VANCOUVER, British Columbia, Feb. 12, 2024 (GLOBE NEWSWIRE) — In a release issued on Friday, February 9th by Lancaster Resources Inc. (CSE:LCR, OTCQB:LANRF, FRA:6UF0)), please note that the headline should have stated the interim was for Nelson Lake, rather than Crestfield Copper as originally announced. The corrected release follows:
Lancaster Resources Announces Receipt of Interim Order for Nelson Lake Spin-Off
Lancaster Resources Inc. (CSE:LCR, OTCQB:LANRF, FRA:6UF0)) (“Lancaster” or the “Company“) is pleased to announce that on February 2, 2024, the Supreme Court of British Columbia granted an interim order (the “Interim Order“) in connection with the proposed spin-off of Nelson Lake Copper Corp. (“Nelson Lake“) by Lancaster by way of Plan of Arrangement (the “Arrangement“). For further information on the Arrangement and the arrangement agreement (the “Arrangement Agreement“), please refer to Lancaster’s news release dated January 30, 2024.
The Interim Order, among other things, directs Lancaster to call and hold a special meeting (the “Meeting“) of the holders of Lancaster common shares (the “Shareholders“) in accordance with the Business Corporations Act, BC, to pass a special resolution to approve the Arrangement. In accordance with the Interim Order, the Meeting will be held at 10:00 a.m. (Vancouver time), March 15, 2024, at the offices of the Company.
The record date for determining the Shareholders entitled to receive notice and to vote at the Meeting was the close of business on February 5, 2024, as was …
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