On closing of the Arrangement, an aggregate of approximately 65,108,269 shares of Stratabound (each a "Stratabound Share") were issued to shareholders of California Gold ("California Gold Shareholders") at an exchange ratio of 1.00 of a Stratabound Share for each outstanding California Gold Share. In connection with the Arrangement, all outstanding options of California Gold were cancelled, and all outstanding common share purchase warrants of California Gold were exchanged for replacement warrants of Stratabound exercisable to acquire that number of Stratabound Shares equal to the number of California Gold Shares that the holders of the exchanged warrants would have acquired if such holders had exercised such warrants immediately prior to the effective time of the Arrangement.
The Arrangement was approved by California Gold Shareholders at a special meeting held on
Registered California Gold Shareholders are encouraged to complete, execute and submit the letter of transmittal included in the Meeting materials previously mailed to California Gold Shareholders as soon as possible in order to receive the Stratabound Shares to which they are entitled under the Arrangement.
Stratabound wishes to clarify its disclosure in its news releases of
ABOUT STRATABOUND
Mr.
ABOUT
FORWARD LOOKING INFORMATION
Certain information contained in this news release constitutes forward looking information. All information other than information of historical fact is forward looking information. The use of any of the words "intend", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "should", "would", "believe", "predict" and "potential" and similar expressions are intended to identify forward looking information. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking information. No assurance can be given that this information will prove to be correct and such forward looking information included in this news release should not be unduly relied upon. The forward looking information provided in this news release is based upon a number of material factors and assumptions.
Forward looking information is subject to a number of risks and other factors that could cause actual results and events to vary materially from that anticipated by such forward looking information. Readers are cautioned that the foregoing list of risks, uncertainties and assumptions are not exhaustive. The forward looking information included in this news release is expressly qualified by this cautionary statement and is made as of the date of this news release. Neither California Gold nor Stratabound undertake any obligation to publicly update or revise any forward looking information except as required by applicable securities laws.
Neither the CSE, TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
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