Eagle Plains Execute Arrangement Agreement with Taiga Gold Corp., Sets Key Dates for Plan of Arrangement
NEWS RELEASE
Eagle Plains Execute Arrangement Agreement with Taiga Gold Corp.,
Sets Key Dates for Plan of Arrangement
Cranbrook, B.C., February 2nd, 2018: Eagle Plains Resources Ltd. (TSX-V: “EPL”) has executed a
formal arrangement agreement related to the propose d spin-out of Taiga Gold Corp. (“Taiga”). As
announced September 26 th , 2017, Eagle Plains plans to reorganize certain Sa skatchewan mineral
property assets under the name Taiga Gold Corp. (“Taiga”) in an effort to maximize shareholder val ue.
Under the terms of the recently-executed arrangemen t agreement (subject to shareholder approval),
Eagle Plain’s shareholders of record on closing of the Arrangement will receive one share of Taiga for
every two Eagle Plains shares held. Concurrently, Eagle Plains will transfer $300,000 cash to Taiga t o
provide initial working capital and exploration fun ding. Taiga has applied to have its shares listed o n the
Canadian Securities Exchange (“CSE”) under the trad ing symbol “TGC”. On completion of the
arrangement, Eagle Plains will hold 19.9% of the outstanding shares of Taiga.
The proposed reorganization is subject to sharehold er approval by resolution approved by not less than
66 2/3 % of votes cast. The Company expects to pre sent the matter to shareholders at a special meetin g
targeted for early April, 2018. The reorganization will be subject to approval of the Court of Queen' s
Bench of Alberta and to acceptance by the TSX Venture Exchange and the CSE.
Key Dates Relating to the Plan of Arrangement
A summary of the key dates for the transaction is o utlined herein, subject to approvals from the TSX
Venture Exchange and the CSE:
• On or around March 2, 2018: mail-out of Notice of Special Meeting
• On or around April 4, 2018: Special Meeting seeking shareholder approval
• On or around April 5, 2018: Court appearance to see k judicial approval (conditional on
shareholder approval)
• On or around April 6, 2018: Closing of the Arrangement
• On or around second week of April: Set Record Date for share distribution
• On or around second week of April: Formal listing request for Taiga on the CSE
• On or around third week of April: Taiga begins trading on the CSE under the symbol TGC
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral
projects throughout western Canada. The Company is committed to steadily enhancing shareholder value
by advancing our diverse portfolio of projects towa rd discovery through collaborative partnerships and
development of a highly experienced technical team. Managements’ current focus is to preserve its
treasury while advancing its most promising explora tion projects. In addition, Eagle Plains continues to
seek out and secure high-quality, unencumbered proj ects through research, staking and strategic
acquisitions. Since 2012, Eagle Plains has added t o its portfolio a number of new projects exceeding
130,000 ha targeting mainly gold, uranium and base-metals in Saskatchewan, a highly-prospective mining
jurisdiction which was recently recognized by the F raser Institute as the second best place in the wor ld in
terms of Investment Attractiveness. Throughout the exploration process, our mission is to help mainta in
prosperous communities by exploring for and discove ring resource opportunities while building lasting
relationships through honest and respectful business practices.
Expenditures from 2011-2017 on Eagle Plains-related projects were approximately $16.5M, which was
funded by Eagle Plains and for the most part, by th ird-party partners. This exploration work resulted in
approximately 15,000 m of diamond-drilling and exte nsive ground-based exploration work facilitating the
advancement of numerous projects at various stages of development.
On behalf of the Board of Directors
“Tim J. Termuende”
President and CEO
For further information on EPL, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: [email protected] or visit our website at http://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.