Orecap Updates on 43-101 Technical Reports and Receives Shareholder Approval for New Spin Outs
Orecap Invest Corp. (OTCQB: ORFDF) has announced two significant developments: the completion of updated NI 43-101 technical reports for its McGarry, Mirado, and Knight projects, and shareholder approval for spinning out three wholly-owned subsidiaries.
The company expects to file the technical reports on SEDAR+ in the coming weeks, positioning its physical assets for potential value creation through consolidation or M&A opportunities, particularly in the current favorable gold price environment. The approved spinout arrangement, expected to close by September 30, 2025, involves three newly incorporated subsidiaries: 1540529 B.C. Ltd., 1540538 B.C. Ltd., and 1540542 B.C. Ltd.
Notably, Agnico Eagle Mines Limited holds a 9.9% stake in Orecap, which maintains significant equity positions in portfolio companies including American Eagle Gold, XXIX Metal Corp., Mistango, and Awale Resources.
Orecap Invest Corp. (OTCQB: ORFDF) ha annunciato due sviluppi significativi: il completamento dei rapporti tecnici aggiornati NI 43-101 per i progetti McGarry, Mirado e Knight, e l'approvazione da parte degli azionisti per la spin-out di tre controllate interamente possedute.
L'azienda prevede di depositare i rapporti tecnici su SEDAR+ nelle prossime settimane, posizionando i suoi beni fisici per potenziali creazioni di valore tramite consolidamento o opportunità di fusioni e acquisizioni, in particolare nell'attuale contesto favorevole al prezzo dell'oro. L'accordo di spinout approvato, che dovrebbe chiudersi entro il 30 settembre 2025, riguarda tre nuove controllate costituite: 1540529 B.C. Ltd., 1540538 B.C. Ltd., e 1540542 B.C. Ltd.
Notabilmente, Agnico Eagle Mines Limited detiene una quota del 9,9% in Orecap, che mantiene posizioni azionarie significative in società in portafoglio tra cui American Eagle Gold, XXIX Metal Corp., Mistango e Awale Resources.
Orecap Invest Corp. (OTCQB: ORFDF) ha anunciado dos desarrollos importantes: la finalización de los informes técnicos NI 43-101 actualizados para sus proyectos McGarry, Mirado y Knight, y la aprobación de los accionistas para la desinversión de tres subsidiarias 100% propias.
La empresa espera presentar los informes técnicos en SEDAR+ en las próximas semanas, posicionando sus activos físicos para la creación de valor potencial mediante consolidación u oportunidades de fusiones y adquisiciones, especialmente en el actual entorno favorable para el precio del oro. El acuerdo de spinout aprobado, que se espera cierre para 30 de septiembre de 2025, involucra tres subsidiarias recién incorporadas: 1540529 B.C. Ltd., 1540538 B.C. Ltd., y 1540542 B.C. Ltd.
Cabe destacar que Agnico Eagle Mines Limited posee una participación del 9,9% en Orecap, que mantiene participaciones significativas en empresas de su cartera, entre las que se encuentran American Eagle Gold, XXIX Metal Corp., Mistango y Awale Resources.
Orecap Invest Corp. (OTCQB: ORFDF)가 두 가지 중요한 발전을 발표했습니다: McGarry, Mirado, Knight 프로젝트에 대한 업데이트된 NI 43-101 기술 보고서의 완료 및 3개의 전액 출자 자회사의 분리(스핀아웃)에 대한 주주 승인.
회사는 향후 몇 주 내에 SEDAR+에 기술 보고서를 제출할 예정이며, 물리적 자산을 통합 또는 M&A 기회로 인한 가치 창출에 대비해 위치시키고 있으며, 현재의 유리한 금 가격 환경에서 특히 그렇습니다. 승인된 스핀아웃 구조는 2025년 9월 30일까지 마감될 예정이며, 새로 설립된 자회사 3곳은 1540529 B.C. Ltd., 1540538 B.C. Ltd., 1540542 B.C. Ltd.입니다.
주목할 점은 Agnico Eagle Mines Limited가 Orecap의 9.9% 지분을 보유하고 있으며, American Eagle Gold, XXIX Metal Corp., Mistango, Awale Resources를 포함한 포트폴리오 회사들에 중요한 지분을 보유하고 있습니다.
Orecap Invest Corp. (OTCQB : ORFDF) a annoncé deux développements importants : l’achèvement des rapports techniques NI 43-101 mis à jour pour ses projets McGarry, Mirado et Knight, et l’approbation des actionnaires pour la scission de trois filiales entièrement détenues.
