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Fosterville South Announces Record Date for Meeting on Leviathan Gold Spinout
Fosterville South Announces Record Date for Meeting on Leviathan Gold Spinout Cana...
About this update from Great Pacific Gold Corp.
[{"type":"text","content":"\n\n\n\nFosterville South Announces Record Date for Meeting on Leviathan Gold Spinout\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, Sept. 1, 2020\n\n\n\nVANCOUVER, BC, Sept. 1, 2020 /CNW/ - Fosterville South Exploration Ltd. (\"Fosterville South\" or the \"Company\") intends to enter into an Arrangement Agreement with Leviathan Gold Ltd. (\"Leviathan Gold\") contemplating a plan of arrangement (the \"Plan of Arrangement\") involving Leviathan Gold, the Company and the securityholders of the Company whereby the shares of Leviathan Gold are distributed to the securityholders of the Company (the \"Shares\").  Following the spin-out transaction, Leviathan Gold will explore, advance and develop the highly prospective gold focused Avoca and Timor projects.\n\n \n \n \n \n \n \n\n \nHighlights:\nCreates immediate shareholder value for Fosterville South shareholders as each Fosterville South shareholder will receive one share of Leviathan Gold for every share held of Fosterville South as of record date. Leviathan Gold to carry out an immediate drill program on high-grade gold prospects located on the Avoca and Timor projects following closing of the spin-out transaction & full permitting. Timor project contains the underexplored high-grade Great, New and Old Leviathan Reefs, which is situated over a 5 km strike with significant potential at depth.Anticipated Record and Effective Date\nThe Company intends to seek an interim order (the \"Interim Order\") from the Supreme Court of British Columbia for, among other things, the Company to call and hold an annual and special meeting (the \"Meeting\") of its shareholders (the \"Securityholders\") for the following purposes: (i) to consider and, if thought advisable, to pass, with or without variation, a special resolution (the \"Arrangement Resolution\") to approve the Plan of Arrangement; and (ii) to transact such other business, including annual meeting matters, as may properly be brought before the Meeting.\nThe record date for determining securityholders of record of the Compan...