Announces TSXV Conditional Acceptance and Filing of Filing Statement FOR Its Qualifying Transaction
BIG DOUGIE CAPITAL CORP.
ANNOUNCES TSXV CONDITIONAL ACCEPTANCE AND FILING OF FILING
STATEMENT FOR ITS QUALIFYING TRANSACTION
Calgary, Alberta – August 31, 2020 – Big Dougie Capital Corp. (" Big Dougie ") (TSXV:
STUV.P) is pleased to announce that it has received conditional acceptance from the TSX Venture
Exchange (" TSXV") for the closing of its proposed qualifying transaction (the " Qualifying
Transaction") with Compania Recursos Andina Limitada ("Andina") and has filed its filing
statement in connection with the Qualifying Transaction (the "Filing Statement").
Further to its comprehensive news release dated August 28, 2020 and news release dated March
27, 2020, Big Dougie will acquire all of the issued and outstanding units of Andina in exchange
for the p ayment by Big Dougie of USD $500,000 and the issuance of an aggregate 50,000,000
shares at a deemed price of $0.055 per share.
The completion of the Qualifying Transaction is subject to a number of conditions including, but
not limited to, receipt of all required regulatory approvals, including final TSXV acceptance, and
satisfaction of other customary closing conditions. Assuming all conditions are satisfied, closing
of the Qualifying Transaction is expected to occur on or about September 18, 2020, or such other
date as may be determined. For further information regarding the Qualifying Transaction, please
see the Filing Statement, which is available under Big Dougie 's profile on SEDAR at
www.sedar.com.
In addition, Big Dougie is also pleased to announce the filing of an independent technical report
entitled "Coba Southwest Project Technical Rep ort", prepared for Andina and dated April 27,
2020. The Technical Report was prepared by Eric L. Hanson, P. Geo and supports the disclosure
contained in the news released issued on August 28, 2020 and the Filing Statement. A copy of the
Technical Report is available under Big Dougie’s profile on SEDAR.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward- looking statements" under applicable Canadian
securities legislation. Forward-looking statements include, but are not limited to, statements with
respect to the terms, conditions and timing of the proposed Qualifying Transaction, the parties’
ability to satisfy closing conditions and receive necessary approvals, including final TSXV
acceptance. Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown risks,
uncertainties and other factors which may cause the actual results and future events to differ
materially fro m those expressed or implied by such forward- looking statements. Such factors
include, but are not limited to: general business, economic, competitive, political and social
uncertainties; delay or failure to receive regulatory approvals; the price of gold and copper; and
the results of current exploration. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Big Dougie and Andina disclaim any intention or obligation to update or revise any forward-
looking statements, whether as a result of new information, future events or otherwise, except as
required by law.
For further information, please contact:
Big Dougie Capital Corp.
Al Kroontje
Chief Executive Officer and Director
Phone: (403) 607-4009
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this news release.