Alpha Copper Makes First Payment to Acquire Okeover Copper Project
VANCOUVER, March 11, 2022 - Alpha Copper Corp. ("Alpha Copper" or the "Company") (CSE: ALCU) (OTC: ALCUF) is pleased to announce that, further to its news release dated January 14, 2022 (together, the "Prior Release"), the Company has made its first issuance under the option agreement (the "Option Agreement") dated January 13, 2022 among Eastfield Resources Ltd., Northwest Copper Corp. ("Northwest") and the Company, pursuant to which the Company may acquire a 100% interest (the "Acquisition") in the Okeover Copper Project located in British Columbia (the "Property"). In accordance with the Option Agreement, the Company issued 267,159 common shares (the "Payment Shares") to Northwest, having an aggregate deemed value of $250,000. The Payment Shares are subject to a statutory hold period of four months and one day from the date of issuance.
Upon completing all payments under the Option Agreement, the Company will be deemed to have exercised the option in full and will acquire 100% interest in the Property. Additional information with respect to the Option Agreement, Acquisition and the Property is available in the Prior Release.
About Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF)
Alpha Copper is focused on contributing to the green economy by finding and developing copper resource assets in stable jurisdictions. The Company is positioned to earn a 60% interest in the Indata copper-gold project located in north central British Columbia and a 100% interest in the Okeover copper-molybdenum project located near the coastal community of Powell River, British Columbia. For more information visit: https://alphacopper.com/.
ON BEHALF OF THE BOARD OF DIRECTORS
"Darryl Jones"
Darryl Jones
Director
604-788-9533
Additional information about the Company is available under its profile on SEDAR at www.sedar.com.
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's plans and outlook. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, its securities, or its financial or operating results.
The CSE has not reviewed, approved, or disapproved the contents of this press release.