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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).
Amarc Divests the Newton Gold Property to Carlyle and Retains a 2% NSR Royalty californiatelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from californiatelegraph.com Daily Mail and Mail on Sunday newspapers.
Carlyle Acquires Isaac Mining Corp., the Newton Gold Project and over $2,000,000 in Cash
Carlyle Commodities Corp. is pleased to announce that it has entered into and closed an amalgamation agreement dated December 16, 2020 with Isaac Mining Corp. an arm’s length private British Columbia corporation, and 1269597 B.C. Ltd. a wholly-owned subsidiary of Carlyle, pursuant to which Carlyle acquired all of the issued and outstanding securities of IMC by way of “three-cornered” amalgamation.Isaac Mining …
Carlyle Commodities Corp. (CSE: CCC) (FSE: 1OZ) (OTC Pink: DLRYF) (“Carlyle” or the “Company”) is pleased to announce that it has entered into and closed (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