TSX VENTURE COMPANIES
ATLANTIC GOLD CORPORATION ("AGB")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: July 19, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an arrangement agreement between Atlantic Gold Corporation ("Atlantic") and St Barbara Limited ("St Barbara") dated May 14, 2019 (the "Agreement"). Pursuant to the Agreement, St Barbara has agreed to acquire all of the issued and outstanding common shares of Atlantic by way of a plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the "Transaction"). Under the Agreement, each Atlantic shareholder will be entitled to receive (a) $2.90 for each common share of Atlantic held; and (b) 0.05 shares of Artemis Gold Inc., a company that holds Atlantic's interest in Velocity Minerals Ltd. (TSXV:VLC).
The Exchange has been advised that approval of the Transaction by the Atlantic shareholders and the holders of Atlantic's stock options was received at a special meeting of securityholders held on July 15, 2019 and that the final order of the British Columbia Supreme Court with respect to the Transaction was received on July 17, 2019. The Transaction closed on July 19, 2019. The full particulars of the Transaction are set forth in the Management Information Circular of Atlantic, dated as of June 10, 2019, which is available under the Atlantic profile on SEDAR.
Delisting:
In conjunction with the closing of the Transaction, Atlantic has requested that its common shares be delisted. Accordingly, effective at the close of business, Monday, July 22, 2019, the common shares of Atlantic will be delisted from the Exchange.
Insider / Pro Group Participation: None. Prior to the closing of the Transaction Atlantic and St Barbara were at arm's length.
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