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Building A Mid-Tier African Copper Producer

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2016

Kombat Copper Announces Resignation of Board Member

19 October 2016 by lftfield

Kombat Copper Inc. (the “Company” or “Kombat Copper”) (TSX VENTURE:KBT) announces the resignation of Mr. Knowledge Katti as a director of the Company, effective immediately.
The Company would like to thank Mr. Katti for his contributions to the Company.

About Kombat Copper
Kombat Copper is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place with significant upside. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountain lands, an area of Namibia particularly known for its high-grade copper deposits. Within these licenses are three past producing mines including the Company’s flagship property, the Kombat Mine.

Cautionary Notes:
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements the composition of the board of directors of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Kombat Copper, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry.

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 RELEASE.

Filed Under: 2016, News

Kombat Copper Announces Conversion of Subscription Receipts and AGM

16 September 2016 by lftfield

Kombat Copper Inc. (KBT) (“Kombat Copper” or the “Company”) is pleased to announce that in connection with its previously announced private placement (the “Offering”), the 3,250,000 subscription receipts issued to Routemaster Capital Inc. (formerly Rodinia Lithium Inc.) (“Routemaster”) have been converted into 3,250,000 common shares in the capital of the Company (the “Shares”) and 3,250,000 common share purchase warrants (the “Warrants”).

Each Warrant entitles Routemaster to acquire one Share (a “Warrant Share”) at a price of $0.13 per Warrant Share at any time on or before September 16, 2019, subject to an acceleration provision. If after the expiry of the statutory hold period, the Shares trade at $0.30 or higher on the TSX Venture Exchange, on a volume weighted average basis for a period of 30 consecutive days, Kombat Copper shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after Kombat Copper issues a news release announcing that it has elected to exercise the acceleration right.

The gross proceeds of the Offering in the amount of $260,000 have been released from escrow to the Company. The Company intends to use the net proceeds from the Offering for general corporate purposes.

The Offering is subject to final approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four month and one day hold period expiring on January 17, 2017.

Annual and Special Meeting of Common Shareholders
The Company has called its annual and special meeting of common shareholders (the “Meeting”) for Thursday, October 13, 2016 at 10:00 a.m. (Toronto time). The Meeting will be held at the Company’s head office at 65 Queen Street West, 8th floor boardroom, Toronto, Ontario M5H 2M5. Among other matters which may duly come before shareholders, the Company proposes that shareholders consider and approve a share consolidation (the “Consolidation”) on the basis of one new common share of the Company (each, a “New Share”) for up to every ten existing common shares of the Company (each, an “Existing Share”), or such lower number of Existing Shares as may be determined by the Board of Directors of Kombat Copper and as may be required to obtain approval of the Consolidation from the TSX Venture Exchange.

The principal effects of the Consolidation will be that the number of Shares of the Company issued and outstanding will be reduced from 156,259,547 Existing Shares as of September 16, 2016 to approximately 15,625,954 New Shares, assuming a consolidation ratio of 10 to 1.

The expected benefits of the Consolidation include improved trading liquidity from lower transaction costs, great investor interest as well as reduced future dilution from the ability to raise additional capital at a higher price per Share. Additional benefits of the Consolidation, as well as the procedure for implementing the Consolidation and the full text resolution approving the Consolidation may be found in the Company’s management information circular dated September 14, 2016 (the “Circular”) that is being mailed to shareholders and may be found under the Company’s profile on SEDAR. The Consolidation remains subject to shareholder approval and acceptance by the TSX Venture Exchange.

About Kombat Copper
Kombat Copper is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place with significant upside. The Company continues to hold an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits. Within these licenses are three past-producing mines including the Company’s flagship property, the Kombat Mine.

Cautionary Notes
This news release may contain forward-looking statements. These statements include statements regarding the use of proceeds of the Offering, the Meeting and the impact of the Consolidation. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as 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 release.

Kombat Copper Inc. Stephan Theron President & CEO +1 (416) 722-6744 info@kombatcopper.com www.kombatcopper.com

Filed Under: 2016, News

Kopper Combat Closes Private Placement Financing

5 July 2016 by lftfield

Kombat Copper Inc. (TSX-V: KBT) (“Kombat Copper” or the “Company”) has closed the previously announced non-brokered private placement pursuant to which it has issued 3,250,000 subscription receipts (“Subscription Receipts”) to Rodinia Lithium Inc. (“Rodinia”) at a price of $0.08 per Subscription Receipt for gross proceeds of $260,000 (the “Offering”).

