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XXIX Metal Corp. Closes Strategic Acquisition of Cuprum Corp.

In This Article:

  • XXIX acquired Cuprum and its 100% owned Thierry Copper Project in an all-share deal

  • XXIX becomes one of Eastern Canada's largest copper developer

  • The combined Company was rebranded as XXIX Metal Corp., reflecting copper's atomic number 29

  • New TSXV Ticker symbol is XXIX, effective December 11

Toronto, Ontario--(Newsfile Corp. - December 9, 2024) - XXIX Metal Corp‎. (TSXV: QCCU) (OTCQB: QCCUF) ("XXIX" or the "Company") is pleased to announce that it has completed the acquisition (the "Acquisition") of ‎100% of the issued and outstanding common shares of Cuprum Corp. ("Cuprum"), establishing XXIX as one of Canada's largest copper resource developers, with two multi-billion-pound copper deposits in Quebec and Ontario.

Link to XXIX's Corporate Presentation

"This transformative acquisition is a significant milestone in XXIX's growth strategy. Thierry, Ontario's largest copper resource, is a complementary addition to Opemiska, with both projects located in mining-friendly regions and benefiting from access to critical infrastructure. The Acquisition enhances XXIX's scale, establishing the Company as one of Eastern Canada's largest copper developers with a multi-billion-pound resource portfolio. With the transaction now complete, XXIX's technical team will focus on advancing both Opemiska and Thierry in tandem, accelerating the development of these cornerstone assets," said Stephen Stewart, CEO of XXIX.

The Company is also pleased to announce that the Company has changed its name from "QC Copper and Gold Inc." to "XXIX Metal Corp‎." (the "Name Change"). Accordingly, it is anticipated that the Company's common shares ("Common Shares") will commence trading on the TSX Venture Exchange (the "TSXV") under the new name and new stock ticker symbol "XXIX" at the start of trading on December 11, 2024. In connection with the Name Change, the following new CUSIP 901320101 and ISIN CA9013201012 numbers have been assigned to the Common Shares.

Pursuant to the Acquisition, the Company acquired all of the issued and outstanding common shares of Cuprum in consideration for the issuance of 1.1538 Common Shares for each one common share of Cuprum, based on the Common Share price of $0.13, for an aggregate total of ‎83,906,251‎ Common Shares. Following the completion of the Acquisition, the Company has 258,277,607 Common Shares issued and outstanding.

Completion of the Acquisition is subject to the final approval of the TSXV. The Acquisition was approved by disinterested shareholders and other matters at the special meeting ‎held on December 4, 2024.