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Dunnedin Ventures to change name to Kodiak Copper on Wednesday, April 1

The new shares are also being consolidated on the basis of one new post-consolidation share for every five pre-consolidation shares

Dunnedin Ventures, Inc. -
Dunnedin CEO Claudia Tornquist told investors last week that 2019 had been a transitional year for the group as it refocused to copper exploration from diamonds

Dunnedin Ventures Inc (CVE:DVI) (OTCMKTS:OTCFF) has confirmed that its name change to Kodiak Copper Corp will officially take place on Wednesday, April 1.

In a statement, the copper-focused resource group said it has now received all necessary approvals and shares under the new name will start trading on Toronto's Venture Exchange under the ticker symbol 'KDK' on that date.

READ: Dunnedin Ventures to change name to Kodiak Copper Corp after closing on $3M private placement

The new shares have been consolidated on the basis of one new post-consolidation share for every five pre-consolidation shares.

Last month, when the name change and share split were announced, the firm also unveiled around a C$3 million share placing.

The firm said proceeds from the placing would be used to fund exploration on its wholly-owned, advanced-stage copper porphyry exploration projects in British Columbia and Arizona, and for general corporate purposes.

In a letter to shareholders last week, Dunnedin CEO Claudia Tornquist said 2019 was a transitional year for the group as it refocused to copper exploration from diamonds.

"We acquired two porphyry projects, MPD and Mohave, and together with our Trapper project now have a portfolio of three 100%-owned copper porphyry projects, all large scale and with immediate exploration upside," she told investors.

"Our first drill program at MPD yielded excellent results and we recently announced the best drill hole in the 50-year history of the project and the discovery of the high-grade Gate Zone.”

Tornquist said that over spring and summer of this year, the company was planning a bigger drill program at MPD to follow up on this initial success and will also start exploring the Mohave project.

Webinar on Thursday

The resource group also announced that it will host a webinar to launch Kodiak Copper and discuss its plans moving forward.

The webinar will take place on Thursday, April 2 at 11am PDT/2pm EDT. Management will be available to answer questions following the presentation.

To join the webinar register from this link: https://zoom.us/webinar/register/WN_B9jtRP1pQrOnxQQ6P83X9w

Contact the author at [email protected]

Quick facts: Kodiak Copper Corp.

Price: 1.43 CAD

TSX-V:KDK
Market: TSX-V
Market Cap: $61.01 m
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Kodiak Copper drills further high-grade copper-gold results at the Gate Zone

Kodiak Copper (CVE: KDK) CEO Claudia Tornquist joined Steve Darling from Proactive with more drill results from their MPD project in Southern British Columbia. Those result showing a significant high-grade copper-gold discovery has been made on a 75-metre step-out south of the Gate Zone...

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