Share:
Corporation or
Pinehurst ), a capital pool company listed on the TSX Venture Exchange (
TSXV ), is pleased to provide this update on the reverse takeover of Pinehurst by Silver Bullet Mines Inc. (
Silver Bullet , and together with Pinehurst, the
Parties ), a mining company focused on silver exploration at its 100% owned Black Diamond Property located near Globe, Arizona (the
Property ). The Parties entered into a binding definitive agreement effective November 12, 2020, as amended, (the
Definitive Agreement ) pursuant to which the Parties intend to complete a business combination transaction, which, subject to certain conditions and applicable shareholder and regulatory approvals, will result in a reverse takeover of Pinehurst by Silver Bullet (the
Corporation ), a capital pool company listed on the TSX Venture Exchange (
TSXV ), announces that pursuant to recent changes by the TSXV to its Capital Pool Company program and the TSXV s Policy 2.4 –
Capital Pool Companies (
, which became effective as at January 1, 2021 (the
New CPC Policy ), the Corporation intends to seek approval to implement certain amendments to further align with the New CPC Policy.
Pursuant to the New CPC Policy, in order for the Corporation to align certain of its policies with the New CPC Policy, it is required to obtain the approval of disinterested shareholders of the Corporation. At a special meeting of the shareholders of the Corporation held on February 23, 2021 (the
TORONTO, March 10, 2021 (GLOBE NEWSWIRE) Pinehurst Capital I Inc. (TSXV: PHT.P) (the "Corporation" or "Pinehurst"), a capital pool company listed on the TSX Venture Exchange ("TSXV"), and further to its previously proposed qualifying transaction (the "Transaction") with Silver Bullet Mines Inc. ("SBMI"), is pleased to provide an update on operations at SBMI’s silver property in Arizona. SBMI advised Pinehurst that SBMI entered into a contract with DENM Engineering Ltd. of Burlington, Ontario to upgrade SBMI’s current pilot plant on its property in Arizona. The contract includes engineering and procurement of equipment for the plant to a designed maximum daily processing capability of 125 tons of feed material. This plant will replace the current pilot plant and should give SBMI the capacity to handle the larger bulk samples necessary to build a compliant resource on its Arizona property. The plant consists of three main
Pinehurst Capital I: Change to Location of Annual and Special Meeting
December 24, 2020 13:28 ET | Source: Pinehurst Capital I Inc. Pinehurst Capital I Inc.
TORONTO, Dec. 24, 2020 (GLOBE NEWSWIRE) Pinehurst Capital I Inc. (TSXV: PHT.P) (the
Corporation or
Pinehurst ), a capital pool company listed on the TSX Venture Exchange, announces a change to the location of its annual and special meeting to be held on December 29, 2020 at 1:00 p.m. (Toronto time) (the
Meeting ).
The new location for the Meeting will be 130 King St. West, Suite 2210, Toronto, Ontario, M5X 1E4. There is no change in the date or time of the Meeting.