Mr. Cole Evans of Enduro reports
ENDURO METALS AND COMMANDER RESOURCES PROVIDE UPDATE ON BUSINESS COMBINATION
Enduro Metals Corp. and Commander Resources Ltd. continue to work diligently on the completion of their previously announced business combination. In furtherance of that, the parties determined to structure the proposed transaction as a court-approved plan of arrangement, to be completed in accordance with the terms and conditions of an arrangement agreement between the parties dated Feb. 25, 2025. The arrangement agreement has substantially the same terms as the amalgamation agreement that the parties initially entered into and which is now superseded by the arrangement agreement (see joint news release dated Dec. 9, 2024, filed on SEDAR+).
The business combination is progressing as planned; both companies are coordinating on the information circular.
Completion of the proposed transaction remains subject to several conditions, including the approval of Commander's shareholders, approval of the Supreme Court of British Columbia and acceptance of the TSX Venture Exchange. There can be no assurance that the proposed transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the proposed transaction, any information released or received with respect to the proposed transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Commander and Enduro should be considered highly speculative.
Qualified persons
Robert Cameron, PGeo, is a qualified person within the context of National Instrument 43-101, and has read and takes responsibility for the technical aspects of this release in so far as they relate to Commander. Maurizio Napoli, PGeo, is a qualified person within the context of National Instrument 43-101, and has read and takes responsibility for the technical aspects of this release in so far as they relate to Enduro.
About Enduro Metals Corp.
Enduro Metals is an exploration company focused on its Newmont Lake project, a 688-square-kilometre property located between Eskay Creek, Snip and Galore Creek within the heart of British Columbia's Golden Triangle. Building on prior results, the company's geological team has outlined multiple deposit environments of interest across the Newmont Lake project, including high-grade epithermal/skarn gold along the McLymont fault, copper-gold alkalic porphyry mineralization at Burgundy, newly discovered copper-gold porphyry mineralization at North Toe, and a large 10-kilometere-by-four-kilometre geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt and lead mineralization along the newly discovered Chachi corridor.
About Commander Resources Ltd.
Commander is a Canadian-focused exploration company that has leveraged its success in exploration through a combination of partnerships and sole funded exploration. Commander has a portfolio of base and precious metal projects across Canada including its flagship Burn project, a newly discovered porphyry copper-gold project in the Babine copper belt of central British Columbia and its October Dome copper and gold porphyry target in central British Columbia and the company's Sabin VMS (volcanogenic massive sulphide) project in Ontario.
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