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Pan American Energy Announces Filing of Management Information Circular In Connection with Special Meeting to Approve Spin-Out of Green Energy Property
CALGARY, Alberta, March 13, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS6) is ple
About this update from Pan American Energy Corp.
[{"type":"text","content":" CALGARY, Alberta, March 13, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS6) is pleased to announce that it has mailed and filed a management information circular and related meeting materials (the “Meeting Materials”) for its special meeting (the “Special Meeting”) of shareholders of Pan American (“Shareholders”) to be held April 11, 2023 at 10:00 a.m. (PST) at the offices of DLA Piper (Canada) LLP at 2800 – 666 Burrard Street, Vancouver, British Columbia, V6C 2Z7 in connection with the proposed “spin-out” of Pan American’s Green Energy Property in Utah (the “Green Energy Property”) announced on January 3, 2023 (the “Transaction”). On March 8, 2023, Pan American obtained an interim order (the “Interim Order”) from the Supreme Court of British Columbia (the “Court”) authorizing the holding of the Special Meeting and matters relating to the conduct of the Special Meeting. At the Special Meeting, Shareholders will be asked to pass a special resolution (the “Arrangement Resolution”) to approve the proposed plan of arrangement involving Pan American and Legacy Lithium Corp. (“Legacy”), a wholly-owned subsidiary of Pan American, which gives effect to the Transaction. The Transaction will be carried out pursuant to the terms of an amended and restated arrangement agreement dated March 3, 2023 between Pan American and Legacy (the “Arrangement Agreement”). The Meeting Materials contain important information regarding the Transaction, how Shareholders can participate and vote at the Special Meeting and the reasons for the unanimous determination of the board of directors of the Company (the “Board”) that the Transaction is in the best interest of the Company and is fair to Shareholders. Shareholders should carefully review all of the Meeting Materials, as they contain important information concerning the Transaction and the rights and entitlements of Shareholders thereunder. The Meeting Materials have been filed by the Company on SEDAR and are available under the Company’s profile at www.sedar.com. The Board unanimously recommends that Shareholders vote FOR the Arrangement Resolution. Pursuant to the terms of the Interim Order, Shareholders of record at the close of business on February 27, 2023 (the “Record Date”) will be entitled to vote at the Special Meetin...