Lancaster Resources Announces Receipt of Interim Order for Nelson
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
The record date for determining the Shareholders entitled to receive notice and to vote at the Meeting was the close of business on
In connection with the Meeting, the Company will mail an information circular (the “Circular”), together with related proxy materials (collectively, the "Meeting Materials") to Shareholders in accordance with applicable securities laws. The Meeting Materials will also be available on SEDAR (www.sedar.com) under Lancaster’s profile.
To be effective, the Arrangement must be approved by a special resolution passed at the Meeting by at least two-thirds (66 ⅔%) of the votes cast at the Meeting in person or by proxy by the Shareholders.
If all necessary approvals are obtained, the Company expects that the Arrangement will close in
About
Lancaster Resources (CSE:LCR | OTCQB:LANRF | FRA:6UF0) is engaged in exploring critical minerals.
Lancaster’s project portfolio includes rights to acquire the Trans-Taiga Lithium Property located within the
Email: penny@lancasterlithium.com
Tel: 604 923 6100
Website: www.lancaster-resources.com
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or Lancaster’s future performance. The use of any of the words “could,” “expect,” “believe,” “will,” “projected,” “estimated,” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Lancaster’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the ability of Lancaster to enter into an Arrangement Agreement and meet the other conditions precedent of the Spin-Off Agreement, the ability of Lancaster to execute its exploration plans, obtain exploration and drilling permits, raise capital, retain key personnel, identify, acquire, explore, and develop high-quality mineral-rich properties, and integrate sustainable energy sources and innovative technologies for climate-positive resource production constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information.
Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Lancaster disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as may be expressly required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release.
Source:
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