VANCOUVER, Jan. 26,
2015 /CNW/ - Montan Capital Corp. (TSXv: MO.P)
("Montan") and Strait Minerals Inc. (TSXv: SRD)
("Strait") are pleased to announce that, further to their
joint news releases dated December 3,
2014 and January 6, 2014,
Montan and Strait have received conditional acceptance from the TSX
Venture Exchange (the "Exchange") for the proposed
qualifying transaction (the "Transaction") of Montan,
whereby Montan will amalgamate with 1023174 B.C. LTD.
("Newco"), a newly incorporated subsidiary of Strait,
pursuant to the amalgamation agreement dated January 6, 2015, (the "Amalgamation
Agreement") among Montan, Strait and Newco.
Montan and Strait have filed on SEDAR a joint
information circular (the "Joint Circular") to obtain
approval from their shareholders to the Amalgamation Agreement at
shareholders' meetings to be held February
24, 2015. The Joint Circular provides detailed information
about the Amalgamation Agreement and Transaction and was mailed to
shareholders of Montan and Strait who were shareholders on
January 19, 2015.
Montan and Strait have also filed on SEDAR a
National Instrument 43-101 ("NI 43-101") compliant technical
report with respect to Strait's Alicia Property, which is expected
to be the resulting issuer's Principal Property (as defined in the
policies of the Exchange) upon completion of the Transaction,
entitled, "NI 43-101 Technical Report on the Alicia Copper Gold
Project", written by James A.
McCrea, P.Geo. and dated December 29,
2014 (the "Technical Report"). Mr. McCrea is a
"qualified person" as defined in NI 43-101 and is independent of
Montan and Strait. Excerpts from the Technical Report are included
in the Joint Circular.
The continuing company will be named Montan
Mining Corp. ("Montan Mining") and be focused on exploration
and mine development in Peru.
Montan Mining will be led by an experienced management and capital
markets team with a track record of success in mine development in
Peru (as well as other
jurisdictions) and have a local Peruvian shareholder support base.
Montan Mining will advance the Alicia Project for its high-grade
copper potential and provide its shareholder with a platform to
seek further opportunities in the Peruvian mining sector presented
by the current malaise in the mining and resource market.
James A. McCrea
has reviewed and approved the technical content of this press
release as the qualified person for Strait and Montan.
Completion of the Transaction is subject to a
number of conditions, including, but not limited to, Exchange
acceptance.
Investors are cautioned that, except as
disclosed in the management information circular or filing
statement to be prepared in connection with the Transaction, any
information released or received with respect to the Transaction
may not be accurate or complete and should not be relied
upon. Trading in the securities of a capital pool company
should be considered highly speculative.
Neither the 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.
Cautionary Note Regarding Forward-Looking
Statements
Certain statements herein may contain
forward-looking statements and forward-looking information within
the meaning of applicable securities laws. Forward-looking
statements or information appear in a number of places and can be
identified by the use of words such as "plans", "expects",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "believes" or variations of such words and phrases
or statements that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements and information include statements
regarding the Transaction and the resulting issuer's exploration
plans and exploration results with respect to the Alicia Property.
With respect to forward looking statements and information
contained herein, we have made numerous assumptions, including
assumptions about mineral prices, cut-off grades, metallurgical
recoveries, operating and other costs and technical assumptions
used in the estimate. Such forward-looking statements and
information are subject to risks, uncertainties and other factors
which may cause the resulting issuer's actual results, performance
or achievements, or industry results, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statement or information. Such
risks include discrepancies between actual and estimated mineral
resources, subjectivity of estimating mineral resources and the
reliance on available data and assumptions and judgments used in
the interpretation of such data, speculative and uncertain nature
of gold exploration, exploration costs, capital requirements and
the ability to obtain financing, volatility of global and local
economic climate, share price volatility, estimate commodity price
volatility, changes in equity markets, increases in costs, exchange
rate fluctuations and other risks involved in the mineral
exploration industry. There can be no assurance that a
forward-looking statement or information referenced herein will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements or
information. Also, many of the factors are beyond the control of
the resulting issuer. Accordingly, readers should not place undue
reliance on forward-looking statements or information. We undertake
no obligation to reissue or update any forward-looking statements
or information except as required by law. All forward-looking
statements and information herein are qualified by this cautionary
statement.
SOURCE Montan Capital Corp.