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ATAC Resources Ltd. Announces Mailing of Special Meeting Circular
ATAC Resources Ltd. Announces Mailing of Special Meeting Circular Canada NewsWire ...
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[{"type":"text","content":"\n \n \n \n ATAC Resources Ltd. Announces Mailing of Special Meeting Circular\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 25, 2023\n \n \n /CNW/ - ATAC Resources Ltd. (\"\n \n ATAC\n \n \") (TSXV: ATC) (OTCQB: ATADF) is pleased to announce the mailing of an information circular (the \"\n \n Circular\n \n \") prepared in connection with the special meeting of ATAC securityholders to be held on\n \n June 23, 2023\n \n at the offices of Stikeman Elliott LLP, Suite 1700, 666 Burrard Street,\n \n Vancouver, BC\n \n , V6C 2X8 at\n \n 10:00 a.m.\n \n (Vancouver Time) (the \"\n \n Meeting\n \n \").\n \n \n \n \n \n \n \n \n \n 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 (\"\n \n \n Hecla\n \n \n \") (NYSE:HL) by way of a plan of arrangement (the \"\n \n Arrangement\n \n \") announced on\n \n April 6, 2023\n \n . 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.\n \n \n As further described in the Circular, the board of directors of ATAC (the \"\n \n Board\n \n \") has evaluated the Arrangement with its management and legal and financial advisors and, following receipt and review of a unanimous recommendation from the special committee of the Board in favour of the Arrangement, the Board unanimously determined that the Arrangement is in ATAC's best interests, and unanimously recommends that ATAC securityholders vote in favour of the Arrangement at the Meeting. Each director and officer of ATAC has agreed to vote all of their ATAC secu...