16 OCTOBER, 2023 | VANCOUVER, BC
Tribeca Resources Agrees Extension of Gaby-Totito Property Purchase Option
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”; the “Company”) is pleased to announce that it has reached an agreement (the “Extension Agreement”) with the owners (the “Vendors”) of the Gaby-Totito property located in the Coquimbo province of Chile (the “Property”) to extend a purchase option agreement entered into between the Company and the Vendors on March 15, 2019, as amended, restated, supplemented or otherwise modified from time to time (the “Purchase Option Agreement”), under which the Company has the option to purchase a 100% interest in the Property (the “Purchase Option”).
Under the Extension Agreement, the deadline of the final purchase payment due to the Vendors under the Purchase Option Agreement has been extended for a period of twelve months (the “Extension”) in consideration of the Company paying the Vendors a one-time US$50,000 premium upon execution of the Extension Agreement and making a 10% partial payment on the original Purchase Option expiry date.
The revised acquisition timetable significantly reduces the Company’s funding requirements for 2024 and provides Tribeca with additional time to focus on growing the Gaby discovery towards a first resource estimate.
The payment terms in the Purchase Option Agreement have been amended such that the remaining payments due to exercise the Purchase Option areas follows:
| Payment deadline | New payment schedule | Prior payment schedule |
| On singing of extension (October 2023) | US$50,000 (paid) | N/A |
| Before fifth anniversary (March 2024) | US$200,000 | US$2,000,000 |
| Before sixth anniversary (March 2025) | US$1,800,000 | N/A |
The Company will continue to pay to the Vendors exploration levy payments (the “Exploration Levy Payments”) equal to 5% of exploration expenditures incurred on the Property during the Extension. Further, during the Extension, the frequency of the Exploration Levy Payments will change from annual to semi-annually. Cumulative Exploration Levy Payments will remain capped at US$500,000.
For further details on the Purchase Option Agreement, please refer to the Company’s 24 October 2022 Filing Statement with respect to the reverse takeover between Tribeca Resources Ltd and Hansa Resources Limited, located on SEDAR+.
Tribeca CEO, Dr. Paul Gow commented:
“The Extension Agreement reinforces our ability to be nimble in our pursuit of shareholder value and adapt to market conditions. We remain committed to the rapid growth and development of the Gaby discovery and other targets identified at the La Higuera IOCG project.”
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The 822 hectare Gaby concession area is held under the Purchase Option; with a 1% NSR Royalty granted to the Vendors), with the remainder of the concessions being outright owned (100%) by Tribeca Resources. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR+ on 24 October 2022.
On behalf of Tribeca Resources Corporation
| Paul Gow | Thomas Schmidt | |
| CEO and Director | President and Director | |
| admin@tribecaresources.com | admin@tribecaresources.com | |
| +1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Forward Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to anticipated business plans or strategies, including exploration projects, regulatory approvals and exercise of the Purchase Option.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the ability of the Company to obtain approval from the TSX Venture Exchange, the ability of the Company to make the Exploration Levy Payments as well as all other payments which are a condition precedent to exercising the Purchase Option and the risk that new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Company’s projects.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
OCTOBER 10, 2023 | VANCOUVER, BC
Tribeca Resources Recommences Drilling at its La Higuera Copper-Gold Project in Northern Chile
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to announce that drilling has recommenced at the Company’s La Higuera Project in the Coastal Iron Oxide Copper-Gold (IOCG) Belt of northern Chile. The goal of the planned Phase 2 4,000m diamond drilling program is to follow-up the positive results at the Gaby IOCG discovery from Tribeca’s maiden drill program announced earlier in 2023.
Highlights:
- The planned 4,000m diamond drilling program, of approximately ten drillholes, will test the open northern extension of the previously intersected mineralization, as well as new IP and gravity geophysical targets on the flanks of the mineralized system defined to date.
- In addition, several holes will be drilled along-section from selected Phase 1 holes to better understand both the geometry and grade distribution of the mineralized system.
The drill program has an expected duration of approximately four months, with results, depending on laboratory timelines, expected to be released progressively as they are received.
