Miocene Metals (MII:TSXV) offers exceptional discovery potential within an area close to existing infrastructure in southwestern BC.
Miocene Metals was founded in 2010, to acquire and explore Wallbridge’s BC properties, and completed its IPO and listing on the TSXV in August 2011. Miocene is modelled after Wallbridge Mining’s (WM:TSX) successful spinout of Duluth Metals (DM:TSX).
Miocene Metals completed its IPO and began trading on the TSX Venture Exchange on August 9, 2011.
Since the initial discovery of copper mineralization at Rogers Creek in 2008, and the recognition of the under-explored mineral potential within the BC portion of the Cascade Magmatic Arc, Miocene has identified large porphyry style copper-gold alteration/mineralization systems on its MacKenzie and Rogers Creek properties, and confirmed the presence of a 15 kilometre trend of molybdenum occurrences on its Salal property.
On November 29, 2013 Miocene Metals announced a planned Reverse Take Over ("RTO
") transaction merger with Carube Resources Inc. On April 29, 2014 Miocene received conditional TSX Venture Exchange (the "Exchange
") approval for the RTO transaction with Carube. Under the terms of the transaction, Miocene will undergo a share consolidation on a 10:1 basis and then issue additional common shares resulting from the acquisition of all of Carube’s outstanding securities and from related transactions. Carube shareholders will own the majority of the Resulting Issuer. The terms of the RTO are fully described in Miocene’s information circular dated April 29, 2014 (the "Information Circular
"). The Information Circular is available under Miocene’s profile on SEDAR (www.sedar.com
) and under the tab Notice and Access on this website. Information on Carube is also available on their website www.caruberesources.com/