logo-loader

Tigris Resources lists on Toronto Venture Exchange through reverse

Published: 14:52 16 Sep 2014 BST

mining_apparell_350_541842c1f2d6d
Private company Tigris Resources is to get a listing in on the Toronto venture exchange through a reverse into shell Kirkcaldy Capital (CVE:KRK).

Private company Tigris Resources is to get a listing in on the Toronto venture exchange through a reverse into shell Kirkcaldy Capital (CVE:KRK).

Tigris has mineral interests in western and eastern Turkey with 100% ownership of the Pertek gold and Bingol copper/gold projects.

The group also has an option over 50% of two projects held by VTG Holdings, the Gomeç epithermal-porphyry gold project in Balikesir, and Ugur Tepe, a porphyry copper gold project in Canakkale province in western Turkey.

The deal is subject of completion of a private placing to raise between C$1and C$3mln to fund the expenses of the takeover and further exploration at Gomec, Pertek and Bingol and to acquire more acreage in the East Anatolian Plateau.

The deal is classified as non-arm’s length due to the holdings of Exploration Capital in both companies. Once complete, the company’s name will change to Tigris Resources.

Addressing the Copper Crunch: Royal Road Minerals' vision for bridging the...

At the Proactive One2One Investor Forum, Royal Road Minerals Ltd (TSX-V:RYR, OTC:RRDMF) CEO, Tim Coughlin, delivered a pressing message on the global copper demand for energy transition, emphasising the significant gap between current production levels and future needs. Coughlin pointed out...

on 14/2/24