2022-08-20 06:30
Alpha Copper Corp. Enters into Letter of Intent to Acquire CAVU Energy Metals Corp. in All-Stock Transaction
VANCOUVER, British Columbia, Aug. 19, 2022 (GLOBE NEWSWIRE) — Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (FSE: PP0) ('Alpha') and CAVU Energy Metals Corp. (CSE: CAVU) (OTC: CAVVF) (FSE: 5EO) ('CAVU') are pleased to announce a non-binding Letter of Intent dated August 18, 2022 ('LOI') pursuant to which Alpha will acquire all of the issued and outstanding shares of CAVU (the 'Proposed Transaction'). The Proposed Transaction is an arm's length transaction, and provides CAVU shareholders with a premium of 60% based on each company's respective 20-day volume-weighted average price ('VWAP').
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