Doré Copper Engages Independent Trading Group as Its Market-Maker
December 01 2021 - 8:00AM
Doré Copper Mining Corp. (the "
Corporation" or
"
Doré Copper") (TSXV: DCMC; OTCQX: DRCMF; FRA:
DCM) today announced it has entered into a market-making agreement
(the “
Agreement”) with Independent Trading Group
("
ITG") pursuant to which ITG has agreed to
provide market-making services to the Corporation in accordance
with the policies of the TSX Venture Exchange and applicable laws.
Under the terms of the Agreement, which is
effective December 1, 2021, Doré Copper will pay the Market Maker a
monthly fee of $5,000 for market making services for a minimum term
of three months, which will continue until either party has
terminated the agreement with thirty (30) days' notice. ITG will
not receive shares or other securities as compensation. The capital
used for market making will be provided by ITG.
About Doré Copper Mining
Corp.
Doré Copper Mining Corp. is a copper-gold
explorer and developer in the Chibougamau area of Québec, Canada.
The Corporation is focussed on implementing its hub-and-spoke
development strategy by advancing its key high-grade copper-gold
brownfield projects towards a restart of operations. Our goal is to
achieve an annual production of 60 Mlbs of copper equivalent (or
100,000 oz gold equivalent).
The Corporation has consolidated a large land
package in the prolific Lac Doré/Chibougamau and Joe Mann mining
camps that has produced 1.6 billion pounds of copper and
4.4 million ounces of gold1. The land package includes 13
former producing mines, deposits and resource target areas within a
60-kilometre radius of the Company’s 2,700 tpd mill (Copper Rand
Mill).
Doré Copper plans to deliver a PEA of its
hub-and-spoke model in January 2022. The Corporation is completing
its 2021 drilling program of 50,000 meters on its properties in the
Lac Doré and Chibougamau area of Québec.
For further information, please contact:
Ernest Mast |
Laurie Gaborit |
President and Chief Executive Officer |
Vice President, Investor Relations |
Phone: (416) 792-2229 |
Phone: (416) 219-2049 |
Email: emast@Dorécopper.com |
Email: lgaborit@Dorécopper.com |
For more information, please visit: www.dorecopper.com
Facebook: Doré Copper MiningLinkedIn: Doré Copper Mining
Corp.Twitter: @DoreCopperInstagram: @DoreCopperMining
1. Sources for historic production figures:
Economic Geology, v. 107, pp. 963–989 - Structural and
Stratigraphic Controls on Magmatic, Volcanogenic, and Shear
Zone-Hosted Mineralization in the Chapais-Chibougamau Mining Camp,
Northeastern Abitibi, Canada by François Leclerc et al. (Lac
Doré/Chibougamau mining camp) and NI 43-101 Technical Report on the
Joe Mann Property dated January 11, 2016 by Geologica
Groupe-Conseil Inc. for Jessie Ressources Inc. (Joe Mann mine).
Cautionary Note Regarding
Forward-Looking StatementsThis news release includes
certain "forward-looking statements" under applicable Canadian
securities legislation. Forward-looking statements include
predictions, projections and forecasts and are often, but not
always, identified by the use of words such as "seek",
"anticipate", "believe", "plan", "estimate", "forecast", "expect",
"potential", "project", "target", "schedule", "budget" and "intend"
and statements that an event or result "may", "will", "should",
"could" or "might" occur or be achieved and other similar
expressions and includes the negatives thereof. Specific
forward-looking statements in this press release include, but are
not limited to, completing a PEA in January 2022, implementing a
hub-and-spoke development strategy by advancing the Corporation’s
key high-grade copper-gold brownfield projects towards a restart of
operations, and the Corporation’s goal of achieving an annual
production of 60 M lbs of copper equivalent (or 100,000 oz gold
equivalent).
All statements other than statements of
historical fact included in this release, including, without
limitation, statements regarding the timing and ability of the
Corporation to receive necessary regulatory approvals, and the
plans, operations and prospects of the Corporation and its
properties are forward-looking statements. 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
actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such
factors include, but are not limited to, actual exploration
results, changes in project parameters as plans continue to be
refined, future metal prices, availability of capital and financing
on acceptable terms, general economic, market or business
conditions, uninsured risks, regulatory changes, delays or
inability to receive required regulatory approvals, health
emergencies, pandemics and other exploration or other risks
detailed herein and from time to time in the filings made by the
Corporation with securities regulators. Although the Corporation
has attempted to identify important factors that could cause actual
actions, events or results to differ from those described in
forward-looking statements, there may be other factors that cause
such actions, events or results to differ materially from those
anticipated. 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. The Corporation disclaims 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.
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.
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