does not do enough work to classify historical estimates, and CBMI does not treat historical estimates as current resource estimates.
AIM6 Ventures
AIM6 is Business corporation law (Ontario) incorporated on February 13, 2021 and listed on the TSXV (as defined in the policies of the TSXV). AIM6 has no commercial activity and has no non-cash assets.
qualified person
Michael Feinstein is a “Qualified Person” of NI 43-101 and has reviewed and approved the scientific and technical disclosures contained in this press release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking information” (“fpositive information“) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking information and are based on expectations, estimates and projections as of the date of this news release. , expectations, beliefs, plans, predictions, objectives, assumptions, future events or performance phrases are not always used) “”, “plan”, “budget”, “scheduled”, “forecast”, “estimate”, “believe”, “intend”, or any such words or phrases variations of or that a particular action, event, or outcome “could” or “could” or “could”, “would”, “could” or “would ” is interpreted to occur or be achieved) may be forward-looking information rather than statements of historical fact. In disclosing the forward-looking information contained in this press release, we make certain assumptions, including: Obtain all applicable shareholder and regulatory approvals for the transaction. Although we believe that the expectations reflected in such forward-looking information are reasonable, there can be no assurance that the expectations reflected in such forward-looking information will prove correct. Known and unknown risks, uncertainties and other factors that could cause actual results or future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: delay or failure to obtain board, shareholder or regulatory approval; General business, economic, competitive, political and social uncertainties. Readers should therefore not place undue reliance on the forward-looking information contained in this press release. Except as required by law, we make no forward-looking statements to reflect actual results as a result of new information, future events, changes in assumptions or changes in factors affecting such forward-looking statements. disclaims any intention, and assumes no obligation, to update or correct any information relating to – Appearance information or otherwise.
For more information, please contact:
AIM6 Ventures Co., Ltd.
Zachary Goldenberg
[email protected]
Copper Bullet Mine Co., Ltd.
Daniel Weir
[email protected]
It is not intended for distribution to US newswire services or for distribution within the US. This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. This security has not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Law“) or is subject to state securities laws and is registered under the United States securities laws and applicable state securities laws, or provided in the United States or to a United States person, unless an exemption from such registration is available. or cannot be sold.
All information regarding CBMI provided in this press release was provided by the administrators of CBMI and has not been independently verified by the administrators of CBMI. Readers are cautioned that as of the date of this press release, the Company has not entered into a definitive agreement with CBMI in connection with this transaction and there can be no assurance that a definitive agreement will be entered into.
Completion of the transaction is subject to a number of conditions, including, but not limited to, the approval of TSXV and, where applicable, the approval of a majority of the minority shareholders pursuant to TSXV requirements. Where applicable, the transaction cannot be completed until the required shareholder approvals have been obtained. There is no guarantee that the transaction will be completed as proposed or not completed at all.
Investors may not rely on any information published or received in connection with the Transaction, except as disclosed in any business circulars or filings made in connection with the Transaction. Note that it shouldn’t. Trading in capital pool company securities should be considered highly speculative.
TSXV has never taken over the merits of the proposed transaction and has neither approved nor denied the contents of this press release.
NEITHER TSXV NOR ITS REGULATORY SERVICE PROVIDERS (TERMS AS DEFINED IN THE TSXV POLICIES) ASSUME ANY RESPONSIBILITY FOR THE SUITABILITY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit: https://www.newsfilecorp.com/release/162644
