02:24:40 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Iron Creek Capital Corp (2)
Symbol IRN
Shares Issued 38,625,561
Close 2014-12-09 C$ 0.075
Market Cap C$ 2,896,917
Recent Sedar Documents

Iron Creek, Polar Star shareholders approve merger

2014-12-10 16:37 ET - News Release

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

Mr. Timothy Beale of Iron Creek reports

IRON CREEK AND POLAR STAR ANNOUNCE RESPECTIVE SHAREHOLDER APPROVAL OF THE ARRANGEMENT

Iron Creek Capital Corp. and Polar Star Mining Corp. have obtained requisite shareholder approvals in connection with the plan of arrangement, pursuant to the arrangement agreement among Iron Creek, Polar Star and 9057404 Canada Inc. dated Oct. 28, 2014. At their respective special meetings of shareholders held on Dec. 10, 2014 (a) Polar Star received 99.91-per-cent approval of the shareholders who voted on the arrangement resolution, and (b) Iron Creek received 100-per-cent approval of the shareholders who voted on the issuance of common shares of Iron Creek pursuant to the arrangement, 100-per-cent approval of the shareholders who voted on the change of Iron Creek's name to Revelo Resources Corp. and 99.99-per-cent approval of the shareholders who voted on the amendments to the option terms of certain departing directors of Iron Creek. Polar Star intends to seek the approval of the Supreme Court of British Columbia for the arrangement and final order on Dec. 12, 2014, and the parties intend to proceed to closing the arrangement on or about Dec. 16, 2014.

Pursuant to the arrangement, a letter of transmittal was enclosed with the joint information circular for use by registered Polar Star shareholders for the purpose of surrendering Polar Star shares in exchange for Iron Creek shares. Upon return of a properly completed letter of transmittal to Equity Financial Trust Company and completion of the arrangement, certificates representing the number of Iron Creek shares, with adjustments reflecting the share exchange ratio, will be mailed to such registered Polar Star shareholders. Registered Polar Star shareholders should send their completed letters of transmittal and Polar Star share certificates to Equity as soon as possible in order to receive the Iron Creek shares to which they are entitled under the arrangement. A copy of the Polar Star letter of transmittal is available under Polar Star's profile on SEDAR.

About Newco (Revelo Resources Corp.)

Following the arrangement, the companies will rebrand under a new name, Revelo Resources Corp., subject to shareholder approval, and will list on the TSX Venture Exchange 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 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.

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