- Hansco Capital Corp. (HCO.P) has submitted a filing statement in connection with its proposed qualifying transaction
- The transaction would involve Hansco acquiring 100 per cent of the issued and outstanding common shares of Desert Strike Resources (US) Inc. from Aurex
- DSRI holds a 70-per-cent right, title and interest in and to the Cook Property located in Humboldt County, Nevada, subject to a 2.5-per-cent net smelter royalty interest
- Hansco is a capital pool company
- Hansco Capital Corp. remained unchanged at $0.175 at 10:45 AM ET
Hansco Capital Corp. (HCO.P) has submitted a filing statement in connection with its proposed qualifying transaction with Aurex Energy Corp.
The transaction would involve Hansco acquiring 100 per cent of the issued and outstanding common shares of Desert Strike Resources (US) Inc. from Aurex.
Desert Strike Resources holds a 70-per-cent interest in the Cook Property located in Humboldt County, Nevada, subject to a 2.5-per-cent net smelter royalty interest.
Assuming all conditions are satisfied, the company expects to close the transaction on or about October 15, 2022. Trading of its common shares will resume shortly thereafter.
A technical report titled “NI 43-101 Technical Report on the Cook Property” with an effective date of April 18, 2022, prepared in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) and the policies of the Exchange, has been prepared concerning the property and was filed under the company’s SEDAR profile in conjunction with the filing of the filing statement.
Hansco is a capital pool company and its principal business is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction.
Hansco Capital Corp. remained unchanged at $0.175 at 10:45 AM ET.