- Green Panda Capital Corp. (GPCC.P) has signed a non-binding letter of intent with Cobre Minerals Inc
- Cobre Minerals is a private B.C. company that is about acquiring Tron Minerals Resources, MX, a Mexican company that controls the Don Pedro Copper Project
- The proposed transaction is intended to constitute Green Panda’s qualifying transaction in line with the policies of the TSX Venture Exchange
- Green Panda Capital Corp. remained unchanged at $0.075 at 1:39 PM ET
- Green Panda is a Capital Pool Company and
Green Panda Capital (GPCC.P) has signed a non-binding letter of intent with Cobre Minerals Inc.
Cobre Minerals Inc. is a private B.C. company that is about acquiring Tron Minerals Resources MX, a Mexican company that controls the Don Pedro Copper Project located in the state of Jalisco, Mexico.
That transaction is expected to close by the end of July 2022.
The LOI outlines the principal terms and conditions of a business combination by way of a share exchange, merger, amalgamation, arrangement, takeover bid, or other similar form of transaction, which will result in Cobre becoming a wholly-owned subsidiary of Green Panda, or otherwise combining its corporate existence with a wholly-owned subsidiary of Green Panda.
The proposed transaction is intended to constitute Green Panda’s qualifying transaction in
Following the signing of the LOI, the trading in the common shares of Green Panda has been halted. Trading will remain suspended until the completion of the proposed transaction.
The Don Pedro copper project consists of 326 hectares under a 50-year lease renewable for an additional 50 years. The concession is located approximately 8km from the town of Atulan de Navarro in the state of Jalisco, Mexico and is easily reachable by road.
line with the policies of the TSX Venture Exchange.
Green Panda is a capital pool company.
Green Panda Capital Corp. remained unchanged at $0.075 at 1:39 PM ET.