GA Capital Corp. announce that Kimpar Resources Inc. has completed a National Instrument 43-101 (“NI 43-101″) technical report from Geoffrey S. Carter, P. Eng. of Broad Oak Associates Inc. , in respect to certain of Kimpar’s mineral exploration properties. As previously announced, GAC intends to complete a business combination with Kimpar, which if completed, is expected to constitute GAC’s qualifying transaction for purposes of Policy 2.4 of the TSX Venture Exchange Corporate Finance Manual.
Kimpar is a recently formed company engaged in the acquisition and exploration of mineral resource properties and the parallel acquisition and exploration of quarry properties for the production of dimension stone and aggregates.
Kimpar currently owns certain copper-molybdenum claims, as well as a portfolio of other mineral exploration properties including 42 claims contiguous with the former Madeleine copper mine and a block of perlite and bentonite claims at Mt. Tuzo. The company additionally owns four permitted hard-rock and aggregate quarries. All currently held properties are in the central Gaspe peninsula in the Province of Quebec.