Business
Goldstrike Resources Announces Shareholder Meeting to Approve Previously Announced Plan of Arrangement
VANCOUVER, British Columbia, June 26, 2018 (GLOBE NEWSWIRE) -- Goldstrike Resources Ltd. ("Goldstrike" or the "Company") (GSR.V) is pleased to announce that the
About this update from Trailbreaker Resources Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, June 26, 2018 (GLOBE NEWSWIRE) -- Goldstrike Resources Ltd. (\"Goldstrike\" or the \"Company\") (GSR.V) is pleased to announce that the Supreme Court of British Columbia (the \"Court\") has issued an interim order authorizing, among other things, a special meeting (the \"Meeting\") of the holders of all of the issued and outstanding common shares of the Company (the \"Goldstrike Shares\") to seek approval for a plan of arrangement (the \"Arrangement\") under the Business Corporations Act (British Columbia), which was previously announced by the Company in its news release dated May 16, 2018. 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 Goldstrike Shares 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. In connection with the Arrangement, Luckystrike will apply for the Luckystrike Shares to be listed on the TSX Venture Exchange (the \"Exchange\") and any such listing will be subject to Luckystrike fulfilling all of the requirements of the Exchange. The closing of the Arrangement is conditional upon the Exchange approving the listing of the Luckystrike Shares. The Meeting is currently scheduled to be held on July 26, 2018 at 10:00 a.m. (Vancouver time) at 1000 Cathedral Place, 925 West Georgia Street, Vancouver, British Columbia, and the record date for determining registered shareholders entitled to receive notice of and attend and vote at the Meeting is June 14, 2018. The board of directors of Goldstrike has determined that the Arrangement is in the best interests of Goldstrike for the following reasons, among others: The separation of the White Gold District properties into a separate public company is expected to position such a...