RE:RE:3 Amigos Looking Good-Yes you should.
As long the transaction is not complete you should get your share of Stinger.
The vote is on the 3 of december .
Call Kelvin or email him he will advise better then us on this mater.
For further information please contact Kelvin Burton at: Phone: 403 752-4040; or, Email: info@americancreek.com. The spinout transaction will be effected pursuant to the arrangement provisions of the Business Corporations Act (British Columbia) and must be approved by the Supreme Court of British Columbia and by the affirmative vote of two-thirds (2/3) of American Creek's shareholders in attendance at a shareholders' meeting to be held on December 3, 2020 (the "Meeting").
Under the Arrangement, the Company's current shareholders will receive Stinger common shares by way of a share exchange, pursuant to which each existing common share of the Company will be exchanged for one new American Creek common share (each, a "New American Creek Share") and 0.11973 of a Stinger share. Holders of American Creek options and warrants will also be entitled to receive one New American Creek Share and 0.11973 of a Stinger share on exercise of each option and warrant. On completion of the Arrangement, American Creek shareholders, option holders and warrant holders will maintain their interest in American Creek and will acquire a proportionate interest in Stinger. Upon completion of the Arrangement it is intended that Stinger will have 45,000,000 common shares issued and outstanding. American Creek currently has 375,851,109 issued and outstanding common shares. If this number changes prior to completion of the Arrangement, which may occur if outstanding warrants or options are exercised, then the fraction 0.11973 referred to above will adjusted so that it is the fraction calculated by dividing 45,000,000 by the number of outstanding American Creek shares immediately prior to the effective time of the Arrangement.
Completion of the Arrangement is subject to a number of conditions, including the following:
- American Creek shareholder approval at the Meeting;
- The approval of the Supreme Court of British Columbia;
- TSXV approval for the Arrangement by American Creek; and,
- TSXV approval for the listing of the Stinger shares upon completion of the Arrangement.