Tribeca Resources CEO, Dr Paul Gow commented:
“Following the very positive results from our Phase 1 drilling earlier this year, we are excited to see fresh drill core from the Gaby IOCG discovery again arriving in the core shed.”
“A series of targets are being tested, ranging from step-out drilling along strike, to new targets that have come out of our geophysical program over the last 12 months”.
“We look forward to releasing the results as they become available over the coming months.”
Drill Program details
The drill program comprises approximately 4,000m of drilling in 10 drill holes. The planned average depth of 400m is required in order to penetrate the gravel cover of 0-70m thickness, and drill across what is currently interpreted as a sub-vertical shear/fault-controlled body of approximately 130m width (260m downhole).
The planned series of drill holes will:
- Provide step-outs to the interpreted northern extension of the 1km of known mineralized strike length drilled to date, with Phase 2 drilling extending a further 600m to the north.
- Test three new geophysical targets defined by IP chargeability, IP low-resistivity, or gravity anomalies, which are all located within 400m of the main Gaby trend (refer to 27 July 2023 news release, “Tribeca Resources extends IP anomaly north of the Gaby discovery at the La Higuera IOCG project”).
- Add additional holes to three drill sections, drilled either up- or down-dip from previous intersections, with the objective of better understanding the geometry of the mineralized system.
Drilling is expected to continue over approximately four months, initially using one drill rig, and with a second being mobilised when appropriate.
The proposed drilling program can be visualised in 3D through a VRIFY deck with the following link:
https://vrify.com/decks/14341?auth=78827f54-98a7-4738-afe5-803b874e528d
Qualified Person
All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has not verified any of the information regarding any of the properties or projects referred to herein other than the La Higuera IOCG Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the La Higuera IOCG Property.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The 822 hectare Gaby concession area is held under a purchase option (5% Exploration Levy on expenditure incurred during the option period; a US$2 million final payment due March 2024; with a 1% NSR Royalty granted to the owner), with the remainder of the concessions being outright owned (100%) by Tribeca Resources. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022.
On behalf of Tribeca Resources Corporation
| Paul Gow | Thomas Schmidt | |
| CEO and Director | President and Director | |
| admin@tribecaresources.com | admin@tribecaresources.com | |
| +1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Forward Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the size and timing of the drill program, results of the drill program and drilling and other exploration potential
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Company’s projects.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
2 OCTOBER, 2023 | VANCOUVER, BC
Tribeca Resources appoints Market Maker
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to announce that it has retained Independent Trading Group (ITG) Inc. (“ITG”) to provide market-making services in accordance with TSX Venture Exchange Policies.
ITG will trade the securities of Tribeca Resources on the TSXV for the purpose of maintaining an orderly market. In consideration of the services provided by ITG, the Company will pay ITG a monthly fee of $5,500 for a minimum term of one month and renewable thereafter. Tribeca Resources and ITG are unrelated and unaffiliated entities. ITG will not receive shares or options as compensation. The capital used for market-making will be provided by ITG.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The 822 hectare Gaby concession area is held under a purchase option (5% Exploration Levy on expenditure incurred during the option period; a US$2 million final payment due March 2024; with a 1% NSR Royalty granted to the owner), with the remainder of the concessions being outright owned (100%) by Tribeca Resources. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022.
On behalf of Tribeca Resources Corporation
| Paul Gow | Thomas Schmidt | |
| CEO and Director | President and Director | |
| admin@tribecaresources.com | admin@tribecaresources.com | |
| +1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Forward Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the ability of the Company to close the Private Placement on the timing and terms described herein, or at all, the operations of the Company, that the Company’s results or potential results have or will attract potential investors and regulatory approval.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Project.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
27 SEPTEMBER, 2023 | VANCOUVER, BC
Tribeca Resources unveils cutting edge interactive presentations and announces participation in Canaccord Latam Natural Resources Conference
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is excited to announce the launch of two groundbreaking interactive presentations on the VRIFY Technology platform.
