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Copper One to change business, delist from TSX Venture Exchange

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Copper One to change business, delist from TSX Venture Exchange

Copper One Inc. will delist from the TSX Venture Exchange as part of a plan to become an investment firm, it said March 19.

The company was battling the Quebec government in early 2017 over the suspension of its claims at the early-stage Riviere Dore copper project.

The two parties eventually agreed to a settlement that saw the company give up its project claims to SOQUEM Inc. in exchange for a C$8 million payment from the government. Soquem is a subsidiary of Ressources Quebec, which is a subsidiary of Investissement Quebec.

Copper One did not relay any plans for the Las Morras gold project in Spain. It secured an option on the property in late 2017 from Emerita Resources Corp.

The company also appointed Fred Leigh to its board to replace Thomas Olesinski, who resigned.