The gross proceeds of the Offering will be held in escrow until the following conditions are met:

  • The common shareholders of Rodinia approve Rodinia’s proposed change of business to a tier 2 investment company under the rules of the TSX Venture Exchange (“Proposed COB”) at a meeting of the common shareholders of Rodinia scheduled to be held on August 11, 2016 (the “Rodinia Shareholders’ Meeting”); and
  • The TSX Venture Exchange granting Rodinia final approval of the Proposed COB.

Upon completion of the conditions precedent, each Subscription Receipt will entitle the holder to acquire, automatically and without any additional payment, one common share of Kombat Copper (a “Share”) and one common share purchase warrant (a “Warrant”). If the conversion of the Subscription Receipts does not occur on or before 10 business days after the Rodinia Shareholders’ Meeting is held, Rodinia will be entitled to a return of its full subscription price.

Each Warrant will entitle Rodinia to acquire one Share (a “Warrant Share”) at a price of $0.13 per Warrant Share at any time on or before the date that is three years from the date of issue of the Warrants, subject to an acceleration provision whereby if after the expiry of the statutory hold period, the Shares trade at $0.30 or higher on the TSX Venture Exchange, on a volume weighted average basis for a period of 30 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.
The Subscription Receipts and the underlying securities will all be subject to a four month statutory hold period. The proceeds are intended be used for general corporate purposes.

[embeddoc url=”https://www.trigonmetals.com/site/wp-content/uploads/2011-07-05_KBT_PR_Subscription_financing_Close_FINAL.pdf” download=”all”]

Filed Under: 2016, News

Kombat Copper Announces Private Placement Financing

27 June 2016 by lftfield

Kombat Copper Inc. (TSX-V: KBT) (“Kombat Copper” or the “Company”) announces that it has entered into a subscription agreement with Rodinia Lithium Inc. (“Rodinia”) for Rodinia to subscribe for, on a non-brokered private placement basis, 3,250,000 subscription receipts (“Subscription Receipts”) at a price of $0.08 per Subscription Receipt for gross proceeds of $260,000 (the “Offering”).

Each Subscription Receipt will entitle the holder to acquire one common share of Kombat Copper (a “Share”) and one common share purchase warrant (a “Warrant”) automatically without any additional payment upon the completion of the following conditions:

  • The common shareholders of Rodinia approving Rodinia’s proposed change of business to a tier 2 investment company under the rules of the TSX Venture Exchange (“Proposed COB”) at a meeting of the common shareholders of Rodinia to be called to approve the Proposed COB (the “Rodinia Shareholders’ Meeting”); and
  • The TSX Venture Exchange granting Rodina final approval of the Proposed COB.

Each Warrant will entitle Rodinia to acquire one Share (a “Warrant Share”) at a price of $0.13 per Warrant Share at any time for before the date that is three years from the date of issue, subject to an acceleration provision whereby in the event that at any time after the expiry of the statutory hold period, the Shares trade at $0.30 or higher on the TSX Venture Exchange, on a volume weighted average basis for a period of 30 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.

The gross proceeds from the Offering will be held in escrow pending satisfaction or waiver of the conditions precedent. If the conversion of the Subscription Receipts does not occur on or before 10 business days after the Rodinia Shareholders’ Meeting is held, Rodinia will be entitled to a return of its full subscription price.

The Subscription Receipts and the underlying securities will all be subject to a four month statutory hold period.

Closing of the Offering is expected to occur on or about June 30, 2016 and remains subject to a number of conditions, including without limitation, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The proceeds from the Offering will be used for general working capital purposes.

[embeddoc url=”https://www.trigonmetals.com/site/wp-content/uploads/2011-06-27_KBT_PR_Subscription_financing_FINAL.pdf” download=”all”]

Filed Under: 2016, News

Kombat Copper Strengthens Management Team with Appointment of Stephan Theron as President and CEO

22 June 2016 by lftfield

Kombat Copper Inc. (TSX-V: KBT) (“Kombat Copper” or the “Company”) today announces that it has appointed Stephan Theron as President and CEO of Kombat Copper. Paul Bozoki will return to his role as CFO and Heidi Gerry will resume her role as Corporate Controller. Mr. Theron will also join the board of directors of Kombat Copper (the “Board”) replacing Mr. Bozoki.

