/NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, British Columbia, May 30, 2022 (GLOBE NEWSWIRE) —
Apogee Minerals Ltd. (“Apogee” or the “Company”) (TSXV: APMI) announces that, further to its press releases dated January 25, 2022, and March 17, 2022, the Company has extended the time for completion of the proposed three-cornered amalgamation (the “Amalgamation”) with Alto Verde Copper Inc. (“Alto Verde”) and 1000136714 Ontario Inc. (“APMI Subco”), a wholly-owned subsidiary of the Company.
On March 17, 2022, the Company entered into a definitive agreement (the “Definitive Agreement”) with Alto Verde and APMI Subco, pursuant to which, among other things, the Company will acquire all of the issued and outstanding shares in the capital of Alto Verde (the “Transaction”).
The parties have entered into an amendment to the Definitive Agreement to extend the deadline to complete the Transaction from May 31, 2022 to July 31, 2022.
Further details regarding the Transaction and Alto Verde are disclosed in the Company’s news releases dated January 25, 2022 and March 17, 2022.
About Alto Verde:
Alto Verde Copper Inc. is a private mining company focused on its portfolio of prospective exploration assets located in the Central Volcanic Zone, within the prolific Chilean Copper belt.
Alto Verde’s portfolio includes three copper exploration projects: Pitbull in the Tarapaca Region and Tres…
