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Crystal Lake Mining Corporation Announces the Share Exchange Ratio and an Update Regarding the Due Bill Trading with Respect to the Sassy Resources Corporation Shares to be Issued Pursuant to the Plan of Arrangement
Crystal Lake Mining Corporation Announces the Share Exchange Ratio and an Update Regarding...
About this update from Enduro Metals Corporation
[{"type":"text","content":"\n\n\n\nCrystal Lake Mining Corporation Announces the Share Exchange Ratio and an Update Regarding the Due Bill Trading with Respect to the Sassy Resources Corporation Shares to be Issued Pursuant to the 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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 11, 2020\n\n\n\nVANCOUVER, Feb. 11, 2020 /CNW/ - Crystal Lake Mining Corporation (TSXV: CLM / OTC: SIOCF / FSE: SOG-FF) (\"Crystal Lake\" or the \"Company\") is pleased to announce that, further to its news releases dated January 13, 2020 and January 28, 2020, an aggregate of 10,000,000 common shares (the \"Spinco Shares\") of Sassy Resources Corporation (\"Spinco\") will be distributed to the shareholders of the Company (the \"CLM Shareholders\") in connection with the plan of arrangement (the \"Plan of Arrangement\") among the Company, Spinco and the CLM Shareholders.\n\n \n \n\n \nThe share conversion factor is 0.066708 (the \"Conversion Factor\").  In accordance with the Plan of Arrangement, the Conversion Factor was determined by dividing 10,000,000 (ten million) by 149,907,933, which is the number of common shares of the Company (the \"CLM Shares\") outstanding as at the close of business on February 10, 2020 (the \"Record Date\"). \nThe CLM Shareholders who hold CLM Shares as at the Record Date will receive for every one CLM share held 0.066708 of a Spinco share (one Spinco Share with respect to every 14.9907 CLM Shares). \nThe Payable Date, Record Date, Due Bill Trading Date, Ex-Distribution Date and Due Bill Redemption Date are as set forth below.  \nDistribution per Share:\n0.066708 of a Spinco share for every one Company share\nPayable Date:\nFebruary 18, 2020\nRecord Date:\nFebruary 10, 2020 \nDue Bill Trading Date:\nFebruary 7, 2020\nEx...