Allied Copper provides Update on Stateline Option Agreement

Aug 24, 2022

Vancouver, British Columbia, Canada, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) (the “Company” or “Allied Copper”), previously announced on February 10, 2022 that the Company signed an option agreement (the “Agreement”) dated February 9, 2022 for the sole and exclusive right to acquire a 100% undivided legal and beneficial interest (subject to a 2% net smelter royalty) for the Stateline Property, CO/UT USA from Cloudbreak Discovery Plc (“Cloudbreak” (LSE: CDL), Cloudbreak Discovery Canada Ltd., Tarsis Resources US Inc. and Alianza Minerals Ltd. (“Alianza”) (TSX-V: ANZ) (collectively, the “Alliance”). The Company and the Alliance have now successfully executed an amending agreement dated August 5, 2022 with effect as of February 9, 2022, amending the Agreement to delay any security issuance by the Company under the Agreement if it would result in the creation of a new insider (as defined in TSX Venture Exchange policies). This press release is a continuation to the previous press release issued on February 10, 2022 with respect to the Agreement.

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