Business
ICG Silver & Gold Ltd. Announces Approval of Arrangement by American Pacific Shareholders, Closing of Oversubscribed Subscription Receipt Financing, and Launch of Unit Offering
Toronto, Ontario--(Newsfile Corp. - February 26, 2026) - ICG Silver & Gold Ltd. ("ICG" or the "Company") is pleased to announce that shareholders of American Pacific Mining Corp. ("APM") have approved the previously announced plan of arrangement (the "Arrangement") pursuant to which ICG will acquire a 100% interest in the Tuscarora District located in Elko County, Nevada. ICG will now look to complete its listing application with the Canadian Securities Exchange (the "CSE") over the coming...
About this update from American Pacific Mining Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - February 26, 2026) - ICG Silver & Gold Ltd. ("ICG" or the "Company") is pleased to announce that shareholders of American Pacific Mining Corp. ("APM") have approved the previously announced plan of arrangement (the "Arrangement") pursuant to which ICG will acquire a 100% interest in the Tuscarora District located in Elko County, Nevada. ICG will now look to complete its listing application with the Canadian Securities Exchange (the "CSE") over the coming weeks.","length":555,"tagName":"p"},{"type":"text","content":"The Company also confirms that it has closed its previously announced subscription receipt financing (the "Subscription Receipt Financing") announced on January 29, 2026. Furthermore, because of strong investor interest, ICG has launched a subsequent non-brokered unit offering (the "Unit Offering") on the same terms as the Subscription Receipt Financing to top-up cash reserves in support of a Phase 1 exploration program planned for Q2 2026 after the public listing is complete.","length":501,"tagName":"p"},{"type":"text","content":"Approval of Arrangement","length":23,"tagName":"p"},{"type":"text","content":"At the special meeting of shareholders of APM on February 25, 2026, shareholders approved the Arrangement. Completion of the Arrangement remains subject to customary closing conditions, including final court approval and receipt of all required regulatory approvals, including approval of the CSE. APM will seek a final order (the "Final Order") of the Supreme Court of British Columbia (the "Court") to approve the Arrangement on February 27, 2026.","length":469,"tagName":"p"},{"type":"text","content":"Closing of Oversubscribed Subscription Receipt Financing","length":56,"tagName":"p"},{"type":"text","content":"The Company is pleased to announce it has upsized and completed its non-brokered Subscription Receipt Financing through the issuance of 7,979,426 subscription receipts at a price of $0.35 per Subscription Receipt for aggregate gross proceeds of $2,792,799.10.","length":259,"tagName":"p"},{"type":"text","content":"Each Subscription Receipt will automatically convert into one unit (each a "Unit") of the Company upon satisfaction of escrow release conditions, including complet...