Spin out coming soon VANCOUVER, April 25, 2018 /CNW/ - (TSXVE: BCK) – Blind Creek Resources Ltd. ("Blind Creek" or the "Company") reports the Company has received conditional approval from the TSX Venture Exchange Inc. (TSX.V) for a Plan of Arrangement (the "Arrangement") under which the Company proposes to transfer a 100% interest in its Engineer Gold Mine Project to Engineer Gold Mines Ltd. ("Engineer Gold"), a newly incorporated wholly-owned subsidiary in exchange for shares of Engineer Gold which will be distributed to shareholders of the Company on the basis of one share of Engineer Gold for each two shares of the Company held.
The Company also reports that a Notice of Special Meeting has been set for May 22nd, 2018 for shareholder approval of the Arrangement. The proposed reorganization is subject to shareholder approval by resolution approved by not less than 66 2/3 % of votes cast.
Get your shares now... trust me