23:46:31 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Iron Creek Capital Corp (2)
Symbol IRN
Shares Issued 38,625,561
Close 2014-11-06 C$ 0.08
Market Cap C$ 3,090,045
Recent Sedar Documents

Iron Creek, Polar Star file merger documents on SEDAR

2014-11-12 13:32 ET - News Release

Also News Release (C-PSR) Polar Star Mining Corp

Mr. Colin Bird of Iron Creek reports

IRON CREEK AND POLAR STAR ANNOUNCE MAILING OF JOINT INFORMATION CIRCULAR, SHAREHOLDERS' MEETING DATE, FILING OF A TECHNICAL REPORT, AND POST-MERGER NEWCO NAME

Iron Creek Capital Corp. and Polar Star Mining Corp. have filed on SEDAR their joint information circular and associated form of proxy and voting instruction form relating to their proposed transaction to combine the two companies pursuant to a statutory plan of arrangement and will be mailing the materials to shareholders. Please refer to the news release dated Oct. 29, 2014, detailing the signing of the definitive arrangement agreement that will result in Iron Creek acquiring, pursuant to an amalgamation between Polar Star and 9057404 Canada Inc., a wholly owned subsidiary of Iron Creek, all of the issued and outstanding common shares of Polar Star.

The companies have fixed the date for the special meetings of Iron Creek and Polar Star, respectively, for Dec. 10, 2014, at which, in respect of Iron Creek, shareholders will vote on the issuance of the common shares of Iron Creek pursuant to the arrangement, the proposed name change and certain amendments to the terms of options held by certain directors; and in respect of Polar Star, shareholders will vote on the arrangement. If shareholders vote in favour, the companies expect to close the transaction on or about Dec. 16, 2014.

Iron Creek has submitted a National Instrument 43-101-compliant technical report relating to its Las Pampas project, currently optioned to a subsidiary of Kinross Gold, which is filed on SEDAR and posted on Iron Creek's website.

Iron Creek received conditional approval from the TSX Venture Exchange dated Oct. 28, 2014, to list the Iron Creek shares issuable to Polar Star shareholders upon completion of the arrangement. The arrangement is subject to Iron Creek meeting all of the conditions imposed by the TSX-V.

In addition to the approval of the arrangement resolution by Polar Star shareholders, the transaction is conditional upon, among other things, the approval by Iron Creek shareholders of the issuance of the Iron Creek shares pursuant to the transaction, the performance, by each of Iron Creek and Polar Star, of all obligations under the arrangement agreement, and the receipt of, among other things, all applicable waivers and consents, all in accordance with the terms of the arrangement agreement.

About Newco -- Revelo Resources Corp.

Following the arrangement, the companies will rebrand under a new name, Revelo Resources, subject to shareholder approval, and will list on the TSX-V under the ticker symbol RVL. Revelo will control approximately 300,000 hectares of highly prospective exploration ground in northern Chile focused on copper, gold and silver. Revelo will pursue a prospect generator business model and will have existing option and joint venture agreements with Kinross Gold (Las Pampas option agreement), Newmont Mining (Montezuma joint venture agreement) and BHP Billiton (blocks 2, 3 and 4 joint venture agreements). The focus of exploration is on major discoveries for copper, gold and silver, with all exploration tenements being strategically located along some of the world's most productive mineral belts in northern Chile.

Revelo will have a strong institutional shareholder base in the United States, Canada and the United Kingdom; a strong treasury of approximately $3-million; a small office and technical team based in Santiago, Chile; and a corporate presence based in Vancouver.

We seek Safe Harbor.

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