Business
Blind Creek Resources Ltd. and Engineer Gold Mines Ltd. Announce Completion of Plan of Arrangement
Blind Creek Resources Ltd. and Engineer Gold Mines Ltd. Announce Completion of Plan of Arr...
About this update from Blende Silver Corp.
[{"type":"text","content":"\n\n\n\nBlind Creek Resources Ltd. and Engineer Gold Mines Ltd. Announce Completion of Plan of Arrangement\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\nCanada NewsWire\nVANCOUVER, June 4, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nVANCOUVER, June 4, 2018 /CNW/ - (TSX.V:BCK) – Blind Creek Resources Ltd. (\"Blind Creek\") and Engineer Gold Mines Ltd. (\"Engineer Gold Mines\") are pleased to announce the completion of the plan of arrangement (the \"Plan of Arrangement\") effective June 1, 2018 (the \"Effective Date\"). On the Effective Date, Blind Creek transferred the Engineer Gold Mines mineral resource property (the \"Engineer Gold Mine Property\") to Engineer Gold Mines and Engineer Gold Mines issued 12,863,525 common shares (the \"Consideration Shares\") as consideration to Blind Creek. Blind Creek will distribute the Consideration Shares to the shareholders of record of Blind Creek as of the close of trading on the Effective Date. Each Blind Creek shareholder will retain their Blind Creek common shares and be entitled to receive one Engineer Gold Mines common share for each two Blind Creek common shares held on that day. For more information, see Blind Creek's Information Circular dated April 18, 2018 filed under its profile on SEDAR at www.SEDAR.com.\n\nComputershare Investor Services Inc. will forward to each Blind Creek shareholder who is entitled to receive Engineer Gold Mines common shares certificates representing their allotted number of Engineer Gold Mines common shares in accordance with the Arrangement. Shareholders should not deliver certificates for Blind Creek common shares as certificates representing Blind Creek common shares are not being exchanged pursuant to the Arrangement.\n\nAs of the Effective Date, the escrow release conditions in connection with the subscription receipt (the \"Subscription Receipts\") financing of Engineer Gold Mines (the \"Financing\") were satisfied and the release notice has been provided to the escrow age...