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Fancamp and ScoZinc Announce Business Combination to Advance the Scotia Zinc & Lead Mine to Commercial Production

(MENAFN - Newsfile Corp) Fancamp and ScoZinc Announce Business Combination to Advance the Scotia Zinc & Lead Mine to Commercial Production
Montreal, Quebec and Halifax, Nova Scotia (Newsfile Corp. - February 18, 2021) - Fancamp Exploration Ltd. (TSXV: FNC) ( Fancamp ) and ScoZinc Mining Ltd. (TSXV: SZM) ( ScoZinc ) are pleased to announce that they have entered into a definitive arrangement agreement (the Arrangement Agreement ) whereby Fancamp will indirectly acquire all of the issued and outstanding securities of ScoZinc by way of a plan of arrangement (the Arrangement ) under the Business Corporations Act (British Columbia) (the Combination or the Transaction ).
Pursuant to the terms of the Arrangement Agreement, shareholders of ScoZinc (the ScoZinc Shareholders ) will receive 6.0 common shares of Fancamp (each whole share a Fancamp Share ) for every ScoZinc Share held (the Exchange Ratio ). Upon the closing of the Transaction, former shareholders of ScoZinc wi ....

United States , United Kingdom , Mark Haywood , Christopher Hopkins , Simion Candrea , Rajesh Sharma , Ashwath Mehra , Robert Suttie , Debra Chapman , Exchange Ratio , Fancamp Exploration Ltd , Scozinc Mining Ltd , Stikeman Elliott , Ernst Young , Newsfile Corp Fancamp , Nova Scotia Newsfile Corp , Devon Capital Inc , Venture Exchange , Regulation Services Provider , Scozinc Announce Business Combination , Scotia Zinc , Lead Mine , Commercial Production , Scozinc Mining , Business Corporations Act , British Columbia ,

Muddy Waters Responds to GT Gold's Blatantly False and Inaccurate Statements

SANTA ROSA, Calif., Feb. 16, 2021 (GLOBE NEWSWIRE) The following is a statement from Muddy Waters Capital regarding recent comments in a GT Gold press release: Muddy Waters Capital LLC (“Muddy Waters”) has investment authority over 13,289,400 shares representing 10.204% of the outstanding shares of GT Gold Corp (ticker: GTT.V). Despite Muddy Waters’ lack of faith in the current board of directors, which is led by the ex-Marc Rich executive Ashwath Mehra, we continue to buy shares in the open market. We firmly reiterate our intention to vote against the current board of directors and support the slate of directors proposed by K2 & Associates. GT Gold’s January 29, 2021 response to our press release was filled with lies and misleading statements. In order to dispel this misinformation, we will address three misleading – or outright false – statements that GT Gold made. It is important to note that Mr. Mehra offered us an opportunity to par ....

Muddy Waters , Ashwath Mehra , சேற்று நீர் , அஸ்வத் மெஹ்ரா ,