Rokmaster Receives Shareholder and Court Approval FOR 4METALS Exploration Spin Out
ROKMASTER RECEIVES SHAREHOLDER
AND COURT APPROVAL FOR 4METALS
EXPLORATION SPIN OUT
VANCOUVER, BC
,
Jan. 18, 2024
/CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB:
RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") is pleased to announce that, at the annual
general and special meeting of the Company held on
January 12, 2024
(the "
Meeting
"), the
shareholders of Rokmaster (the "
Shareholders
") approved the proposed Plan of Arrangement (the
"
Arrangement
") involving Rokmaster and its wholly-owned subsidiary, 4Metals Exploration Ltd.
("
4Metals
"). For details regarding the Arrangement, see the Company's news release dated
November 20, 2023
.
At the Meeting, the special resolution approving the Arrangement was approved by 99.91% of the
Shareholders present in person or represented by proxy. Accordingly, the shareholder approval
required to proceed with the Arrangement has been obtained.
The Company is also pleased to announce that the Supreme Court of
British Columbia
has granted a
final order approving the Arrangement on
January 17, 2024
, enabling Rokmaster to proceed with the
completion of its spin-out of 4Metals to the Shareholders.
The Arrangement is still subject to several conditions, including the following:
a
.
Regulatory approvals;
b
.
Completion of a financing to raise working capital for 4Metals; and
c
.
Other closing conditions customary in a transaction of this nature.
The Company will announce the closing of the Arrangement (the "
Effective Date
") as soon as it is
determined.
As a reminder, Rokmaster shareholders as of the Effective Date will receive new common shares of
Rokmaster (each, a "
New Rokmaster Share
") and common shares of 4Metals (the "
4Metals
Shares
") by way of a share exchange, pursuant to which each existing common share of Rokmaster
(an "
Existing Rokmaster Share
") will be exchanged for one New Rokmaster Share and 0.125 of a
4Metals Share (or one 4Metals Share distributed for every eight Existing Rokmaster Shares held)
rounded down to the next whole number of 4Metals Shares.
On Behalf of the Board of Directors of
Rokmaster Resources Corp.
John Mirko
President & Chief Executive Officer.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
press release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may
contain forward-looking information within the meaning of applicable securities laws ("forward-
looking statements"). Forward-looking statements are statements that are not historical facts and
are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes,"
"intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions
"will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a
variety of risks and uncertainties which could cause actual events or results to differ materially from
those reflected in the forward-looking statements, including, without limitation: receipt of regulatory
approvals; successful completion of the Arrangement and related transactions; risks related to
fluctuations in metal prices; uncertainties related to raising sufficient financing, for working capital
and to fund the planned work, in a timely manner and on acceptable terms; changes in planned work
resulting from weather, logistical, technical or other factors; the possibility that results of work will
not fulfill expectations and realize the perceived potential of the Company's properties; risk of
accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or
interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk
of environmental contamination or damage resulting from Rokmaster's or 4Metals' operations and
other risks and uncertainties as disclosed in the information circular mailed to Shareholders in
connection with the Meeting to approve the Arrangement. Any forward-looking statement speaks
only as of the date it is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking statement, whether as a
result of new information, future events or results or otherwise.
SOURCE
Rokmaster Resources Corp.
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For further information:
Mr. John Mirko, CEO of Rokmaster, [email protected], Ph. 1-604-
290-4647 or visit the Company's website at: www.rokmaster.com; For Shareholder information
please contact: Mike Kordysz, [email protected], Ph. +1 (604) 319-3171
CO: Rokmaster Resources Corp.
CNW 05:00e 18-JAN-24