La société prévoit déposer ces rapports techniques sur SEDAR+ dans les prochaines semaines, positionnant ses actifs physiques pour une potentielle création de valeur par consolidation ou opportunités de fusions et acquisitions, notamment dans le contexte actuel favorable au prix de l’or. L’accord de spin-out approuvé, qui devrait être finalisé d’ici le 30 septembre 2025, concerne trois filiales nouvellement constituées : 1540529 B.C. Ltd., 1540538 B.C. Ltd., et 1540542 B.C. Ltd.
Notamment, Agnico Eagle Mines Limited détient une participation de 9,9% dans Orecap, qui conserve des positions significatives dans des sociétés du portefeuille, notamment American Eagle Gold, XXIX Metal Corp., Mistango et Awale Resources.
Orecap Invest Corp. (OTCQB: ORFDF) hat zwei bedeutende Entwicklungen bekannt gegeben: den Abschluss aktualisierter NI 43-101-Technikberichte für die Projekte McGarry, Mirado und Knight sowie die Zustimmung der Aktionäre zur Ausgliederung von drei vollständig eigenständigen Tochtergesellschaften.
Das Unternehmen plant, die Technikberichte in den kommenden Wochen auf SEDAR+ einzureichen und damit seine physischen Vermögenswerte für potenzielle Wertschöpfung durch Konsolidierung oder M&A-Möglichkeiten zu positionieren, insbesondere im aktuellen günstigen Goldpreiss Umfeld. Die genehmigte Spin-out-Vereinbarung, deren Abschluss voraussichtlich bis zum 30. September 2025 erfolgen wird, betrifft drei neu gegründete Tochtergesellschaften: 1540529 B.C. Ltd., 1540538 B.C. Ltd. und 1540542 B.C. Ltd.
Bemerkenswert ist, dass Agnico Eagle Mines Limited eine 9,9 %-ige Beteiligung an Orecap hält, das bedeutende Eigenkapitalpositionen in Portfoliounternehmen wie American Eagle Gold, XXIX Metal Corp., Mistango und Awale Resources beibehält.
Orecap Invest Corp. (OTCQB: ORFDF) أعلنت عن تطورين مهمين: إتمام تقارير NI 43-101 الفنية المحدثة لمشروعات McGarry وMirado وKnight، وموافقة المساهمين على فصل ثلاث شركات فرعية مملوكة بالكامل.
تتوقع الشركة تقديم التقارير الفنية على SEDAR+ خلال الأسابيع المقبلة، مما يضع أصولها الفعلية في موقع يتيح قيمة محتملة من خلال الدمج أو فرص الاستحواذ، خاصة في بيئة سعر الذهب الحالية المواتية. ترتيب التفكيك المعتمد، المتوقع إغلاقه بحلول 30 سبتمبر 2025، يشمل ثلاث شركات فرعية منشأة حديثاً: 1540529 B.C. Ltd. و1540538 B.C. Ltd. و1540542 B.C. Ltd.
ومن الجدير بالذكر أن Agnico Eagle Mines Limited تملك حصة نسبتها 9.9% في Orecap، التي تظل تمتلك مواقع ملكية كبيرة في شركات المحفظة بما في ذلك American Eagle Gold وXXIX Metal Corp. وMistango وAwale Resources.
Orecap Invest Corp.（OTCQB：ORFDF） 宣布两项重大进展：其 McGarry、Mirado 和 Knight 项目更新后的 NI 43-101 技术报告完成，以及股东批准将三家全资子公司分拆。
公司预计在未来几周内在 SEDAR+ 提交技术报告，使其物理资产在通过整合或并购机会实现潜在增值方面处于有利地位，特别是在当前有利的黄金价格环境下。获批的分拆安排预计在 2025 年 9 月 30 日 前完成，涉及三家新设立的子公司：1540529 B.C. Ltd.、1540538 B.C. Ltd. 和 1540542 B.C. Ltd。
值得注意的是，Agnico Eagle Mines Limited 持有 Orecap 9.9% 的股权，Orecap 在投资组合公司中仍维持显著的股权地位，包括 American Eagle Gold、XXIX Metal Corp.、Mistango 和 Awale Resources。
- Updated 43-101 technical reports enhance potential for future transactions and value creation
- Shareholder approval received for three new spinout subsidiaries
- Strategic positioning in prolific gold camps with significant infrastructure
- Backing from major mining company Agnico Eagle Mines (9.9% shareholder)
- Multiple regulatory approvals still pending (Supreme Court of British Columbia and TSX Venture Exchange)
- Transaction completion subject to various customary conditions
- Updated 43-101 technical reports on McGarry, Mirado and Knight to streamline potential future transactions, including possible spinouts or M&A.
