Blackwolf Copper and Gold Ltd. (“Blackwolf”, or the “Company”) (TSXV: BWCG, OTC: BWCGF) is pleased to announce that the Company’s proposed acquisition of all of the outstanding securities of Optimum Ventures Ltd. (“Optimum”) by way of plan of arrangement (the “Transaction”) was overwhelmingly approved at Optimum’s annual general and special meeting of securityholders held on August 31, 2023.
Closing of the Transaction remains subject to court approval as well as other customary closing conditions. Assuming the timely completion of these conditions, the Company expects the Transaction to close on or about September 12, 2023.
Further to the Company’s news release of July 28, 2023, the Company clarifies terms of the market maker agreement (the “Agreement”) it has entered into with PI Financial Corp. (“PI”). Pursuant to the Agreement, PI has been engaged to trade the securities of Blackwolf on the TSX‐V for the purposes of maintaining an orderly market. In consideration of the services provided by PI, the Company will pay PI a monthly cash fee of $5,000 for a minimum term of six months and thereafter the Agreement is automatically renewable on a month-to-month basis. As of the date the Company entered into the Agreement with PI, neither PI nor their authorized person held any securities directly in the Company.
About Blackwolf Copper and Gold Ltd.
Blackwolf’s founding vision is to be an industry leader in transparency, inclusion and innovation. Guided by our Vision and through collaboration with local and Indigenous communities and stakeholders, Blackwolf builds shareholder value through our technical expertise in mineral exploration, engineering and permitting. The Company holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska as well as five Hyder Area gold-silver and VMS properties in southeast Alaska and northwest British Columbia in the Golden Triangle, including the high-priority wide gold-silver veins at the Cantoo Property. For more information on Blackwolf, please visit the Company’s website at www.blackwolfcopperandgold.com.
