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Goldstrike Resources Announces 99.93% Shareholder Approval of Plan of Arrangement
VANCOUVER, British Columbia, July 26, 2018 (GLOBE NEWSWIRE) -- Goldstrike Resources Ltd. ("Goldstrike" or the "Company") (TSX VENTURE:GSR) (OTC:APRAF) (Frankfur
About this update from Trailbreaker Resources Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, July 26, 2018 (GLOBE NEWSWIRE) -- Goldstrike Resources Ltd. (\"Goldstrike\" or the \"Company\") (TSX VENTURE:GSR) (OTC:APRAF) (Frankfurt:KCG1) is pleased to announce that, further to its news release dated June 25, 2018, it has received requisite shareholder approval for its previously announced plan of arrangement (the \"Arrangement\"). Such approval was obtained at the Company's special meeting of shareholders that was held on July 26, 2018. As previously announced, pursuant to the Arrangement, among other things: Luckystrike Resources Ltd. (\"Luckystrike\"), a wholly-owned subsidiary of the Company, will indirectly acquire the Company's six 100% owned White Gold District properties, being the Lucky Strike, Hotspot, Bull's Eye, BRC, Gold Source and King's Ransom properties; Goldstrike shareholders will receive one common share of Luckystrike (a \"Luckystrike Share\") for every seven common shares of Goldstrike held; and Holders of Goldstrike options and warrants will exchange such securities for new options and warrants of Goldstrike and Luckystrike, which are exercisable into shares of such companies on their existing terms, with necessary adjustments for the Arrangement based on the proportionate value of the White Gold District properties. Completion of the Arrangement remains conditional on approval by the Supreme Court of British Columbia (the \"Court\"), approval by the TSX Venture Exchange, and other customary conditions. A hearing is scheduled before the Court on July 30, 2018 for the purposes of such approval. Shareholders should refer to the Company's management information circular dated June 25, 2018, a copy of which is available under the Company's profile on SEDAR at www.sedar.com, which more fully sets forth the terms of the Arrangement including each of the transactions under the Arrangement. The Company is also pleased to announce that it has entered into an amending agreement dated July 26, 2018 (the \"Amending Agreement\"), pursuant to which the Company and Luckystrike have agreed to amend the Arrangement to address certain administrative matters relating to the physical delivery of share certificates thereunder. Pursuant to the Amending Agreement, share certificates representing old common shares of Goldstrike will continue to represent new common shares of Go...