On March 31, 2014, a special meeting of the shareholders of Placer Creek
Mining Company was held in Post Falls, Idaho: (1) to approve the
Company’s distribution to its shareholders of all of the Company’ shares
of stock in its two subsidiaries, Evolution Mining Company and Placer
Creek Asset Management, Inc.; and (2) to approve the consolidated merger
agreement between the Company, Placer Creek of Nevada, Inc., and Digi
Outdoor Media, Inc. pursuant to which both the Company and Digi Outdoor
Media would merge with and into Placer Creek of Nevada, with Placer
Creek of Nevada being the surviving entity.
Both the proposal for the distribution of shares and the merger
agreement were approved by shareholders owning [16,541,392] shares of
the Company’s stock, representing [82.7]% of the shares entitled to
vote. Pursuant to the signed merger agreement, the distribution of the
subsidiary shares and completion of the merger is to be completed by May
19, 2014.
About Placer Creek Mining Company
Placer Creek Mining Company, an Idaho corporation, locates and develops
mineral properties located principally in the Coeur d’Alene Mining
District of Idaho. The Company’s properties are currently under lease
for future potential exploration. During the past several years, the
Company’s activities have been confined to the leasing of its mining
properties and general and administrative functions.
About Digi Outdoor Media, Inc.
Digi Outdoor Media, Inc., a Nevada corporation, is an outdoor digital
advertising and media company that intends to lease advertising space on
its digital sign network to Fortune 500 companies and influential policy
groups. The advertising is to be sold through third parties as well as
some direct sales by the company. The signage will be located in high
visibility traffic areas in desirable metropolitan areas attractive to
large budget advertisers. The Company will employ the latest in
technology to provide proactive advertising to reach potential customers
based on time, date and message to maximize exposure to the advertisers’
audiences. Initially, the company will install, operate and manage
approximately 80 to 100 indoor and outdoor sign locations that are being
secured by lease and other agreements. This concept is intended to be
duplicated in other major markets throughout the US and worldwide.
Cautionary Language Concerning Forward-Looking Statements.
This release contains “forward-looking statements” that include
information relating to future events and future financial and operating
performance. The words “may,” “would,” “will,” “expect,” “estimate,”
“intends,” “believe” and similar expressions and variations thereof are
intended to identify forward-looking statements. Forward-looking
statements should not be read as a guarantee of future performance or
results, and will not necessarily be accurate indications of the times
at, or by, which that performance or those results will be achieved.
Forward-looking statements are based on information available at the
time they are made and/or management’s good faith belief as of that time
with respect to future events, and are subject to risks and
uncertainties that could cause actual performance or results to differ
materially from those expressed in or suggested by the forward-looking
statements.
Copyright Business Wire 2014