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Javelle Capital Corp.
Summary
| Project: | Borubai | |
|---|---|---|
| Deposit: | Borubai | |
| Location: | Kyrgyzstan | |
| Commodities: | Gold | |
| Date: | 2/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2017: Javelle Capital Corp. announces a Supporting Acquisition report for its Borubai deposit at the Borubai project. Summary of property in support of acquisition. This report has been produced at the request of the management of Javelle Capital Cor | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Geoffrey Bruce Boswell (Underhill Associates Ltd.) | |
| ABSTRACT: | This report has been produced at the request of the management of Javelle Capital Corp. for the purposes of filing with the BCSC and TSX-V, and for the purposes of qualifying the company for a listing on the TSX Venture Exchange. Effective November 18, 2016, Kenadyr Mining Corporation (Kenadyr) entered into an Amalgamation Agreement with Javelle Capital Corp. (Javelle) and 1096423 B.C. Ltd. (Javelle Sub), a wholly-owned subsidiary corporation of Javelle, which will result in Javelle acquiring all of the issued and outstanding shares of Kenadyr. The amalgamation agreement provides as follows: (a) prior to closing, Javelle will complete a consolidation of the Javelle common shares on the basis of one post-consolidation Javelle common share for every two pre-consolidation Javelle common shares, (b) Kenadyr and Javelle Sub will amalgamate and continue as one corporation (Amalco) under the Business Corporations Act (British Columbia), (c) each Kenadyr shareholder will receive one post-consolidation common share of Javelle in exchange for each Kenadyr common share held by such holder and the Kenadyr common shares will be cancelled, (d) the common shares of Javelle Sub will be cancelled and replaced by Amalco common shares on the basis of one Amalco common share for each one Javelle Sub common share, (e) all of the property and assets of each of Javelle Sub and Kenadyr will be the property and assets of Amalco and Amalco will be liable for all of the liabilities and obligations of each of Javelle Sub, and Kenadyr, and (f) in consideration for Javelle’s issuance of post-consolidation Javelle common shares, Amalco will issue to Javelle one Amalco common share for each post-consolidation Javelle common share. As a result of the transaction, Javelle will hold a 100% interest in Amalco, which will hold a 100% interest in PIC Ala-Too, a Kyrgyz Republic company that is the 100% legal and beneficial holder of the License. | |
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