Recent Insider Transactions • Jul 21
Independent Director recently sold €242k worth of stock On the 18th of July, Randolph Kasum sold around 2m shares on-market at roughly €0.12 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €226k more than they bought in the last 12 months. お知らせ • Jul 01
Optimum Ventures Ltd., Annual General Meeting, Aug 31, 2023 Optimum Ventures Ltd., Annual General Meeting, Aug 31, 2023. お知らせ • Jun 21
Blackwolf Copper and Gold Ltd. (TSXV:BWCG) entered a non-binding letter of intent to acquire Optimum Ventures Ltd. (TSXV:OPV) for CAD 8.7 million. Blackwolf Copper and Gold Ltd. (TSXV:BWCG) entered a non-binding letter of intent to acquire Optimum Ventures Ltd. (TSXV:OPV) for CAD 8.7 million on June 20, 2023. The LOI contemplates that the shareholders of Optimum will receive 0.65 of a Blackwolf common share for each Optimum common share held, which will result in the Optimum shareholders collectively owning approximately 26% of the resultant company’s outstanding common shares (on a non-diluted basis and prior to any issuances of securities by either company prior to closing). Following the successful closing of this transaction, Andrew Bowering will be appointed to the board of Directors of Blackwolf. On completion of the proposed transaction, the composition of the board of directors of the resulting company will consist of six, five of which will be current members of the board of directors of Blackwolf or chosen by Blackwolf and one will be Andrew Bowering, the nominee of Optimum.
The completion of the proposed transaction is subject to a number of conditions precedent, including: (i) satisfactory due diligence review, (ii) negotiation and execution of a definitive agreement respecting the proposed transaction; (iii) approval by the boards of directors of each of Blackwolf and Optimum, (iv) approval of the shareholders of Optimum at a special meeting of the shareholders of Optimum; (v) court approval of the Plan of Arrangement, and (vi) obtaining necessary third party approvals, including TSX Venture Exchange acceptance. Transaction is also subject to Optimum Ventures having minimum working capital of CAD 0.75 million. Each of Optimum’s directors and officers and certain other significant Optimum shareholders, collectively holding in aggregate at least 30% of the outstanding shares of Optimum, are expected to enter into voting support agreements in favour of the proposed transaction. お知らせ • Feb 17
Optimum Ventures Ltd. Receives Positive Assay Results on the Harry Property in Northwest British Columbia Optimum Ventures Ltd. announced positive precious and base metal assay results from a Shaw drilling program on the Company's Harry property located near Stewart in northwest British Columbia. The Harry Project is positioned within a 200 Kilometre (“km”) long northwest-trending corridor with-in the prolific Golden Triangle, home to multiple high-grade gold deposits and discoveries. The Harry Property hosts several 500 metre (“m”) wide zones of intense alteration that trend northwest along the claim length with several different mineralization types, as follows: Quartz and quartz breccias with sphalerite (zinc sulphide), galena (lead sulphide), chalcopyrite (copper-iron sulphide), tetrahedrite (copper-antimony sulphosalts), pyrite (iron sulphide) and occasionally fine visible gold. Gold-silver enriched volcanogenic massive sulphide (VMS) type of mineralization like that of the famous Eskay Creek deposit. Enhanced gold associated with arsenopyrite (iron-arsenic sulphide) in sericite altered rocks. The Sheeted Vein zone consists of parallel northwest-striking quartz-sulfide veins that dip to the east, across widths of at least 7 metres and hosting semi-massive to massive galena, green sphalerite, and tetrahedrite masses along a quartz stockwork. The zone is exposed over 15 m of strike length but then dips into the hillside. Drilling was conducted to test the various parallel veins, with the bottom-most vein exhibiting massive galena and sphalerite over a width of 1 m. Assay values for the entire Sheeted Vein zone range from <0.005 to 0.477 grams per tonne (“g/t”) gold (“Au”), 1.2 to 1,511 g/t silver (“Ag”), 51 parts per million (“ppm”) to 1.7% copper (“Cu”), 122 ppm to 39.74% and 335 ppm to 22.95% zinc (“Zn”). The Saw Cut zone outcrops and has been exposed over a 40 m strike length, with shallow Shaw drill core samples showing sulphide mineralization consisting of pyrrhotite, galena, sphalerite, chalcopyrite, and pyrite in semi-massive to massive veins, stringers, and interstitials within brecciated zones and/or disseminated throughout the core. The zone is hosted in mudstone, dacite tuff, and mudstone-supported dacite lapilli-tuff containing 1 to 30% pyrite, trace to 8% sphalerite, and trace to minor galena. The Saw Cut zone is believed to belong to a gold-silver enriched VMS type mineralization like that of the famous Eskay Creek deposit. Assay values for the entire Saw Cut zone range from 0.006 to 2.886 g/t gold, <0.05 to 132 g/t silver, 33 ppm to 112 ppm copper, 316 ppm to 0.715% and 44 ppm to 5.02% zinc. Assay have been completed by MSA Labs in Langley BC, an accredited facility. The company is awaiting assay results from 2,128 metres of drilling completed in 2022 to be released over shortly.