These innovative presentations are redefining how stakeholders engage with mining projects. Tribeca is providing a Virtual Site Tour of its La Higura IOCG project using immersive 360º images and a Corporate Presentation utilizing state-of-the-art 3D modelling.
Tribeca Resources CEO, Dr Paul Gow commented:
“We are committed to being as transparent as possible with every investor. The 3D and 360º visuals that we've built with VRIFY are designed to contextualize even the most complicated data sets and results for everyone from the technical reader to someone who is investing in a mining company for the first time.”
"As we commence the second phase of exploration drilling at our La Higuera IOCG project, investors will be able to follow along and visualize the drill result intercepts in a 3D space as they become available and are released to the market."
Investors can also use their VRIFY presentations to submit questions directly to Tribeca Resource’s management while browsing powerful visual content.
Access the Site Tour and Corporate Presentation through Tribeca’s website at:
www.tribecaresources.com
And through the following links:
Corporate Presentation: https://vrify.com/decks/14065
Virtual Site Tour: https://vrify.com/decks/13985
Tribeca Company Profile on VRIFY: https://vrify.com/companies/tribeca-resources
Conference participation
Further, Tribeca announces it is participating in the Canaccord Genuity - LatAm Natural Resources Conference (27 - 28 September 2023) where CEO, Dr. Paul Gow, will present and, together with Tribeca Resources’ President Thomas Schmidt, conduct 1:1 investor meetings.
This is the inaugural version of the LatAm Natural Resources Conference, a pioneering event bringing together some of the best and most promising companies in Canaccord Genuity’s core sectors – Metals & Mining, Energy and Sustainability.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The 822 hectare Gaby concession area is held under a purchase option (5% Exploration Levy on expenditure incurred during the option period; a US$2 million final payment due March 2024; with a 1% NSR Royalty granted to the owner), with the remainder of the concessions being outright owned (100%) by Tribeca Resources. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022.
On behalf of Tribeca Resources Corporation
| Paul Gow | Thomas Schmidt | |
| CEO and Director | President and Director | |
| admin@tribecaresources.com | admin@tribecaresources.com | |
| +1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Forward Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the ability of the Company to close the Private Placement on the timing and terms described herein, or at all, the operations of the Company, that the Company’s results or potential results have or will attract potential investors and regulatory approval.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Project.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
29 AUGUST, 2023 | VANCOUVER, BC
Tribeca Resources Investor Presentation and Conference Participation
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to advise of an upcoming technical conference, at which our management team will be presenting and participating.
Fexmin (Santiago, 29-31 August 2023)
Tribeca Resources’ CEO, Dr. Paul Gow, will participate in the “New Discoveries – Mines of the Future” symposium, presenting the Company’s recent discovery at the La Higuera IOCG Project on 29 August at 17:00 CLT/EDT. Tribeca was invited by the organising committee to present alongside Antofagasta Plc (the Cachorro and Encierro discoveries) and Atex Resources Inc (the Valeriano discovery).
FEXMIN is an exploration and mining fair held each year in Santiago, Chile and is organised by the professional association of Chilean geologists, the Colegio de Geólogos de Chile.
A copy of the presentation, entitled, “The La Higuera Project – Exploration under cover in a historic district, the Coastal IOCG Belt, Chile” is now available on the company’s website at http://tribecaresources.com/investors/presentation. A live stream will be available via https://fexmin.cl/producto/inscripcion-general-online-pase-3-dias.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The 822 hectare Gaby concession area is held under a purchase option (5% Exploration Levy on expenditure incurred during the option period; a US$2 million final payment due March 2024; with a 1% NSR Royalty granted to the owner), with the remainder of the concessions being outright owned (100%) by Tribeca Resources. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022.
