Toronto, Ontario – April 26, 2021 – Orefinders Resources Inc. ("Orefinders" or the "Company") (TSX.V: ORX) and American Eagle Gold Corp. (“American Eagle”) are pleased to announce that further to Orefinders press release dated April 6, 2021, the plan of arrangement spinout transaction (the “Arrangement”) has closed effective April 26, 2021 (the “Effective Date”).
Completion of the Arrangement, as set forth in the arrangement agreement dated January 27, 2021 (the “Arrangement Agreement”), entered into between Orefinders and American Eagle, was approved by the shareholders of Orefinders (the “Orefinders Shareholders”) on April 6, 2021, by a Final Order granted by the Supreme Court of British Columbia on April 8, 2021, in accordance with Part 9 of the Business Corporations Act (British Columbia), and accepted by the TSX Venture Exchange (the “TSXV”).
Pursuant to the Arrangement Agreement and on the Effective Date:
The CUSIP number for the New Orefinders Shares is 685773103.
The CUSIP number for the American Eagle Shares is 02553R107.
As of the Effective Date, the board of directors, officers and audit committee members of American Eagle are as follows:
Name of Director or Officer: Position(s) with Stinger.
Anthony Moreau CEO and Director
Jeffrey Potwarka CFO and Corporate Secretary
Mark Bradley VP Exploration
Stephen Stewart Director and Audit Committee Chair
Alex Stewart Director
David Shaddrick Director and Audit Committee Member
Tim Gallagher Director and Audit Committee Member
Kurt Breede Director
For more information on the Arrangement, see Orefinders management information circular dated March 6, 2021 filed under Orefinders profile on SEDAR at www.sedar.com.
American Eagle has received conditional approval to list the American Eagle Shares on the TSX Venture Exchange (“TSXV”). Final listing approval will be subject to American Eagle satisfying all of the listing conditions of the TSXV. American Eagle will announce by way of a further press release the date on which trading of the American Eagle Shares will commence. The trading symbol for the American Eagle Shares will be "AE". Further details regarding American Eagle will be contained in American Eagle’s TSXV Form 2B Listing Application, which is expected to be made available under American Eagle’s profile on SEDAR at www.sedar.com on April 26, 2021.
About American Eagle Gold Corp.:
American Eagle is an early stage mineral exploration company with a focus on exploration of the Golden Trend Property located in the Cortez Trend in Nevada, United States.
ON BEHALF OF OREFINDERS RESOURCES INC.
Stephen Stewart, CEO & Director
ON BEHALF OF AMERICAN EAGLE GOLD CORP.
Anthony Moreau, CEO & Director
About Orefinders Resources Inc.
Orefinders is a Gold exploration and development company focused exclusively on the Abitibi Greenstone Belt. The Company is listed on the Toronto Venture Exchange under the symbol ORX.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Orefinders' assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Orefinders. Additional information identifying risks and uncertainties is contained in filings by Orefinders with Canadian securities regulators, which filings are available under Orefinders' profile at www.sedar.com.
For the latest updates, please contact or follow us on Twitter @OrefindersR
To Speak to the Company directly, please contact:
Stephen Stewart, Chief Executive Officer