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Blackwolf Completes Acquisition Of Optimum Ventures; Andrew Bowering Joins The Board Of Directors

Sep 12, 2023•almost 2 years ago

Acquiring Company

Blackwolf Copper & Gold Ltd

Acquired Company

Optimum

VancouverMineralMining

Description

Blackwolf Copper and Gold Ltd. (“Blackwolf”, or the “Company”) (TSXV: BWCG, OTC:BWCGF) and Optimum Ventures Ltd. (“Optimum”) (TSXV: OPV) are pleased to announce that they have completed their previously announced plan of arrangement, pursuant to which the Company acquired all the issued and outstanding shares of Optimum, and, in exchange, shareholders of Optimum received 0.65 of a common share of Blackwolf for each Optimum share held (the “Transaction”). In addition, Andrew Bowering, mining entrepreneur, a founder of Optimum, has joined the Company’s board of directors, replacing Don Birak, who stepped down effective September 12, 2023.

Company Information

Company

Blackwolf Copper & Gold Ltd

Location

3123-595 BURRARD STREET

Vancouver, British Columbia, Canada

About

Blackwolf’s founding vision is to be an industry leader in transparency, inclusion and innovation. Guided by our Vision and through collaboration with local and Indigenous communities and stakeholders, Blackwolf builds shareholder value through our technical expertise in mineral exploration, engineering and permitting. The Company holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska as well as six Hyder Area gold-silver and base metal properties in southeast Alaska and northwest British Columbia in the Golden Triangle, including the Cantoo and Harry properties.

DealWatch™ Score

67
High M&A Activity

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Based on deal data
Integration timeline
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Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
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Companies increase IT spending by 23% on average after acquisitions
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