Remo Files Filing Statement FOR Reverse Takeover with Chakana Copper Corp.
REMO RESOURCES INC.
1430-800 West Pender Street, Vancouver, BC V6C 2V6
Telephone: (604) 638-8063; Fax: (604) 648-8105
NEWS RELEASE
REMO FILES FILING STATEMENT FOR REVERSE TAKEOVER
WITH CHAKANA COPPER CORP.
Vancouver, B.C., December 5, 2017 – Remo Resources Inc. (TSX-V: RER) (the “ Company ”
or “ Remo ”), is pleased to announce that its Filing Statemen t dated as of November 29, 2017 has
been filed on SEDAR and may be viewed under the Com pany’s profile at www.sedar.com. The
Filing Statement describes the Company’s proposed r everse takeover (the “Transaction”) with
Chakana Copper Corp. (“Chakana”).
The Company has received conditional approval of the TSX Venture Exchange (the “Exchange”)
to complete the Transaction, subject to closing of the Transaction by not later than February 28,
2018 and completion of certain other filings. The Transaction will constitute a Reverse
Takeover of Remo pursuant to Policy 5.2 – Changes of Business and Reverse Takeovers of the
Exchange.
Completion of the Transaction remains subject to a number of conditions, including final
approval of the Exchange and the approval of the sh areholders of the Company and Chakana.
The Company will be seeking shareholder approval of the Transaction by written consent.
Chakana shareholders will consider the Transaction at a special meeting to be held on December
8, 2017.
The shares of the Company were halted effective Oct ober 5, 2017 and will remain halted until
the completion of the Transaction. On closing of t he Transaction, the Company will change its
name to “Chakana Copper Corp.” and is expected to r esume trading on the Exchange under the
symbol “PERU”.
Additional information concerning the Transaction, Remo and Chakana is provided in the
Company’s Filing Statement.
For further information please contact Stephen Kenwood at (604) 638-8063
ON BEHALF OF THE BOARD
(signed) “ Stephen Kenwood ”
Stephen Kenwood
President and CEO
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in
the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Completion of the Transaction is subject to a numbe r of conditions, including but not limited to,
Exchange acceptance and if applicable pursuant to E xchange Requirements, majority of the
minority shareholder approval. Where applicable, t he Transaction cannot close until the
required shareholder approval is obtained. There c an be no assurance that the Transaction will
be completed as proposed or at all.
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Investors are cautioned that, except as disclosed i n the Filing Statement prepared in connection
with the Transaction, any information released or r eceived with respect to the Transaction may
not be accurate or complete and should not be relied upon.
The Exchange has in no way passed upon the merits of the Transaction and has neither approved
nor disapproved the contents of this press release .
This news release contains forward-looking statemen ts relating to the timing and completion of
the Transaction and other statements that are not h istorical facts. Forward-looking statements
are often identified by terms such as "will", "may" , "should", "anticipate", "expects" and similar
expressions. All statements other than statements o f historical fact included in this release are
forward-looking statements that involve risks and u ncertainties. There can be no assurance that
such statements will prove to be accurate and actua l results and future events could differ
materially from those anticipated in such statement s. Important factors that could cause actual
results to differ materially from the Company's and Chakana’s expectations include the failure to
satisfy the conditions to completion of the Transac tion and other risks detailed from time to time
in the filings made by the Company and Chakana with securities regulations.
The reader is cautioned that assumptions used in th e preparation of any forward-looking
information may prove to be incorrect. Events or ci rcumstances may cause actual results to
differ materially from those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the control of the Company and
Chakana. As a result, the Company and Chakana canno t guarantee that the Transaction will be
completed on the terms and within the time disclose d herein or at all. The reader is cautioned
not to place undue reliance on any forward-looking information. Such information, although
considered reasonable by management at the time of preparation, may prove to be incorrect and
actual results may differ materially from those ant icipated. Forward-looking statements
contained in this news release are expressly qualif ied by this cautionary statement. The forward-
looking statements contained in this news release a re made as of the date of this news release
and neither the Company nor Chakana intends to upda te any of the included forward-looking
statements except as required by Canadian securities laws.