- Shareholders approve spinning out three newly incorporated subsidiaries, closing expected by September 30, 2025.
- Orecap to proactively move forward with creating value from assets, including monetizing current investments to realize value for shareholders.
Toronto, Ontario--(Newsfile Corp. - September 22, 2025) - Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) ("Orecap" or the "Company") is pleased to announce that it has completed work required to update its McGarry, Mirado and Knight NI 43-101 technical reports (the "Technical Reports"), and expects to file the Technical Reports on SEDAR+ in the near term. The Company would also like to announce that it has received shareholder approval for its previously announced plan of arrangement spinning out three wholly-owned subsidiaries, announced on August 6, 2025.
"These new spinouts will transact on new opportunities and will be independently capitalized, with Orecap taking equity positions in each. Furthermore, this gold price environment has made our physical assets significantly more attractive given each asset is in prolific gold camps, and are central to any consolidation. Having updated 43-101 technical reports for each physical asset provides value creating optionality," said Stephen Stewart, CEO of Orecap.
Orecap's Physical Assets: 43-101 Technical Reports
Orecap has completed work necessary to produce updated independent 43-101 Technical Reports (the "Technical Reports") for its Projects. Orecap anticipates that the Technical Reports will be finalized and filed on SEDAR+ in the coming weeks.
Orecap's Physical Assets, McGarry, Mirado and Knight (the "Projects"), are located in prolific gold camps with significant infrastructure in place, and are considered central to any large-scale consolidation, especially under the context of a rising gold price environment. Accordingly, producing the Technical Reports is an important step in realizing value from the Projects, whether spinning them out as part of a larger consolidation opportunity, or transacting via M&A.
Shareholder Approval of Three Spin Outs
The Company is pleased to announce that all matters presented at the Meeting were approved, including the special resolution approving the previously announced plan of arrangement with its three (3) wholly-owned subsidiaries, whereby the Company intends to complete a spinout of 1540529 B.C. Ltd., 1540538 B.C. Ltd. and 1540542 B.C. Ltd. to the existing shareholders of the Company (the "Arrangement").
The Arrangement remains subject to approval of the Supreme Court of British Columbia (the "Court") and the TSX Venture Exchange, and to the satisfaction of other customary conditions. The Court hearing for the final order is scheduled to take place on September 25, 2025, and closing of the Arrangement is expected to occur by September 30, 2025.
In addition to the existing investments, the three spinouts provide Orecap optionality and a pipeline of future investments that are primed to become part of its equity portfolio. Each spinout has been structured for a seamless transition to public markets and will be led by strong technical and financial management teams. Furthermore, Orecap will look to invest in people that will advance such new opportunities.
About Orecap Invest Corp.
Orecap seeks special situation investments in the natural resource sector that offer shareholders diverse exposure to high returns on precious and critical metal assets and businesses. Orecap has significant equity positions in portfolio companies, such as American Eagle Gold (TSXV: AE) (OTCQB: AMEGF), XXIX Metal Corp. (TSXV: XXIX) (OTCQB: QCCUF), Mistango (CSE: MIS), and Awale Resources (TSXV: ARIC), in addition to owning a broad portfolio of land packages focussed on gold, copper and zinc. Agnico Eagle Mines Limited is a
For further information, please contact:
Stephen Stewart, Chief Executive Officer
Phone: 416.644.1567
Email: info@oregroup.ca
Forward-Looking Statements
This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of the Corporation, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" "target" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the closing of the Transaction, appointment of the new officers and directors, and information regarding the Roger Project. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's management's discussion and analysis for the fiscal year ended October 31, 2024, which is available on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those projected in any forward-looking statements. The Corporation does not intend, nor does the Corporation undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
Neither the 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267344
FAQ
What are the key updates announced by Orecap (ORFDF) on September 22, 2025?
When is the expected closing date for Orecap's spinout arrangement?
Which subsidiaries are involved in Orecap's spinout plan?
What major mining company is a significant shareholder in Orecap?
What are the remaining conditions for Orecap's arrangement completion?