On behalf of Tribeca Resources Corporation
| Paul Gow | Thomas Schmidt | |
| CEO and Director | President and Director | |
| admin@tribecaresources.com | admin@tribecaresources.com | |
| +1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Forward Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the ability of the Company to close the Private Placement on the timing and terms described herein, or at all, the operations of the Company, that the Company’s results or potential results have or will attract potential investors and regulatory approval.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Project.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
AUGUST 14, 2023 | VANCOUVER, BC
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES
Tribeca Resources Closes Oversubscribed C$3.3 Million Non-Brokered Private Placement
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to announce that, further to the news releases dated July 11, 2023 and July 24, 2023, it has now closed the second and final tranche of an oversubscribed non-brokered private placement (the “Private Placement”). Together with the first tranche, Tribeca Resources raised gross proceeds of C$3,309,863.
In connection with the final tranche, the Company raised gross proceeds of $503,488 via the sale of Units consisting of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Common Share at an exercise price of C$0.55 for a period of 24 months from the date of issuance of the Warrant, subject to certain acceleration provisions described below.
No finder’s fees were paid in connection with the final tranche of the Private Placement.
The proceeds of the Private Placement will be used to advance the Company's La Higuera Project, for wider business development activities and general corporate purposes, as the Board of Directors of the Company may approve and direct.
Tribeca Resources CEO, Dr Paul Gow commented:
“We are very pleased with the response to our financing. The quality of investors we have been able to attract are, we believe, the result of the significant exploration potential at our La Higuera copper-gold project.”
“With a treasury of over C$4M Tribeca is now fully funded for what will be an exciting Phase 2 drill program at the project. "
"Our plan to test the open extensions at the Gaby discovery, and potentially to include additional drill-ready targets at La Higuera, means we are well placed to make the upcoming period a rewarding one for our shareholders."
All securities issued pursuant to the Private Placement, including the Common Shares issued in consideration for services rendered in connection with introducing the Company to investors, are subject to a four month hold period from the closing date of the respective tranche of the Private Placement. If for a period of ten consecutive trading days between the date that is four (4) months following the closing of the Private Placement and the expiry of the Warrants, the closing price of the Common Shares on the TSX Venture Exchange (or such other exchange on which the Common Shares may principally trade at such time) is greater than C$0.75 per share, then upon the Company disseminating a press release, the expiry date of the Warrants will automatically accelerate, and the Warrants will expire on the 30th day following the date on which such press release is disseminated.
Closing of the Private Placement is subject to receipt of all necessary regulatory approvals and final acceptance by the TSX Venture Exchange.
The subscription of an insider of the Company in the Private Placement accounted for $19,999.98 or approximately 0.60% of the total gross proceeds. Participation by such insider was exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) by virtue of the exemptions contained in Section 5.5(b) and 5.7(1)(b) of MI 61-101.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The 822 hectare Gaby concession area is held under a purchase option (5% Exploration Levy on expenditure incurred during the option period; a US$2 million final payment due March 2024; with a 1% NSR Royalty granted to the owner), with the remainder of the concessions being outright owned (100%) by Tribeca Resources. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022.
On behalf of Tribeca Resources Corporation
| Paul Gow | Thomas Schmidt | |
| CEO and Director | President and Director | |
| admin@tribecaresources.com | admin@tribecaresources.com | |
| +1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Forward Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the ability of the Company to close the Private Placement on the timing and terms described herein, or at all, the use of proceeds of the Private Placement, the operations of the Company, the drilling program, that the Company’s results have or will attract potential investors and approval of the TSXV and any other regulatory bodies.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Project.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
JULY 27, 2023 | VANCOUVER, BC
Tribeca Resources extends IP anomaly north of the Gaby discovery at the La Higuera IOCG project
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to announce results from extension geophysical surveying (Induced Polarization - IP) at the Gaby discovery, which is part of the La Higuera IOCG project in northern Chile. The results provide new chargeability anomalies that significantly extend the chargeable zone at Gaby to the north, providing encouragement that recently intersected mineralization continues beyond the limits of current drilling.
Highlights:
- Two lines of extension IP geophysical surveying at the northern end of the Gaby IOCG target have returned significant IP chargeability anomalism, up to 26 mV/V in inverted data, consistent with the presence of disseminated sulphide minerals. The new data extends the chargeable zone at Gaby by an additional 600m to the north.
