VANCOUVER, BC, Feb. 21, 2023 /CNW/ - ATAC Resources Ltd. ("ATAC") (TSXV:ATC.VN) (OTC-BB:ATADF) is pleased to announce that it has signed a non-binding Letter of Intent (the "LOI") with Hecla Mining Company ("Hecla") (NYSE:HL) respecting a proposed transaction pursuant to which Hecla will acquire all of the issued and outstanding shares of ATAC for C$0.14 per ATAC share, payable in shares of Hecla common stock (the "Proposed Transaction"). ATAC shareholders will also receive shares in a new exploration company ("Spinco") which will hold all of ATAC's rights and interests with respect to the Idaho Creek, Catch, Rosy and PIL projects (the "Spinco Assets") as well as ATAC's cash balance following completion of the Proposed Transaction.
Read more at newswire.caATAC Resources Ltd. Announces Letter of Intent with Hecla Mining Company
Newswire.ca - Press Release
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