- Orecap Invest Corp. (OCI) is set to acquire a 19.9% stake in Kintavar Exploration through a strategic transaction.
- The transaction incorporates the Roger Gold Project, containing 333,000 ounces of gold-equivalent in Indicated Resources.
- Completion of the transaction is anticipated in June 2025, subject to regulatory approvals.
Orecap Invest Corp. (OCI) (TSXV: OCI) (OTCQB: ORFDF) has announced an agreement to acquire a 19.9% stake in Kintavar Exploration as part of a strategic transaction centered around the Roger Gold Project. This venture sees Orecap reallocating its holdings in XXIX Metal Corp to acquire 50% of the Roger Project from SOQUEM. Kintavar, in turn, will receive these assets, bolstering its strategic position in Quebec's Chibougamau mining district.
The Roger Project boasts 333,000 ounces of gold-equivalent in Indicated Resources along with an additional 202,000 ounces in Inferred Resources, establishing its significance in the resource-rich area. The assets are expected to enable Kintavar to solidify its standing as a key player in Quebec's gold exploration sector, with a strong financial backing of over $3.6 million in cash post-transaction.
The completion of this transaction is projected for June 2025, pending regulatory approval and other conditions. Upon finalization, both Orecap and XXIX will hold approximately 19.97% of Kintavar's outstanding shares, marking a significant step forward in Orecap's strategic investment strategy. This acquisition aligns with Orecap's broader corporate goals of engaging with well-capitalized companies possessing high-quality assets in mining-friendly jurisdictions.
