Mountain Lake Announces Proposed RTO Business Combination with Late Stage ACMPR Applicant Owner 1151024 B.C. Ltd, and Spin-Out of Mining Assets
Wolfville, Nova Scotia (FSCwire) - Mountain Lake Minerals Inc. (CSE:MLK) (“Mountain Lake” or the “Company”) is pleased to inform its shareholders that Management has signed a letter of intent (“LOI”) which generally record the terms of a proposed business combination whereby the Company would acquire 1151024 B.C. Ltd. (“1151024 B.C.”) (the “Transaction”) and complete a spin-out of its mining assets to its existing shareholders (the “Spin Out”).
Executive Chairman Bill Fleming comments, “This is a good day for Mountain Lake as it provided a significant path forward and represents a major opportunity to grow the newly established company.”