TCP1 Corporation completed the acquisition of Atacama Copper Corporation in a reverse merger transaction.
The board of directors of the Resulting Issuer upon completion of the proposed transaction will consist of Tim Warman, President, Chief Executive Officer, Corporate Secretary, and Director; Charlie Ronkos, EVP Exploration; Scott Hicks, Shannon McCrae and Colinda Parent as Director. The officers of the Resulting Issuer shall consist of Tim Warman (President and Chief Executive Officer), Charlie Ronkos (Executive Vice President, Exploration), Martin Rip as Chief Financial Officer, and Gino Zandonai as VP Corporate Development and Chile Country Manager. Completion of the transaction is subject to the execution of definitive agreement, obtaining all necessary regulatory including the approval of TSXV, closing of the private placement, completion of consolidation of Atacama Copper shares, approval of the shareholders and board of directors of Atacama Copper and TCP1, approval of the TSXV for the listing of the Resulting Issuer shares issuable in connection with the transaction, Dissent Rights will not have been exercised exceed 5% of the Atacama Copper Shares and satisfaction of customary closing conditions. As of February 1, 2024, Atacama Copper closed the final tranche of the private placement. As of February 8, 2024, the Atacama Copper has received conditional approval from the TSX Venture Exchange. The transaction is expected to close by late 2023. Completion of the transaction is anticipated to occur on or about February 9, 2024. Robb McNaughton of Borden Ladner Gervais LLP acted as legal advisor to Atacama Copper. Kari MacKay of Goodmans LLP acted as legal advisor to TCP1.
TCP1 Corporation completed the acquisition of Atacama Copper Corporation (TSXV:ACOP) in a reverse merger transaction on February 9, 2024. Concurrently with completion of the Business Combination, Martyn Buttenshaw, Richard Reinhart and Gino Zandonai resigned as directors of the Resulting Issuer. Subject to receiving final acceptance from the TSXV, the Resulting Issuer Shares are expected to resume trading on the TSXV on or about February 15, 2024, as a tier 1 mining issuer under Atacama?s current symbol "ACOP".