Business
Shareholders approve plan of arrangement to spin out gold assets at Kahuna Project
(via TheNewswire) Vancouver, BC, Canada. / TheNewswire / December 29, 2...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Shareholders approve plan of arrangement to spin out gold assets at Kahuna Project(via TheNewswire)\n \n \nVancouver, BC, Canada. / TheNewswire / December 29, 2017 - Dunnedin Ventures Inc. (the \"Company\" or \"Dunnedin\") (TSX-V: DVI) today announced results of an Annual General and Special Meeting (the \"Meeting\") of shareholders (the \"Shareholders\") held on December 22, 2017.\n\n \n \nAt the Meeting, Shareholders approved a plan of arrangement (the \"POA\"), involving the Company and its wholly-owned subsidiary Solstice Gold Corp. (\"Solstice\"), pursuant to which the Company will spin out Solstice as a separately listed company (see press releases dated November 29, 2017; November 27, 2017; May 11, 2017; May 1, 2017 and November 23, 2016). Under the terms of the POA, shareholders of record of Dunnedin on July 17, 2017 will be entitled to receive one share of Solstice for every three shares of Dunnedin held.\n\n \n \nFollowing the Meeting, the Company was granted a final order from the Supreme Court of British Columbia, approving the POA. Completion of the POA remains subject to the satisfaction of certain closing conditions, and the Company will issue a further news release once the effective date for completion of the POA has been confirmed.\n\n \n \nSolstice holds Dunnedin's gold mineralization rights covering the Kahuna Project (\"Kahuna\"), including registered ownership of 66 full claims, 50% of 12 additional claims as well as certain other mineral rights. Solstice will be operated by an experienced management team comprised of Executive Chairman David Adamson Ph.D., President Marty Tunney P.Eng., Vice President Exploration Bob Singh P.Geo, and Chief Financial Officer Tony Ricci CPA, CA.\n\n \n \nInvestors are cautioned that, except as disclosed in the management information circular prepared in connection with the POA, any information released or received with respect to the POA may not be accurate or complete and should not be relied upon. The TSX Venture Exchange has in no way passed upon the merits of the proposed POA and has neither approved nor disapproved the contents of this news release.\n\n\n \nFor further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.\n\n\n \nOn behalf of the Board of Directors\n\n \n \nDunnedin Ventures Inc.\n\n \n \nChris Taylor\n\n\n \nChief Executiv...