Northwire Canada EditionFriday, July 17, 2026
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Financings

First and Goal signs definitive deal for Copper Bullet

FGCC · Price

Executive Summary

  • First and Goal Capital Corp. (F&G) entered into a definitive business combination agreement with Copper Bullet Mines Inc. (CBMI) to complete a reverse‑takeover that will serve as F&G’s qualifying transaction on the TSX‑V.
  • Upon amalgamation, CBMI shareholders will receive one post‑consolidation F&G share per CBMI share; F&G will subsequently consolidate its shares 1.108 : 1 and rename the combined entity (proposed name “Coyote Copper Mines Inc.”).
  • CBMI disclosed recent high‑grade copper sampling results from its Gibson, West Gibson, and Santa Ana Canyon areas and announced an oversubscribed private‑placement financing of ~$738k plus a planned additional placement of at least $750 k at $0.14 per unit (each unit = 1 common share + ½ warrant).

Key Details

  • Transaction Structure
  • Definitive Business Combination Agreement dated Sept. 30, 2025.
  • Reverse takeover: CBMI will merge with a wholly‑owned subsidiary of F&G; the amalgamated company will be listed on the TSX‑V.
  • Share exchange: 1 post‑consolidation F&G share for each CBMI common share held.
  • Post‑closing share consolidation: 1.108 pre‑consolidation F&G shares → 1 post‑consolidation share.
  • Anticipated name change to “Coyote Copper Mines Inc.” (or other name determined by CBMI).

  • Shareholder Approvals

  • Shareholders will be asked to approve the consolidation, name change, and related matters at an annual/special meeting expected in Nov. 2025.
  • No arm‑length concerns; no insider or promoter of F&G holds material equity in CBMI prior to the transaction.

  • Option & Warrant Treatment

  • All outstanding F&G stock options and agent warrants will remain in effect on a post‑consolidation basis with substantially unchanged terms, per TSX‑V policies.

  • Technical Update – Sampling Results (August 2025)

  • West Gibson zone: 4 grab samples from historic ore piles; Cu grades 10–22 % and Ag 10.6–69.3 ppm.
  • Gibson area (10 samples): Cu 0.091–22.41 % (average 6.87 %); Ag up to 69.3 ppm (average 15.6 ppm).
  • Santa Ana Canyon: 30 chip samples over 41.05 m measured width; Cu 0.0881–1.379 % (average 0.3564 %); Mo 0.0006–0.1233 % (avg 0.0085 %); Ag avg 0.75 ppm.
  • Sampling conducted under Mineoro QA/QC protocols; analysis by four‑acid digestion and ICP‑MS at American Assayers Laboratories.

  • Financing Details

  • Completed oversubscribed private placement: gross proceeds ≈ $738,000 via issuance of CBMI common shares and warrants. Participants included Paul G. Smith and Daiana Turcu (directors of F&G).
  • Planned additional private placement: minimum gross proceeds $750,000 at $0.14 per unit; each unit = 1 common share + ½ warrant.
  • Warrant terms: full warrant exercisable at $0.20 per share for 36 months; may be accelerated upon receipt of drill permits with a 30‑day exercise window after acceleration notice.

  • Qualified Person

  • Dr. Michael N. Feinstein, PhD, CPG – qualified person under NI 43‑101 – reviewed and approved all scientific and technical disclosures in the release.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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