- The eastern line (1400E) also identified a promising coincident low resistivity – high chargeability anomaly at its southern end, which presents a strong drill target, and is located in the vicinity of small historic pits hosting both oxide and chalcopyrite copper mineralization.
This IP survey was designed to test the area to the north of the Gaby discovery, where ground magnetic and gravity anomalism are present, but not coincident. Chargeability anomalism consistent with sulphide mineralization has been recorded adjacent to the previously reported 1mGal gravity anomaly. This data is supportive of mineralization intersected in the northernmost hole of the last program (e.g. 264m @ 0.31% Cu, 0.06 g/t Au in GBY007) continuing further to the north.
Tribeca Resources CEO, Dr Paul Gow commented:
“These are excellent results from the extension IP surveying at Gaby, which significantly extend the one-kilometre-long chargeability anomaly we have been successfully drilling.
Off the back of our recently announced financing, we are now preparing for the Phase 2 drill program in which we will drill further north under cover and attempt to expand the known size of this copper-gold system.”
IP Geophysical Survey
The IP survey comprised two lines, for 4.4 line-kilometres, located approximately 650 metres apart (Figure 1). The survey lines were configured in a NNE orientation (025°), slightly oblique to the north-south lines historically surveyed in the area, in order to avoid additional infrastructure (a road upgrade and new transmission powerline) erected in the area since the original surveying in 2004-2008.
The survey used a 100m pole-dipole array and utilized a n=1 to 20 configuration that nominally represents a greater depth penetration than previous surveying at the target in 2004-2008, which utilized a n=1 to 6 configuration. The survey was undertaken by the same contractor that completed the original survey.
Line 750E
- Line 750E hosts an 800m long +20 mV/V chargeability anomaly, peaking at 26 mV/V in the inverted data. The resistivity inversion indicates a resistive basement in this zone, beneath a highly conductive horizontal layer that represents the gravel cover and weathered top of basement.
- Importantly, this line indicates that the 20 mV/V chargeable anomalism defined in the historical surveying continues to the north. The two drillholes that have pierced this cross-section (GBY006 and GBY007) are on the flank of and within the southern portion of the anomaly, with both intersecting significant copper-gold mineralization.
- This chargeability anomaly represents a strong drill target and given the NNE orientation of the survey line there is also potential that the mineralization drilled to date may also expand, or trend, towards the east off the current north-south zone drilled to date.
Line 1400E
- Line 1400E hosts a strong coincident chargeability and low resistivity anomaly at its southern end. The geometry of the anomaly suggests a potentially north-dipping low resistivity zone. Drilling in the two holes to the west, 30-60m off-section, encountered intervals of copper mineralization towards the end of the holes (e.g. 22m @ 0.15% Cu in RCH-LH-12 and 14m @ 0.24% Cu in RCH-LH-10). These coincident chargeability and low resistivity anomalies represent a new drill target well east of Tribeca’s drilling to date.
- The northern end of Line 1400E hosts a chargeability anomaly of 17-19 mV/V amplitude (Error! Reference source not found.), evident over approximately 450m length of the line. It is not known if this is related to the highly chargeable zone in the northern end of Line 750E.
Together the two new lines of IP data provide strong encouragement for the extension of mineralization to the north of current drilling and provide an additional target to the east of the main Gaby trend.
Notes on geophysical surveying
The Induced Polarization (IP) surveying reported here was completed by Argali Geofisica E.I.R.L., which is a longstanding and reputable Chilean geophysical contracting and consulting company. The IP data were acquired with the pole-dipole array and a dipole spacing of 100 m expanded through 20 separations (n= 1 to 20). A time-domain waveform with a frequency of 0.125 Hz was employed. Survey location was determined by handheld GPS using the Prov. S. America 1956 (mean) datum, which has been converted by the Company to the WGS84 datum.
Qualified Person
All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, have world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca Resources’ flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The 822 hectare Gaby concession area is held under a purchase option (5% Exploration Levy on expenditure incurred during the option period; a US$2 million final payment due March 2024; with a 1% NSR Royalty granted to the owner), with the remainder of the concessions being outright owned (100%) by Tribeca Resources. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.
On behalf of Tribeca Resources Corporation
| Paul Gow | Thomas Schmidt | |
| CEO and Director | President and Director | |
| admin@tribecaresources.com | admin@tribecaresources.com | |
| +1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", “believe”, "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the drilling program, the ability of the Company to develop and define a suitable resource at the La Higuera IOCG project and the relationship between geophysical survey results and potential mineralization.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Project.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
JULY 24, 2023 | VANCOUVER, BC
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES
Tribeca Resources Upsizes Private Placement Financing and Announces First Closing
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to announce an increase to its previously announced non-brokered private placement (the "Private Placement"). As a result of strong investor interest, the Private Placement to raise gross proceeds of up to $3,000,000 has been upsized to raise aggregate gross proceeds of up to $3,500,000. The Company has received commitments for approximately 90% of the upsized total financing to date.
All terms of the Private Placement remain the same and the Company now intends to issue up to 10,606,060 units (the "Units") at a price of $0.33 per Unit for aggregate proceeds of up to $3,500,000 under the Private Placement. Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional Common Share at an exercise price of C$0.55 for a period of 24 months from the date of issuance of the Warrant.
The Company also announced that it has closed the first tranche of the Private Placement. Under the first tranche of the Private Placement, the Company issued an aggregate of 8,504,165 Units to raise gross proceeds of $2,806,374.
In connection with closing of the first tranche, the Company paid $102,000 and issued 309,091 Finder's Warrants to Tamesis Partners LLP in consideration for introducing certain subscribers to the Private Placement. Each Finder’s Warrant is exercisable at a price of $0.33 for a period of two (2) years from the date of issuance for one Common Share.
Tribeca Resources CEO, Dr Paul Gow commented:
“We are delighted with the strong response from existing shareholders and new investors for this Private Placement and expect to complete the financing in the coming weeks."
“The strong demand, we believe, is a result of the exciting exploration potential at our La Higuera copper-gold project.”
A second and final tranche of the Private Placement of up to an additional $693,626 is expected to close shortly.
All securities issued pursuant to the Private Placement, including the Common Shares issued in consideration for services rendered in connection with introducing the Company to investors, are subject to a four month hold period.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,047 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The 822 hectare Gaby concession area is held under a purchase option (5% Exploration Levy on expenditure incurred during the option period; a US$2 million final payment due March 2024; with a 1% NSR Royalty granted to the owner), with the remainder of the concessions being outright owned (100%) by Tribeca Resources. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022.
On behalf of Tribeca Resources Corporation
| Paul Gow | Thomas Schmidt | |
| CEO and Director | President and Director | |
| admin@tribecaresources.com | admin@tribecaresources.com | |
| +1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Forward Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the ability of the Company to close the Private Placement on the timing and terms described herein, or at all, the operations of the Company, that the Company’s results or potential results have or will attract potential investors and regulatory approval.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Project.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
JULY 11, 2023 | VANCOUVER, BC
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES
Tribeca Resources Announces Non-Brokered Private Placement of up to C$3M with Lead Orders from Three Sophisticated Investors
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to announce its intention to complete a non-brokered private placement pursuant to which it will issue up to 9,090,909 units ("Units") at a price of C$0.33 per Unit for aggregate gross proceeds of up to C$3,000,000 (the “Private Placement”).
Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional Common Share at an exercise price of C$0.55 for a period of 24 months from the date of issuance of the Warrant.
The proceeds of the Private Placement will be used to advance the Company's La Higuera Project, for wider business development activities and general corporate purposes, as the Board of Directors of the Company may approve and direct.
The Company has received lead orders from a group of sophisticated European investors, including one existing shareholder and two new investors, totalling $2,150,000.
Tribeca Resources CEO, Dr Paul Gow commented:
“This additional capital, underpinned by lead orders from one existing and two new cornerstone investors, means we are financed, not only to test the open extensions at the Gaby discovery, but potentially also to include further drill-ready targets at La Higuera in our planned Phase 2 drill programme. The quality of investors we have been able to attract are, we believe, a result of the exciting exploration potential at our La Higuera copper-gold project.”