Mr. Theron brings to Kombat Copper 17 years of extensive management, capital project development and M&A experience within the mining industry. Prior to joining Kombat Copper, Mr. Theron was Managing Director at Liberty Metals & Mining, a private equity group based in Boston, Massachusetts. Mr. Theron was also a strategic member on the board of directors of True Gold Mining. Prior to his work in Boston, Stephan was President & CEO at Forbes & Manhattan Coal Corp., based in Toronto. While he worked at Forbes Coal, he led the acquisition, restructuring and development of two coal mines in South Africa. He has structured numerous mining focused investments and has worked on mining projects throughout Africa and North America. Mr. Theron holds two degrees in Finance and is a Certified General Accountant.

Justin Reid, Executive Chairman of Kombat Copper commented: “The Board of Kombat Copper is pleased to welcome Stephan as our new President and CEO. Stephan’s extensive operational and African-focused experience, coupled with his detailed knowledge of project funding and investing will act to not only strengthen our core group, but position the Company as we advance through our previously announced mid-term initiatives and ultimately move back towards full scale production. We have a lot of work to do, and we believe Stephan is the right person to lead us. The Board would also like to thank Paul Bozoki, who will be returning to his role as CFO. Paul skillfully stepped in as CEO as we worked on our final restructuring plan.”

Stephan Theron, President and CEO of Kombat Copper, commented: “I am pleased to join Kombat Copper at an important time in the copper price cycle. The Kombat Mine is very well positioned to act as a platform for future growth in Africa and potentially beyond. I’m looking forward to getting started, further enhancing the team’s strength and implementing the mine development strategy.”

In connection with Mr. Theron’s appointment, the Company has granted Mr. Theron 1,500,000 stock options in accordance with the Company’s stock option plan. The options have an exercise price of $0.05 and will expire five years from the date of grant. The options will vest immediately. The grant of options remains subject to the approval of the TSX Venture Exchange.

[embeddoc url=”https://www.trigonmetals.com/site/wp-content/uploads/2016-06-22_KBT_PR_CEO_STheron_FINAL_DRAFT.pdf” download=”all”]

Filed Under: 2016, News

Kombat Copper Provides Update On Mill Refurbishment

31 May 2016 by lftfield

Kombat Copper Inc. (TSX-V: KBT) (“Kombat Copper” or the “Company”) and its management team are pleased to provide its shareholders with the following update on EBM Mining Namibia’s progress at the Kombat Mine site.

Plant Refurbishment and Mining Update

Kombat Copper previously reported that refurbishment activities have been progressing well. This status continues and EBM has reported that they have successfully reached an agreement to acquire a surplus mill from a major African mining company located in close proximity to Kombat’s operations. With this acquisition, all the necessary major components needed for refurbishing and restarting the Kombat mill have been secured. EBM is now completing a full technical assessment of the facility.

As Kombat has advised in previous releases, mining will initially commence at Gross Otavi and is on track to start during June. Ore will be stockpiled until the mill is operational.

Aggregate Byproduct Opportunities

Kombat Copper has determined that selling and distributing aggregate and sand byproducts from mining processes continue to be an important opportunity for the Company. With that in mind, the scope of EBM’s mining contractor agreement has been expanded to assist the Company with selling its waste rock as construction aggregate. Two opportunities are currently being evaluated, to sell aggregate for a housing development and as railroad ballast. Management expects to have further details on these potential byproduct sale agreements mid-way through the third quarter.

Offtake Agreement Update

Discussions are in progress with several groups for copper and lead concentrate offtake agreements. Management is aiming to conclude agreements during the third quarter.

Paul Bozoki, President and CEO of Kombat Copper, commented: “I am very pleased to report that the refurbishment of the mill and preparations at the mine site are moving along as planned. The management team is preparing for a very exciting third quarter as we move closer to getting the Kombat Mine back into production.”

[embeddoc url=”https://www.trigonmetals.com/site/wp-content/uploads/2016-05-31_KBT_PR_site_update.pdf” download=”all”]

Filed Under: 2016, News

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