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Owl Capital Corp.
Summary
| Project: | Oro Cruz | |
|---|---|---|
| Deposit: | Oro Cruz | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-12-2019: Owl Capital Corp. announces a Supporting Acquisition report for its Oro Cruz deposit at the Oro Cruz project. Summary of property in support of acquisition. Pursuant to a term sheet (the Agreement) dated April 10, 2019 between Owl Capital Corp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Frank Hrdy (CanMine Consultants) | |
| ABSTRACT: | Pursuant to a term sheet (the Agreement) dated April 10, 2019 between Owl Capital Corp. (Owl; TSX-V: OCC.P), Eros Resources Corp. (Eros; TSX-V: ERC), Bell Mountain Exploration Corp. (Bell Mountain, a wholly-owned subsidiary of Eros) and Demerara Gold Corp. (Demerara, a privately held non-reporting British Columbia company), Owl will acquire all of Eros’ and Demerara’s rights, titles and interests in and to the Oro Cruz Property (the Property), located in Imperial County, California, and the Eastgate Property, located in Churchill County, Nevada, from Eros and Demerara, respectively, as well as a 5.58% undiluted equity interest in Bullfrog Gold Corp. (Bullfrog; OTCQB: BFGC, an exploration stage company), from Eros (the Transaction). A news release dated April 24, 2019 (Newsfile Corp. – April 24, 2019 “Owl Capital Corp. Announces Proposed Gold-Focused Qualifying Transaction”) was issued describing the Agreement and further describing the Transaction and is available on the Owl filing page of the Canadian Securities Administrators System for Electronic Document Analysis and Retrieval ( SEDAR ). Owl is a capital pool company (CPC) listed on the TSX Venture Exchange (the Exchange) and intends the Transaction to constitute a Qualifying Transaction pursuant to Exchange Policy 2.4 – Capital Pool Companies. Upon successful completion of the Transaction, Owl will change its name to Southern Empire Resources Corporation and be a Tier 2 mining issuer listed and trading on the Exchange. | |
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