OTCPK:DJACF - Post by User
Post by
sueronon Oct 27, 2016 9:57am
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SG Spirit back trading.GLTA
SG Spirit back trading.GLTA
SG Spirit drops ArcScan merger, to focus on Purcell
2016-10-25 14:17 ET - News Release
Shares issued 2,593,382
Mr. Richard Grayston reports
SG SPIRIT PROVIDES UPDATE ON ARCSCAN TRANSACTION
SG Spirit Gold Inc. has provided the following update. The definitive agreement and plan of merger entered into between the company and ArcScan Inc. have now expired and will not be further extended. In connection with the proposed acquisition of ArcScan, no funds were advanced to ArcScan or any of its related parties, and the company did not assume any contingent liabilities or guarantees. For further information concerning the definitive agreement and plan of merger entered into with ArcScan, readers are encouraged to review the company's news release of May 26, 2016.
At this time, the company anticipates continuing geophysical survey work on the company's wholly owned Purcell LOV property located in the east Kootenay region of British Columbia. For further information regarding the survey program, readers are encouraged to review the company's news release of Feb. 9, 2016.
Effective at the opening of the market on Thursday, Oct. 27, 2016, trading of the company's common shares will resume on the TSX Venture Exchange.
We seek Safe Harbor.