Cardero definition

Cardero means Cardero Resource Corp., a company incorporated and existing under the laws of British Columbia;

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Cardero means Cardero Resource Corp., a corporation existing under the BCBCA.

Cardero or the “Company”) (TSXV: CDU, Frankfurt: CR5), is pleased to announce that it has entered a letter agreement with World Copper Ltd. (“WCU”) dated April 13, 2021 (the “Letter Agreement”) to combine the businesses of the two companies (the "Proposed Transaction"). Completion of the Proposed Transaction is subject to board approvals by both companies and shareholder approval for Cardero, and the satisfaction of certain other conditions discussed below. Under the terms of the Proposed Transaction, WCU would acquire all of the outstanding common shares of Cardero in consideration of the issuance of common shares of WCU such that upon the completion of the Proposed Transaction, the number of WCU shares held by former shareholders of Cardero, on a non- diluted basis, will be 40% with the remaining 60% held by the existing shareholders of WCU. Cardero’s principal asset is the 100%-owned ▇▇▇▇▇ copper oxide project ("▇▇▇▇▇") located in central Arizona. A preliminary economic assessment for the ▇▇▇▇▇ was completed by as prepared by Global Resource Engineering Ltd. ("GRE") of Denver, Colorado) in 2018. WCU’s principal assets are the Escalones and Cristal copper projects located in Chile.

Examples of Cardero in a sentence

Cardero Resource Corp., headquartered in Vancouver, is a resource company focused on building a minerals exploration and development company.
Cardero completed a Preliminary Economic Assessment (“PEA”) published in April 2018 which outlines a mine plan and a chosen development route that will allow permitting to be done on private land thereby reducing the time line for permitting.
Cardero has exercised the exclusive option to acquire a 100% interest in the ▇▇▇▇▇ Copper Oxide Project, located in Arizona.
Coalhunter acknowledges that it is not currently engaged in any discussions or negotiations with any parties (other than Cardero) in connection with any proposal that constitutes, or may reasonably be expected to constitute, a Competing Offer or an Alternative Company Transaction and that it will not solicit from any parties a Competing Offer or Alternative Company Transaction in breach of this Agreement.
Notices to the Corporation shall be addressed to: Cardero Resource Corp.
To the extent that the withheld amount may be reduced (e.g., based on paragraph 153(1.01)(a) of the Tax Act) as permitted under applicable tax law, Coalhunter, Cardero and the Depositary, as the case may be, shall, acting reasonably, withhold on the lower amount.
As soon as practicable but in any event not later than April 25, 2011, Cardero will prepare the Cardero Circular and subject to the issuance of the Interim Order will convene the Cardero Meeting and mail the Cardero Circular to its shareholders.
Notwithstanding the foregoing, if it appears to Cardero that it would be contrary to applicable law to issue Cardero Shares pursuant to the Arrangement to a person that is not a resident of Canada, the Cardero Shares that otherwise would be issued or transferred, as the case may be, to that person will be issued or transferred, as the case may be, and delivered to the Depositary for sale or exercise (as applicable) by the Depositary on behalf of that person.
Coalhunter shall (i) keep Cardero fully informed of the status including any change to the material terms of any such Competing Offer or a proposal regarding an Alternative Company Transaction or inquiry and (ii) provide to Cardero as soon as practicable after receipt or delivery thereof with copies of all correspondence and other written material sent or provided to it from any Person in connection with any Competing Offer or a proposal regarding an Alternative Company Transaction.
The Cardero Shares delivered to the Depositary will be pooled and sold or exercised as soon as practicable after the Effective Date, on such dates and at such prices as the Depositary determines in its sole discretion.

More Definitions of Cardero

Cardero means Cardero Resource Corp., a company incorporated under the BCBCA. "CIM" means the Canadian Institute of Mining, Metallurgy and Petroleum.

Cardero or the “Company”) (TSXV: CDU, Frankfurt: CR5), is pleased to announce that it has entered an amending agreement dated June 4, 2021 (the “Amending Agreement”) to the letter agreement dated April 13, 2021 entered into with World Copper Ltd. (“WCU”) intending to merge the businesses of the two companies (the "Proposed Transaction"). (See press release dated April 20, 2021). As previously announced, under the terms of the Proposed Transaction, WCU would acquire all of the outstanding common shares of Cardero in consideration of the issuance of common shares of WCU such that upon the completion of the Proposed Transaction, the number of WCU shares held by former shareholders of Cardero, on a non-diluted basis, will be 40% with the remaining 60% held by the existing shareholders of WCU. The Amending Agreement extends the date by which the parties are to enter into a definitive agreement (the “Definitive Agreement”) reflecting the terms of the Proposed Transaction to June 30, 2021. In addition, the Amending Agreement no longer requires Cardero to effect a voluntary desilting of its shares from the TSX Venture Exchange (“TSXV”) in advance of the Proposed Transaction. The Amending Agreement also confirms Cardero’s issuances of new bonus warrants and extension of the maturity and restructuring (the “Loan Restructuring”) of $2,329,163 in loans (the “CDU Loans”) to entities controlled by director ▇▇▇▇▇▇ ▇▇▇▇▇▇ (the “Kopple Entities”) which loans will be assumed by WCU upon completion of the Proposed Transaction. (See press release dated May 31, 2021) In addition, the Amending Agreement contemplates that upon closing of the Proposed Transaction, WCU will grant to ▇▇▇▇▇▇ ▇▇▇▇▇▇ or a ▇▇▇▇▇▇ Entity, the option to acquire a 1% net smelter returns royalty on the ▇▇▇▇▇ copper oxide project. The royalty option will be exercisable by the holder thereof at a price of approximately $1.41 million and may be repurchased by WCU. Pursuant to the Letter Agreement, WCU is to complete a financing of not less than $10 million for the merged entity (the “WCU Financing”), which financing is not to impact the ratios in the Proposed Transaction. The Amending Agreement contemplates that the aggregate proceeds of the WCU Financing shall be an amount by which when combined with the proceeds of the royalty option, shall be at least $10 million. The Proposed Transaction requires the favourable vote of 66 2/3% of the votes cast by Cardero shareholders, as well as a majority of the minority shareh...

Cardero or the “Company”) (TSXV: CDU, Frankfurt: CR5), is pleased to announce that, further to its press release dated April 20, 2021 and June 9, 2021 it has entered into a definitive arrangement agreement dated September 17, 2021 (the “Arrangement Agreement”) with World Copper Ltd. (“WCU”) and 1302172 B.C. Ltd. (“Subco”), a wholly owned subsidiary of WCU created for the purposes of completing the Proposed Transaction, in respect of the proposed merger of Cardero and WCU (the "Proposed Transaction"). Under the terms of the Arrangement Agreement, the Proposed Transaction will be completed by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia), whereby: