Amarc Resources : Divests the Newton Gold Property to Carlyle and Retains a 2% NSR Royalty marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Carlyle Commodities Corp.: Carlyle Acquires Isaac Mining Corp., the Newton Gold Project and over $2,000,000 in Cash
CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZ) (OTC Pink: DLRYF) (
Carlyle or the
Closing ) an amalgamation agreement dated December 16, 2020 (the
Agreement ) with Isaac Mining Corp. (
IMC ), an arm s length private British Columbia corporation, and 1269597 B.C. Ltd. (
NewCo ), a wholly-owned subsidiary of Carlyle, pursuant to which Carlyle acquired (the
Transaction ) all of the issued and outstanding securities of IMC by way of three-cornered amalgamation.
Isaac Mining Corp.
Incorporated in September of 2020, IMC is a private British Columbia mineral exploration corporation which owns 100% of the Newton Gold Project (the
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VANCOUVER, BC / ACCESSWIRE / December 17, 2020 / Amarc Resources Ltd. ( Amarc or the Company ) (TSXV:AHR)(OTCQB:AXREF) reports that it has closed the previously announced sale of its Newton Property (the Property or Newton ) located in south-central British Columbia ( BC ) (see Amarc news release December 9, 2020). The arm s length private company, Isaac Mining Corp. ( IMC ), has achieved the go-public event required under the terms of the agreement by amalgamating with a wholly-owned subsidiary of Carlyle Commodities Corp. ( Carlyle ) (CSE:CCC)(FSE:OZ)(OTC PINK:DLRYF) pursuant to which Carlyle has acquired all of the issued and outstanding shares of IMC and its treasury of more than $2 million (see Carlyle release December 17, 2020).