Crystal Lake Mining Corporation Announces Court Approval of the Plan of Arrangement, Adoption of Shareholder Rights Plan and New Articles
Crystal Lake Mining Corporation Announces Court Approval of the Plan of Arrangement, Adoption of
Shareholder Rights Plan and New Articles
October 4, 2019, Vancou ver, British Columbia - Crystal Lake Mining Corporation (TSXV: CLM OTC:
SIOCF FSE: SOG-FF) (“Crystal Lake ” or the “ Company”) is pleased to announce that, further to its news
releases dated June 25, 2019, July 26, 2019 and October 1, 2019, on October 3, 2019, the Supreme Court of British
Columbia approved the plan of arrangement among the Company, Sassy Resources Corporation (“ Sassy
Resources”) and the shareholders of the Company (the “Arrangement”).
The share distribution record date and the share issuance date for the Arrangement will be determined by the board
of directors (the “ Board”) of Crystal Lake and will be announced by a separate news release in advance. The
Arrangement also remains subject to the final approval of the TSX Venture Exchange.
Further to the news release of the Company dated October 1, 2019, the Company also wishes to announce that at its
last annual general and special meeting of shareholders on September 30, 2019 (the “Meeting”), the Company has
received a re-approval of the shareholder rights plan which was origin ally adopted by the shareholders of the
Company on May 8, 2014 (the “ Rights Plan”). The Company believes the adoption and the re-approval of the
Rights Plan is in the best interests of the Company to ensu re that all shareholders of the Company are treated fairly
in connection with any potential take-over bid of the Comp any. The Rights Plan is subj ect to the acceptance by the
TSX Venture Exchange.
Further to the news release of the Company dated October 1, 2019, the Company also wishes to announce that at the
Meeting the shareholders approved the adoption of the new articles of the Company. The new articles are subject to
the acceptance by the TSX Venture Exchange.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through
high-grade discovery opportunities in British Columbia and Ontario. The Company has an option to earn a 100%
interest in the Newmont Lake Project, one of the largest land packages among juniors in the broader Eskay region in
the heart of Northwest B.C.’s Golden Triangle.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING CORP.
“Maurizio Napoli”
President & CEO
Email: [email protected]
www.crystallakemining.com
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