CALGARY, AB / ACCESSWIRE / August 31, 2020 / Big Dougie Capital Corp. ("Big Dougie") (TSXV:STUV.P) is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange ("TSXV") for the closing of its proposed qualifying transaction (the "Qualifying Transaction") with Compania Recursos Andina Limitada ("Andina") and has filed its filing statement in connection with the Qualifying Transaction (the "Filing Statement").
Further to its comprehensive news release dated August 28, 2020 and news release dated March 27, 2020, Big Dougie will acquire all of the issued and outstanding units of Andina in exchange for the payment by Big Dougie of USD $500,000 and the issuance of an aggregate 50,000,000 shares at a deemed price of $0.055 per share.
The completion of the Qualifying Transaction is subject to a number of conditions including, but not limited to, receipt of all required regulatory approvals, including final TSXV acceptance, and satisfaction of other customary closing conditions. Assuming all conditions are satisfied, closing of the Qualifying Transaction is expected to occur on or about September 18, 2020, or such other date as may be determined. For further information regarding the Qualifying Transaction, please see the Filing Statement, which is available under Big Dougie's profile on SEDAR at www.sedar.com.
In addition, Big Dougie is also pleased to announce the filing of an independent technical report entitled "Coba Southwest Project Technical Report", prepared for Andina and dated April 27, 2020. The Technical Report was prepared by Eric L. Hanson, P. Geo and supports the disclosure contained in the news released issued on August 28, 2020 and the Filing Statement. A copy of the Technical Report is available under Big Dougie's profile on SEDAR.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the terms, conditions and timing of the proposed Qualifying Transaction, the parties' ability to satisfy closing conditions and receive necessary approvals, including final TSXV acceptance. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Big Dougie and Andina disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information, please contact:
Big Dougie Capital Corp.
Chief Executive Officer and Director
Phone: (403) 607-4009
Email: [email protected]
Neither 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.
SOURCE: Big Dougie Capital Corp.