DORE COPPER MINING CORP. ("DCMC")
[formerly ChaiNode Opportunities Corp. ("CXD.P")]
BULLETIN TYPE: Resume Trading, Name Change and Consolidation, Qualifying Transaction-Completed/New Symbol, Private Placement-Brokered
BULLETIN DATE: December 13, 2019
TSX Venture Tier 2 Company
The common shares of the Company have been halted from trading since May 2, 2019, pending completion of a Qualifying Transaction.
Resume Trading
Effective at the opening, Tuesday, December 17, 2019, the common shares of Dore Copper Mining Corp. will commence trading on TSX Venture Exchange under the symbol "DCMC".
Name Change and Consolidation
Pursuant to a resolution passed by shareholders August 21 2019, prior to the Qualifying Transaction the Company has consolidated its capital on a ten point eight (10.8) to one (1) new basis. The name of the Company has also been changed to Dore Copper Mining Corp.
Effective at the opening, Tuesday, December 17, 2019, the common shares of Dore Copper Mining Corp. will commence trading on TSX Venture Exchange, and the common shares of ChaiNode Opportunities Corp. will be delisted.
Qualifying Transaction - Completed / New Symbol
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing ChaiNode Opportunities Corp. ("ChaiNode" or the "Company") Qualifying Transaction described in its Filing Statement dated November 28, 2019. As a result, effective at the opening on Tuesday, December 17, 2019, the trading symbol for the Company will change from CXD.P to DCMC and the Company will no longer be considered a Capital Pool Company.
The Exchange has been advised that the Qualifying Transaction has been completed. The full particulars of the Company's Qualifying Transaction are set forth in the Filing Statement dated November 28, 2019 which has been accepted for filing by the Exchange and which is available under the Company's profile on SEDAR. The Qualifying Transaction includes the following matters, all of which have been accepted by the Exchange:
The Company entered into an arm's length definitive business combination agreement dated August 16, 2019 (the "Agreement") with AmAuCu Mining Corporation ("AmAuCu") whereby the Company agreed to acquire all the issued and outstanding shares of AmAuCu. AmAuCu holds a 100% interest in the combined Corner Bay and Cedar Bay properties located in the Chibougamau area of Quebec that will be the Principal property of the Company. Pursuant to the Agreement, the Company acquired all of the common shares of AmAuCu in exchange for 24,876,678 post-consolidated common shares of the Company and settled debt of approximately $2,043,389.40 in exchange for 1,571,838 at deemed price of $1.30 per share.
The Company is classified as a 'Mineral Exploration' company.
Private Placement-Brokered
AmAuCu completed a Brokered Private Placement announced by ChaiNode on August 19, 2019.
Number of Shares: 3,861,983 shares
Purchase Price: $1.30 per share
Warrants: 1,930,990 share purchase warrants to purchase 1,930,990 shares
Broker Warrants: 188,260 share purchase warrants to purchase 188,260 shares
Warrant Exercise Price: $1.95 per share for a two-year period
Broker Warrant Exercise Price: $1.30 per share for a two-year period
Number of Placees: 23
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Canaccord Genuity Corp. P 77,000
Ewan Downie Y 75,000
RCF Opportunities L.L.C. (Dave Thomas) Y 192,307
OMF II (Be) Ltd. (Oskar Lewnowski) Y 288,461
Post Consolidation
Capitalization: unlimited shares with no par value of which
25,710,011 shares are issued and outstanding
Escrow: 11,430,300 escrow shares
555,554 CPC escrow shares
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: DCMC (NEW)
CUSIP Number: 25821T 10 0 (NEW)
Company Contact: Gavin Nelson, Chief Financial Officer
Company Address: 133 Richmond Street West, Suite 501
Toronto, Ontario, M5H 2L3
Company Phone Number: 416-792-2229
Company Email Address: info@dorecopper.com
Company Website: www.dorecopper.com
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