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Alpha Copper Announces Acquisition of Okeover Project

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Alpha Copper Announces Acquisition of Okeover Project

 

 

 

 

 

Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (FWB: PP0) a resource sector enterprise founded to create value through mineral exploration, technical development, and asset acquisition, is pleased to announce that, further to its news release on September 25, 2023, it has acquired the Okeover Copper (molybdenum) Project (from Northwest Copper Corp.

 

The Company now holds a 100% undivided legal and beneficial interest in the Okeover Project, which encompasses twelve mineral claims comprising approximately 4,613 hectares located in the Province of British Columbia. As consideration, the Company issued 5,675,369 common shares to the Seller at a deemed price of $0.0881 per Consideration Share for an aggregate value of approximately $500,000. The Consideration Shares are subject to a statutory hold period in accordance with applicable securities laws. In addition, 2,837,684 of the Consideration Shares are subject to a 12-month lock-up. Additional details concerning the acquisition are available in the Company’s news release dated September 25, 2023.

 

About Alpha Copper Corp.

 

Alpha Copper is focused on contributing to the green economy by finding and developing copper resource assets in stable jurisdictions. The Company is positioned to earn a 60-per-cent interest in the Indata copper-gold project located in north-central British Columbia. After the acquisition of Cavu Energy Metals, the Company holds an option to acquire 100% of the Star copper-gold porphyry project in the Golden Triangle of British Columbia, as well as an option to acquire up to 70% of the Hopper copper-gold porphyry project in the southern Dawson Range copper-gold belt of the southwestern Yukon, and further including the 100% owned Quesnel project in the middle of the Quesnel Trough, host to a number of alkalic copper-gold porphyry deposits running northwest across western British Columbia.

 

Posted October 11, 2023

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