SGM 2023
ATAC will be holding a Special Meeting of securityholders on June 23, 2023 at 10:00 AM (Vancouver time) at the offices of Stikeman Elliott LLP, Suite 1700, 666 Burrard St, Vancouver, BC, to consider and vote on, among other things, a special resolution approving a statutory plan of arrangement whereby Hecla Mining Company will acquire all of the outstanding shares of ATAC.
The ATAC Board has unanimously determined to recommend to ATAC Securityholders that they vote FOR the arrangement resolution.
Benefits to ATAC Shareholders
- Immediate premium: The Transaction Consideration represents a significant premium to ATAC’s pre-announcement share price;
- Trading liquidity and capital markets profile: Ownership in Hecla provides ATAC shareholders with increased liquidity and an enhanced capital markets profile via ownership of Hecla shares which has a market capitalization exceeding US$3.5bn;
- Hecla ideally placed to advance the Rackla Gold Property: Hecla’s strong balance sheet, technical abilities and operating experience in the Yukon make it ideally suited to advance the district-scale Rackla project to the development stage; and,
- Retention of exploration properties: ATAC shareholders retain exposure to four exciting copper and gold exploration properties in the Yukon and BC, including the new Catch discovery in central Yukon and the PIL property in the heart of the Toodoggone region of BC.
For more details regarding the proposed arrangement, please see the meeting materials, available below.
