Bullboard - Stock Discussion Forum Cascadia Minerals Ltd V.CAM

Alternate Symbol(s): CAMNF

Metals & Mining Gold

Cascadia is a Canadian junior mining company focused on exploring for copper and gold in the Yukon and British Columbia . Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and... see more

TSXV:CAM - Post Discussion

Cascadia Minerals Ltd > Signing of Definitive Agreement with Hecla Mining Company

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Post by Betteryear2 on Apr 06, 2023 6:17am

Signing of Definitive Agreement with Hecla Mining Company

VANCOUVER, BC, April 6, 2023 /CNW/ - ATAC Resources Ltd. ("ATAC") (TSXV: ATC) (OTCQB: ATADF) is pleased to announce that further to its press release dated February 21, 2023 the Company has entered into a definitive agreement (the "Arrangement Agreement") with Hecla Mining Company ("Hecla") (NYSE:HL) whereby Hecla will acquire all of the issued and outstanding shares of ATAC for consideration payable in shares of Hecla and in shares of a new exploration company, named Cascadia Minerals Ltd. ("Cascadia") (the "Transaction"). The consideration will consist of 0.0166 common shares in the capital of Hecla and 0.1 common shares in the capital of Cascadia for each one ATAC common share held (the "Transaction Consideration"). The Hecla shares to be received by ATAC shareholders represent a value of C$0.14 per ATAC share held based on Hecla's 5-day volume-weighted average trading price ending April 3, 2023.

ATAC Resources Ltd. Announces Signing of Definitive Agreement with Hecla Mining Company (newswire.ca)

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