GPAC Completes Acquisition of Tinga Valley Copper & Gold Corp

Great Pacific Gold Corp. Completes Acquisition of Tinga Valley Copper & Gold Corp.

Great Pacific Gold Corp. (GPAC) has successfully concluded the acquisition of Tinga Valley Copper & Gold Corp., securing control of Tinga's promising copper-gold project in Papua New Guinea. In exchange, Tinga's shareholders have received 12.5 million GPAC shares, subject to resale restrictions for up to a year. Bryan Slusarchuk, GPAC's CEO, emphasized the strategic importance of this transaction, citing the potential for drilling at the Tinga Valley Property and its geological similarities to the Ok Tedi Copper Gold Mine. The facilitation of this deal by Clarus Securities Inc. will enable GPAC to expand its land holdings and explore various projects in this copper and gold-rich region, positioning the company as a significant player in the industry.

Key Takeaways

• The acquisition provides GPAC with control over the promising copper-gold project at the Tinga Valley Property in Papua New Guinea.
• Tinga's shareholders have received 12.5 million GPAC shares, with resale restrictions in place for up to a year.
• The move expands GPAC's land holdings within a region renowned for major copper and gold deposits, positioning the company for significant progress in their projects.

Analysis

The acquisition significantly enhances GPAC's presence in Papua New Guinea, renowned for its substantial copper and gold reserves. This strategic maneuver, with Clarus Securities Inc.'s assistance, grants GPAC access to Tinga's valuable copper-gold project, amplifying their exploration potential.

The direct impact is felt by Tinga's shareholders and Clarus Securities, who have received compensation in the form of GPAC shares for their roles in the transaction. Indirectly, the mining sector of Papua New Guinea stands to gain from increased exploration activities and potential project development.

In the short term, GPAC's position in the mining industry is fortified, potentially leading to growth for shareholders. However, long-term success is contingent upon the exploration outcomes of the Tinga Valley Property and the prevailing market conditions. The broader ramifications of this acquisition on Papua New Guinea's economy and mining sector will manifest over time.

Did You Know?

• Tinga Valley Copper & Gold Corp.: This company owns the Tinga Valley Property, a promising copper-gold project that has been acquired by Great Pacific Gold Corp. (GPAC), with Tinga's shareholders receiving GPAC shares in return.
• Resale restrictions: These legal clauses constrain the sale of securities, in this case, GPAC shares, for a specific period. The GPAC shares received by Tinga's shareholders are subject to resale restrictions for up to a year, preventing them from selling these shares during this period.
• Clarus Securities Inc.: A Canadian independent investment dealer that provided financial advisory services to GPAC for this acquisition. As compensation, Clarus Securities Inc. received 600,000 common shares of GPAC.