Gold Hunter Receives Final Order Approving Plan of Arrangement
In This Article:
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2024) - GOLD HUNTER RESOURCES INC. (CSE: HUNT) (the "Company" or "Gold Hunter") is excited to announce that, on April 24th, 2024, the Supreme Court of British Columbia issued a final order approving the previously announced distribution (the "Distribution") of ordinary shares (each, a "FireFly Share") of FireFly Metals Ltd. ("FireFly") to the shareholders (the "Shareholders") of Gold Hunter, pursuant to a plan of arrangement (the "Arrangement") under section 288 of the Business Corporations Act (British Columbia). The record date to determine the Shareholders entitled to receive a pro-rata portion of the Distribution will be May 2nd, 2024 (the "Record Date").
Under the Arrangement, the Company will distribute 25,092,886 FireFly Shares to Shareholders as of the Record Date on a pro-rata basis proportionate to their shareholding in Gold Hunter (the "Share Distribution"), or for certain Shareholders resident in the United States (the "U.S. Shareholders") who do not qualify as accredited investors as defined in Rule 501(a) of Regulation D as promulgated by the United States Securities and Exchange Commission under the U.S. Securities Act of 1933, as amended, a cash payment in lieu of the FireFly Shares (the "Cash Distribution").
U.S. Shareholders may elect to receive the Share Distribution in lieu of the Cash Distribution by completing and executing an election form (the "Election Form") that will be circulated to registered U.S. Shareholders through the Company's transfer agent and to beneficial U.S. Shareholders through their intermediary. The deadline to submit a completed and executed Election Form is May 24th, 2024 (the "Election Deadline"). The Distribution will be completed after the Election Deadline, or as otherwise determined by the Company. The deemed price per FireFly Share will be determined as of the Record Date.
About Gold Hunter Resources Inc.
Gold Hunter Resources is a mineral exploration company committed to the evaluation and development of mineral-rich regions. Our seasoned team is focused on identifying areas known for their abundant mineral resources to develop. We are dedicated to unveiling the full potential of mineral projects in a manner that prioritizes responsibility and sustainability.
On Behalf of the Board of Directors,
GOLD HUNTER RESOURCES INC.
"Sean A. Kingsley"
President, CEO, and Director