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ATAC Resources Ltd. Announces Signing of Definitive Agreement with Hecla Mining Company

Newswire.ca - Thu Apr 6, 2023

VANCOUVER, BC, April 6, 2023 /CNW/ - ATAC Resources Ltd. ("ATAC") (TSXV: ATC) (OTCQB: ATADF) is pleased to announce that further to its press release dated February 21, 2023 the Company has entered into a definitive agreement (the "Arrangement Agreement") with Hecla Mining Company ("Hecla") (NYSE:HL) whereby Hecla will acquire all of the issued and outstanding shares of ATAC for consideration payable in shares of Hecla and in shares of a new exploration company, named Cascadia Minerals Ltd. ("Cascadia") (the "Transaction"). The consideration will consist of 0.0166 common shares in the capital of Hecla and 0.1 common shares in the capital of Cascadia for each one ATAC common share held (the "Transaction Consideration"). The Hecla shares to be received by ATAC shareholders represent a value of C$0.14 per ATAC share held based on Hecla's 5-day volume-weighted average trading price ending April 3, 2023.

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Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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