TORONTO, ONTARIO (January 21, 2015) – Cogonov Inc. ("Cogonov" or the "Company") announces it has acquired 100% of Minotaur Atlantic Exploration Limited (“Minotaur Atlantic”) from Minotaur Exploration Ltd of Australia (“Minotaur Australia”).
Minotaur Atlantic holds an option on certain claims in the Copper Lake district of Cogonov’s IOCG exploration project in Nova Scotia, Canada. Cogonov purchased Minotaur Atlantic through a payment of common shares of Cogonov to a subsidiary of Minotaur Australia. Minotaur Australia, through a subsidiary, has been a shareholder of Cogonov since early 2014
“Cogonov’s Management is very excited to enhance & strengthen our Partnership with Minotaur Exploration Ltd. This transaction will allow us to solidify the entire Copper Lake Property Block and strategically position our shareholders, Cogonov & Minotaur for potential enhanced returns. This transaction & consolidation demonstrates both Minotaur & Cogonov’s commitment to success in Nova Scotia for many years to come.” said PJ Cruickshank, MBA, President & CEO.
Tony Belperio, Minotaur’s Director of Business Development, commenting on the transaction said “We are pleased to assist Cogonov given their commitment to exploration in the Nova Scotia IOCG belt as any discovery will be mutually beneficial”.
Cogonov Inc. is a private resource company based in Toronto, Ontario. Cogonov’s focus is the exploration and development of Iron-Oxide-Copper-Gold (IOCG) properties situated along the Cobequid Chedabucto Fault Zone (CCFZ), Nova Scotia. Cogonov has been working with Minotaur since 2013 on all projects, utilizing their geophysical expertise in IOCG exploration.
Patrick J. Cruickshank, MBA
President & CEO