Business
American Pacific Announces Results of Its Annual General and Special Meeting in Connection with Previously Announced Plan of Arrangement with ICG Silver & Gold Ltd.
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific" or the "Company") is pleased to announce the results of its annual general and special meeting of holders ("Shareholders") of common shares of the Company ("APM Shares") held on February 25, 2026 (the "Meeting").Shareholders voted in favour of all resolutions presented at the Meeting, including (i) the Company's previously announced...
About this update from American Pacific Mining Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific" or the "Company") is pleased to announce the results of its annual general and special meeting of holders ("Shareholders") of common shares of the Company ("APM Shares") held on February 25, 2026 (the "Meeting").","length":419,"tagName":"p"},{"type":"text","content":"Shareholders voted in favour of all resolutions presented at the Meeting, including (i) the Company's previously announced court-approved plan of arrangement (the "Arrangement") with ICG Silver & Gold Ltd. ("ICG"); (ii) the election of directors; (iii) the re-appointment of Davidson & Company LLP, Chartered Professional Accountants as auditors of the Company; and (iv) the re-approval of the Company's stock option plan.","length":458,"tagName":"p"},{"type":"text","content":"About the Arrangement ","length":21,"tagName":"p"},{"type":"text","content":"Under the terms and conditions of an arrangement agreement dated December 7, 2025, as amended on January 21, 2026 (the "Arrangement Agreement") between the Company and ICG, ICG will acquire 100% of the Tuscarora and Danny Boy projects from the Company (the "Transaction"). Pursuant to the Arrangement Agreement, ICG will acquire all of the issued and outstanding shares of Clearview Gold Inc. and American Pacific Mining (US) Inc., each a wholly-owned subsidiary of American Pacific and the registered owner of the Danny Boy and Tuscarora projects, respectively, in exchange for the issuance to the Company of 11,500,000 fully paid and non-assessable common shares in the capital of ICG (the "ICG Shares").","length":736,"tagName":"p"},{"type":"text","content":"Pursuant to the Arrangement, the Company will distribute 7,500,000 of the ICG Shares to Shareholders (the "ICG Distribution Shares") in accordance with an exchange ratio (the "Exchange Ratio") to be determined at the closing date of the Transaction (the "Closing Date") based on the number of issued and outstanding APM Shares as of the Closing Date. The ICG Distribution Shares will be distributed to Shareholders of record as of the Closing Date and the Company will retain the re...