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CORRECTING AND REPLACING: Eagle Plains Clarifies Record Date Details for Proposed Spin-Out Transaction
CRANBROOK, BC / ACCESSWIRE / March 16, 2023 / Further to its news release dated March 1, 2023 ("...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"CORRECTING AND REPLACING: Eagle Plains Clarifies Record Date Details for Proposed Spin-Out TransactionCRANBROOK, BC / ACCESSWIRE / March 16, 2023 / Further to its news release dated March 1, 2023 (\"News Release\"), Eagle Plains Resources Ltd. (TSXV:EPL) (\"EPL\" or \"Eagle Plains\") wishes to clarify a statement made in the News Release relating to the record date for the proposed Spin-Out Transaction (as defined in the News Release).In the News Release, Eagle Plains stated the following:The record date for the Spin-out Transaction (i.e. the cut-off date for eligible EPL securityholders to receive a 1/3 spin-out share of Eagle Royalties) is expected to be March 17, 2023.For clarity, only securityholders who hold Eagle Plains securities at the close of business on the record date (i.e., March 17, 2023) will be eligible to vote on the Spin-Out Transaction.To further clarify, all Eagle Plains shareholders who hold Eagle Plains shares as at the effective date of the Spin-Out Transaction will be eligible to receive one-third (1/3) of a share of Eagle Royalties for each Eagle Plains share so held. Subject to obtaining requisite approvals for the Spin-Out Transaction, the effective date of the Spin-Out Transaction is expected to be in or around late April, 2023. Management regrets any confusion that may have resulted.On behalf of the board of directors of Eagle Plains,\"Tim J. Termuende\"President and CEOFor further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)Email: [email protected] or visit our website at https://www.eagleplains.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary Note Regarding Forward-Looking StatementsThis news release contains \"forward-looking information\" and \"forward-looking statements\" (collectively, the \"forward-looking statements\") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, a...