In connection with the Private Placement, the Company will pay a finder's fee comprised of 6% cash and 6% warrants to eligible finders in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the “TSXV”). Closing of the Private Placement is expected to occur on or about July, 14 2023 and is subject to customary closing conditions, including receipt of all regulatory approvals, including the approval of the TSXV.
All securities issued pursuant to the Private Placement, including the Common Shares issued in consideration for services rendered in connection with introducing the Company to investors, are subject to a four month hold period.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,047 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The 822 hectare Gaby concession area is held under a purchase option (5% Exploration Levy on expenditure incurred during the option period; a US$2 million final payment due March 2024; with a 1% NSR Royalty granted to the owner), with the remainder of the concessions being outright owned (100%) by Tribeca Resources. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022.
On behalf of Tribeca Resources Corporation
| Paul Gow | Thomas Schmidt | |
| CEO and Director | President and Director | |
| admin@tribecaresources.com | admin@tribecaresources.com | |
| +1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Forward Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the ability of the Company to close the Private Placement on the timing and terms described herein, or at all, the use of proceeds of the Private Placement, the operations of the Company, the drilling program, that the Company’s results have or will attract potential investors and approval of the TSXV and any other regulatory bodies
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Project.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
JUNE 16, 2023 | VANCOUVER, BC
Tribeca Resources Announces New U.S. Quotation on OTCQB Venture Market under Symbol TRRCF
Tribeca Resources Corporation (TSXV: TRBC) (“Tribeca Resources”, the “Company”) is pleased to announce that its common shares have been approved for quotation on the OTCQB® Venture Market (the “OTCQB”) effective June 15. The Company’s U.S. listing will be quoted under the symbol TRRCF, whilst the Company’s primary Canadian listing will continue to trade on the TSX Venture Exchange under the symbol TRBC.
The OTCQB provides value and convenience to U.S. investors, brokers and institutions seeking to trade the shares of the company. Alongside this effort, the Company also received approval for DTC eligibility which acts as a clearing house to settle trades in the United States, furthering the liquidity of the Common Shares.
The OTCQB® Venture Market offers investors transparent trading in entrepreneurial and development stage U.S. and international companies. To qualify for OTCQB, companies must meet high financial and securities reporting standards, pass a bid test, and undergo annual verification. As a verified market with access for U.S. investors, OTCQB helps companies build shareholder value, achieve liquidity and a fair valuation. It will also enable the Company to expand its awareness and broaden its range of potential investors into the North American market.
Tribeca Resources CEO, Dr Paul Gow commented:
“The OTCQB quotation provides Tribeca Resources with access to the world’s largest investment market. Since listing on the TSX Venture Exchange in October 2022, Tribeca has drawn growing interest from US based investors who recognise the potential at our La Higuera project, following the discovery of a kilometre long mineralised copper gold at the Gaby target”.
“As we complete an on-going geophysics program to systematically delineate new drill targets, prior to drilling designed to understand the size of our exciting new Gaby discovery, we will continually strive to grow our investor base.”
The Company confirms that the OTCQB quotation does not impose any material additional compliance or regulatory standards over the Company’s TSXV listing. The Company further confirms that no shares are being issued to facilitate to the OTCQB quotation. Burns Figa & Will P.C. acted as the Company’s OTCQB advisor and sponsor.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,047 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The 822 hectare Gaby concession area is held under a purchase option (5% Exploration Levy on expenditure incurred during the option period; a US$2 million final payment due March 2024; with a 1% NSR Royalty granted to the owner), with the remainder of the concessions being outright owned (100%) by Tribeca Resources. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022.
On behalf of Tribeca Resources Corporation
| Paul Gow | Thomas Schmidt | |
| CEO and Director | President and Director | |
| admin@tribecaresources.com | admin@tribecaresources.com | |
| +1 604 685 9316 | +1 604 685 9316 |
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.
Forward Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the drilling program, the ability of the Company to develop and define a suitable resource at the Project and the relationship between geophysical survey results and potential mineralization.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Project.
There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
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