KOPR to Acquire Stake in Premium Exploration USA
NEWS RELEASE
KOPR to Acquire Stake in Premium Exploration USA
VANCOUVER—March 1, 2019— KOPR Point Ventures Inc. (CSE: KOPR / OTC: NPEZF /
FSE: 4NP) (“KOPR” or the “Company”) is pleased to announce the successful negotiation to
acquire up to a 100% stake in Premium Exploration (USA), Inc., (“PEM USA”) a Nevada
corporation. PEM USA is the owner of patented and unpatented mining claims located in Idaho
County, Idaho near the town of Elk City.
Quoted by David Greenway:
“This acquisition allows KOPR to acquire an initial stake in the heart of the Ore Grande Shear
Zone, on what many consider to be an exceptional under-explored American gold district. We
believe that with past drilling results like 5.23 grams per tonne (g/t) gold over 112.8 metres,
including 34.22 g/t gold over 6.6 metres and 1.11 grams per tone over 111.25 meters will continue
to validate our belief in continuity and potential of the Friday ore deposit. Keeping our initial stake
at 20% allows us the ability to model and develop the asset with the guaranteed ability to increase
our interest to 100% upon careful and meaningful consideration. I couldn’t be more pleased with
the acquisition or the terms we have negotiated to our shareholders benefit!”
The details of the transaction are as follows:
KOPR may purchase 20% of the issued and outstanding shares of PEM USA from Premium
Exploration, Inc., a British Columbia company, in consideration of US $160,000 and 3,000,000
common shares of KOPR (“Shares”), with the Shares subject to voluntary hold periods as follows:
a. 300,000 Shares shall be subject to a hold period of six months from issuance;
b. 150,000 Shares shall be subject to a hold period of nine months from issuance;
c. 150,000 Shares shall be subject to a hold period of fifteen months from issuance;
d. 150,000 Shares shall be subject to a hold period of eighteen months from issuance;
e. 150,000 Shares shall be subject to a hold period of twenty-four months from
issuance;
f. 300,000 Shares shall be subject to a hold period of thirty months from issuance;
and
g. 1,800,000 shares shall be subject to a hold period of thirty-six months from
issuance.
At any time on or after March 1, 2020 and until March 1, 2023, KOPR may purchase the balance
of 80% of the issued and outstanding shares of PEM USA in consideration of an additional
payment of US $1,000,000 and issuing common shares of KOPR equal to US $3,000,000 (the
“Option Shares”), based on the average closing price of KOPR for the 30 previous trading days
immediately proceeding the closing date of the share purchase, with the shares subject to voluntary
hold periods as follows:
a. 10% of the Option shares shall be subject to a hold period of six months from
issuance;
b. 5% of the Option Shares shall subject to a hold period of nine months from
issuance;
c. 5% of the Option Shares shall be subject to a hold period of fifteen months from
issuance;
d. 5% of the Option Shares shall be subject to a hold period of eighteen months from
issuance;
e. 5% of the Option Shares shall be subject to a hold period of twenty-four months
from issuance;
f. 10% of the Option Shares shall be subject to a hold period of thirty months from
issuance; and
g. 60% of the Option Shares shall be subject to a hold period of thirty-six months from
issuance.
The transaction is a related party transaction as defined in Multi-Lateral Instrument 61-101 ("MI
61-101") as a result of the Company and the Premium Exploration, Inc. having certain common
directors and officers. The transaction is being undertaken pursuant to available exemptions from
the requirements of MI 61-101.
Further, the Company wishes to clarify that, further to the news release issued February 25, 2019,
Buster Hunsaker is the name of the Chair of the Company’s Advisory Board, not Buster Chairnof,
as stated.
About KOPR Point Ventures Inc.
KOPR Point (CSE: KOPR / OTC: NPEZF / FSE: 4NP) is engaged in the identification, review
and acquisition of latter stage copper and copper/gold assets. Management has been mandated to
focus on safe, mining friendly jurisdictions and government regulations supportive of mining
operations.
On Behalf of the Board of KOPR Point Ventures Inc.
“David Greenway”
Chief Executive Officer
Corporate Office
310-221 West Esplanade
North Vancouver, BC
V7M 3J3
For further information, please contact:
P: (604) 318-0114
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy
of this release.
This news release may contain forward-looking statements based on assumptions and judgments
of management regarding future events or results. Such statements are subject to a variety of risks
and uncertainties, which could cause actual events or results to differ materially from those
reflected in the forward-looking statements. The Company disclaims any intention or obligation
to revise or update such statements.