Vancouver, British Columbia--(Newsfile Corp. - December 12, 2022) - CAVU Energy Metals Corp. (CSE: CAVU) (OTCQB: CAVVF) (FSE: 5EO) ("CAVU" or the "Company") provides an update on its upcoming special meeting of shareholders (the "Meeting"), being held on December 13, 2022 at 11:30 a.m. (Vancouver Time) at 6th Floor - 905 West Pender Street, Vancouver, BC V6C 1L6.
At the Meeting, CAVU's shareholders (each, a "CAVU Shareholder") will be asked to vote on the proposed acquisition of CAVU by Alpha Copper Corp. ("ALCU") by way of a plan of arrangement (the "Transaction") based on an arrangement agreement between the Company and ALCU dated September 30, 2022, as amended on November 8, 2022 (the "Arrangement Agreement"). If the Arrangement becomes effective, CAVU Shareholders will receive 0.7 of a common share in the capital of ALCU for each common share held in the capital of CAVU (the "Consideration"). For more information regarding the Arrangement, please see the Company's management information circular dated November 14, 2022, in respect of the Meeting (the "Circular"), which is available on the Company's SEDAR profile at www.sedar.com.
If the Arrangement is approved at the Meeting, CAVU anticipates applying to the Supreme Court of British Columbia (the "Court") for the final order to approve the Transaction (the "Final Order") on December 15, 2022 at 9:45 a.m. (Vancouver time) at the Supreme Court of British Columbia, 800 Smithe Street, Vancouver, British Columbia. CAVU Shareholders may file a response to the petition for the Final Order (the "Petition") by filing and serving such response by 4:00 pm (Vancouver time) on December 13, 2022 as per the directions set out in the Notice of Hearing of Petition for Final Order (the "Notice of Hearing") attached as Appendix C to the Circular.
For further information regarding the Court hearing for the application for the Final Order and the rights of CAVU Shareholders in connection therewith, see the filed Notice of Hearing attached as Appendix C to the Circular, available under CAVU's profile at www.sedar.com, as well as the filed Petition to the Court, available at the Company's website at www.cavuenergymetals.com/shareholder-information/ and upon request in writing to Whitelaw Twining, 2400 - 200 Granville Street, Vancouver, BC V6C 1S4, Attention: Nicole Chang and Lauren Gnanasihamany.
About CAVU Energy Metals Corp.
CAVU Energy Metals Corp. is a mining company engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies and the renewable energy sector. The Company is currently focused on the exploration of its Hopper Copper-Gold Project in Yukon and recently acquired Star Copper-Gold Porphyry Project in BC.