CSE bulletin 2024-0125
Lancaster Resources Inc., further to the spinoff agreement announced on Jan. 2, 2024, has entered into an arrangement agreement dated Jan. 29, 2024, which outlines the terms and procedures for a plan of arrangement with its wholly owned subsidiary, Nelson Lake Copper Corp., whereby the company intends to spin off the majority of its holdings in Nelson Lake by issuing a stock dividend of Nelson Lake common shares to Lancaster shareholders.
The transaction will be carried out by way of a statutory plan of arrangement. Through the spinoff, shareholders of the company will receive a stock dividend of Nelson Lake shares at a ratio of 0.02 Nelson Lake share for every Lancaster share owned as of the record date of Feb. 5, 2024.
For further information, please see the issuer's news release.
Symbol: LCR
Ex distribution date: Feb. 2, 2024
Record date: Feb. 5, 2024
© 2024 Canjex Publishing Ltd. All rights reserved.