CopAur Minerals Sells Bolo Project Interest, Strengthening Focus on Flagship Kinsley Mountain
CopAur Minerals (TSXV: CPAU) has announced the sale of its minority stake in the Bolo Gold Project to Allegiant Gold Ltd. The transaction aligns with CopAur's strategic focus on developing its 100%-owned Kinsley Mountain Oxide Gold Project in Nevada, a past-producing asset.
The deal terms include cash consideration and the forgiveness of certain debt obligations that CopAur owed to Allegiant, though specific financial details were not disclosed.
CopAur Minerals (TSXV: CPAU) ha annunciato la cessione della sua partecipazione minoritaria nel Bolo Gold Project ad Allegiant Gold Ltd. L'operazione 猫 coerente con la strategia di CopAur, che punta a sviluppare il suo progetto aurifero ossidato Kinsley Mountain, di propriet脿 al 100% in Nevada, un giacimento gi脿 sfruttato in passato.
I termini prevedono un corrispettivo in contanti e la rinuncia a determinati obblighi debitori che CopAur aveva verso Allegiant; non sono stati per貌 resi noti i dettagli economici.
CopAur Minerals (TSXV: CPAU) ha anunciado la venta de su participaci贸n minoritaria en el Bolo Gold Project a Allegiant Gold Ltd. La operaci贸n est谩 alineada con la estrategia de CopAur de centrarse en el desarrollo de su proyecto de oro oxidable Kinsley Mountain, 100% propiedad en Nevada, un activo con producci贸n previa.
Los t茅rminos incluyen una contraprestaci贸n en efectivo y la condonaci贸n de ciertas deudas que CopAur ten铆a con Allegiant, aunque no se divulgaron detalles financieros espec铆ficos.
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CopAur Minerals (TSXV: CPAU) a annonc茅 la cession de sa participation minoritaire dans le Bolo Gold Project 脿 Allegiant Gold Ltd. Cette op茅ration s'inscrit dans la strat茅gie de CopAur, qui vise 脿 d茅velopper son projet aurif猫re oxyd茅 Kinsley Mountain, d茅tenu 脿 100% dans le Nevada, un actif d茅j脿 en production par le pass茅.
Les modalit茅s incluent un paiement en esp猫ces et l'annulation de certaines dettes que CopAur devait 脿 Allegiant, bien que les d茅tails financiers n'aient pas 茅t茅 divulgu茅s.
CopAur Minerals (TSXV: CPAU) hat den Verkauf seiner Minderheitsbeteiligung am Bolo Gold Project an Allegiant Gold Ltd. bekannt gegeben. Die Transaktion passt zur strategischen Ausrichtung von CopAur, das sich auf die Entwicklung seines zu 100 % gehaltenen Kinsley Mountain Oxid-Goldprojekts in Nevada konzentriert, einer ehemals produzierenden Lagerst盲tte.
Die Bedingungen sehen eine Barzahlung sowie den Erlass bestimmter Verbindlichkeiten vor, die CopAur gegen眉ber Allegiant hatte; konkrete finanzielle Details wurden jedoch nicht bekanntgegeben.
- Strategic divestment allows focus on 100%-owned Kinsley Mountain project
- Debt reduction through forgiveness of obligations to Allegiant
- Receipt of cash consideration strengthens balance sheet
- Loss of diversification through sale of minority interest in Bolo Gold Project
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2025) - CopAur Minerals Inc. (TSXV: CPAU) (the "Company" or "CopAur") announces that it has sold its minority interest in the Bolo Gold Project (the "Property") to Allegiant Gold Ltd. ("Allegiant").
This transaction is consistent with the Company's strategic decision to focus its attention and resources on advancing its
Under the terms of the agreement, CopAur will receive cash consideration and the forgiveness of certain debt obligations owed to Allegiant by CopAur.
About CopAur
CopAur is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada. The Company is backed by a dynamic and experienced team of resource professionals advancing its projects in Nevada with the flagship project being Kinsley Mountain Gold Project, a Carlin-style project located 90 kilometres south of the Long Canyon mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines).
On Behalf Of The Board Of CopAur Minerals Inc.
Conrad Swanson, Chairman
For more information, please contact [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
This news release contains forward-looking statements. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
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FAQ
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