Crystal Lake Mining Corporation Announces the Share Distribution Record Date and the “Due Bill” Bill Date with Respect to the Plan of Arrangement for Crystal Lake Mining Shares
Crystal Lake Mining Corporation Announces the Share Distribution Record Date and the “Due Bill” Bill
Date with Respect to the Plan of Arrangement for Crystal Lake Mining Shares
January 13, 2020, Vancouver, British Columbia - Crystal Lake Mining Corporati on (TSXV: CLM / OTC:
SIOCF / FSE: SOG-FF) (“Crystal Lake ” or the “Company”) is pleased to announce that it has determined the
share distribution record date with respect to the plan of arrangement (the “Arrangement”) among the Company,
Sassy R esources Corp oration (“Sassy Resources ”) and the shareholders of the Company (the “Crystal Lake
Shareholders”).
Under the terms of the Arrangement, Crystal Lake Shareholders of record at the close of business on February 10,
2020 (the “Share Distribution Record Date”) will receive one common share of Sassy Resourc es (“Sassy
Resources Share ”) with respect to every on e common share of Crystal Lake (“CLM Share ”) multiplied by the
conversion factor ( “the “Conversion Factor ”). Pursuant to the Arrangement, the Conversion Fac tor means the
number arrived at by dividing 10,00 0,000 (ten million) by the number of issued CLM Shares as of the close of
business on the Share Distribution Record Date so that the total number of Sassy Resources Shares to be issued to
the Crystal Lake Shareholders pursuant to the Arrangement is equal to 10,000,000 (t en million) Sassy Resources
Shares subject to rounding of fractional shares.
Sassy Resources Shares will be issued to the Crystal Lake Shareholders on or around February 18, 2020.
The TSX Venture Exchange has advi sed that the CLM Shares will trade on a “due bill” basis in relation to the
issuance of Sassy Resources Shares pursuant the Arrangement. The details of the due b ills trading will be
announced by a news release closer to the Share Distribution Record Date.
By way of this news release, Crystal Lake is also providing notice to its warrant holders and option holders with
respect to the Share Distribution Record Date. In order to receive Sassy Shares pursuant to the Arrangement, a
person must be a hold er of CLM Shares as of the Sh are Distribution Record Date. If an option holder o r a warrant
holder does not exercise his or her warrants or options on or be fore the Share Distrib ution Record Date, he or she
will not receive Sassy Resources Shares and there will be no changes with re spect to the number, terms and
conditions of the issued warrants and options of Crystal Lake.
Additional information regarding the terms of the Arrangement are set out in Crystal Lake ’s management
information circular dated August 23, 2019, and the news re leases dated June 25, 2019, July 26, 2019 , October 1,
2019, and October 4, 2019 , all of which are av ailable for viewi ng on Crystal Lake ’s SEDAR profile at
www.sedar.com.
About Crystal Lake
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through
high-grade discovery op portunities in British Colu mbia and Ontario. The Company has an option to earn a 100%
interest in the Newmont Lake Project, one of the l argest 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
2
For further information please contact:
MarketSmart Communications
Tel: +1 (604) 261-4466
Toll Free: +1 (877) 261-4466
Email: [email protected]
Momentum Public Relations
Tel: +1 (514) 815-7473
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.