Cambria Gold Mines plans spin-out of Mt. Margaret copper-gold deposit into Freedom Copper, eyes up to US$100 million financing
- Cambria Gold Mines outlined a proposed spin-out of the Mt. Margaret copper-gold deposit in Washington into ECC Ventures 4 via reverse takeover.
- ECC Ventures 4 would be renamed Freedom Copper; a brokered subscription-receipt financing targets up to USD 100 million at not less than USD 10 each.
- Cambria would receive 17,849,044 shares of Freedom Copper; 3,575,773 of those shares would be distributed to Cambria shareholders as return of capital.
- ECC Ventures 4 shares would be consolidated 8.5:1, leaving 754,706 shares outstanding before issuing transaction consideration shares.
- Closing is targeted for Q3 2026, subject to shareholder votes, court approval, TSXV acceptance, listing approval, financing completion, and Nebari lien releases.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cambria Gold Mines Inc. published the original content used to generate this news brief on July 07, 2026, and is solely responsible for the information contained therein.
