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Hecla Mining Company(HL-N)

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Cascadia Announces Closing of Spin-Out Transaction with ATAC Resources Ltd. - Mon Jul 10, 2023

VANCOUVER, BC , July 10, 2023 /CNW/ - Cascadia Minerals Ltd. ("Cascadia") is pleased to announce the close of the previously announced transaction between ATAC Resources Ltd. ("ATAC") and Hecla Mining Company ("Hecla")(NYSE:HL) whereby Hecla acquired all of the issued and outstanding shares of ATAC for consideration payable in shares of Hecla and in shares of Cascadia by way of a court-approved statutory plan of arrangement ("Arrangement"). Pursuant to the Arrangement, each share of ATAC has been exchanged for 0.0166 common shares of Hecla and 0.1 common shares of Cascadia.


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