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Allied Copper (TSXV:CPR) closes acquisition of Volt Lithium

Market News, Mining
TSXV:CPR
12 December 2022 08:45 (EDT)

Source: Allied Copper.

Allied Copper Corp. (CPR) has completed the acquisition of all issued and outstanding shares of Volt Lithium Corp.

Under the previously announced acquisition, Allied Copper issued 38,880,000 common shares to the vendors. The shares have been approved for listing on the TSX Venture Exchange.

Alex Wylie, a vendor, has been appointed as the President of Allied Copper. Directors J. Campbell Smyth and David Eaton have resigned from the board and have been replaced by Marty Scase, a Vendor, and Mr. Wylie.

Mr. Wylie brings a proven track record of founding and building high-growth businesses in the energy industry, as well as expertise in finance and capital markets. A graduate of Western University with a degree in Economics, Mr. Wylie earned his CPA CA designation in 1993.

Volt holds approximately 400,000 acres of mines and minerals permits in the Rainbow Lake area of Alberta, specifically targeting lithium found in the brines of the Keg River formation.

Allied Copper is a Vancouver-based mineral exploration company focused on acquiring and developing copper and/or gold assets in the Western U.S.

Allied Copper Corp. (CPR) opened trading at C$0.15.


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