RE:RE:RE:RE:RE:RE:RE:RE:Something to consider regarding M&A vote Just as a reminder seeing as it is on Friday, June 23:(two days away)
VANCOUVER, BC, May 25, 2023 /CNW/ - ATAC Resources Ltd. ("ATAC") (TSXV: ATC) (OTCQB: ATADF) is pleased to announce the mailing of an information circular (the "Circular") prepared in connection with the special meeting of ATAC securityholders to be held on June 23, 2023 at the offices of Stikeman Elliott LLP, Suite 1700, 666 Burrard Street, Vancouver, BC, V6C 2X8 at 10:00 a.m. (Vancouver Time) (the "Meeting").
At the meeting, ATAC's securityholders will be asked to consider and approve the proposed acquisition of all of the issued and outstanding common shares of ATAC by Hecla Mining Company ("Hecla") (NYSE:HL) by way of a plan of arrangement (the "Arrangement") announced on April 6, 2023. Pursuant to the Arrangement, ATAC's shareholders will receive, for each ATAC share held at the effective time of the Arrangement, consideration consisting of: (i) 0.0166 shares of Hecla common stock; plus (ii) 0.100 shares of Cascadia Minerals Ltd., a new company formed to hold ATAC's rights and interests with respect to the Catch, Pil, Rosy and Idaho Creek properties. For further information on the Arrangement, please refer to the Circular.