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Posted On: 02/21/2024 3:13:51 PM
Post# of 103698
$EVKRF huge news today on the proposed transaction: "The Company has entered into an Arrangement Agreement as amended, with its wholly owned subsidiary AC/DC Battery Metals Inc. ("SpinCo"
. In accordance with the terms of the Arrangement Agreement and amendment, Grid will transfer to SpinCo ownership of its interests in its nickel properties in British Columbia, which consists of five claim blocks in three groups (Nickel West, Nickel Central, Nickel South) in the area surrounding Mount Sidney Williams, in close proximity to the Decar Project and the Baptiste deposit of FPX Nickel Corp (TSXV:FPX). (collectively, the "Transferred Assets" in exchange for approximately 9,414,040 common shares of SpinCo (the "Consideration Shares". Grid will spin out the Consideration Shares (the "Spin-Out Shares" to Grid shareholders."
. In accordance with the terms of the Arrangement Agreement and amendment, Grid will transfer to SpinCo ownership of its interests in its nickel properties in British Columbia, which consists of five claim blocks in three groups (Nickel West, Nickel Central, Nickel South) in the area surrounding Mount Sidney Williams, in close proximity to the Decar Project and the Baptiste deposit of FPX Nickel Corp (TSXV:FPX). (collectively, the "Transferred Assets" in exchange for approximately 9,414,040 common shares of SpinCo (the "Consideration Shares". Grid will spin out the Consideration Shares (the "Spin-Out Shares" to Grid shareholders."
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