Business
New Pacific Metals Receives Approval for Whitehorse Gold Corp Share Spin-Out
VANCOUVER, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (“New Pacific” or the “Company”) announces that, further to its news rel
About this update from New Pacific Metals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (“New Pacific” or the “Company”) announces that, further to its news releases dated July 22 and August 26, 2020, it has received conditional approval from the Toronto Stock Exchange to complete the spin-out of all existing common shares of Whitehorse Gold Corp. (\"Whitehorse\") to Company shareholders by way of a share exchange under a court approved plan of arrangement pursuant to the Business Corporations Act (British Columbia) (the \"Spin-Out\"), all in accordance with the agreement dated August 25, 2020 (the \"Arrangement Agreement\") between the Company and Whitehorse. Pursuant to the Arrangement Agreement, the Company wishes to announce that the effective date of the Spin-Out will be November 18, 2020 (the \"Effective Date\"), and the Spin-Out will be completed following the close of markets on this date. ABOUT NEW PACIFIC New Pacific is a Canadian exploration and development company which owns the Silver Sand Project, in the Potosí Department of Bolivia, and the Tagish Lake Gold Project in Yukon, Canada. For further information, please contact: New Pacific Metals Corp.Gordon NealPresidentPhone: (604) 633-1368Fax: (604) [email protected] www.newpacificmetals.com CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be fo...