17.12.2014, 15:52
Revelo Resources Corp. to Commence Trading on the TSX Venture Exchange
OREANDA-NEWS. Revelo Resources Corp. ("Revelo" or the "Company") (TSX VENTURE:RVL) - formerly Iron Creek Capital Corp. - is pleased to announce that its common shares have commenced trading on the TSX Venture Exchange (the "TSX-V") today, December 17, 2014, under the trading ticker symbol "RVL".
Revelo was formed on December 16, 2014 upon completion of the plan of arrangement (the "Arrangement") involving Iron Creek Capital Corp. ("Iron Creek"), 9057404 Canada Inc. ("Acquireco"), a wholly-owned subsidiary of Iron Creek, and Polar Star Mining Corporation ("Polar Star").
Pursuant to the Arrangement, Iron Creek acquired all of the issued and outstanding common shares of Polar Star ("Polar Star Shares"), Polar Star amalgamated with Acquireco to continue as a wholly-owned subsidiary of Iron Creek, and Polar Star shareholders received 0.26 common shares of Iron Creek (the "Iron Creek Shares") for each Polar Star Share (the "Share Exchange Ratio"). Additionally, outstanding options to purchase Polar Star Shares were converted into options to purchase Iron Creek Shares, with appropriate adjustments to reflect the Share Exchange Ratio, and outstanding warrants to purchase Polar Star Shares, when exercised, will be exchanged into the number of Iron Creek Shares in lieu of each Polar Star Share to which such holder was theretofore entitled, with appropriate adjustments to reflect the Share Exchange Ratio.
In connection with the Arrangement, Polar Star Shares were de-listed from the Toronto Stock Exchange (the "TSX"), and applications was made for Polar Star to cease to be a reporting issuer in the applicable jurisdictions. Following the Arrangement, Iron Creek changed its name to Revelo Resources Corp., and Revelo will continue to list on the TSX-V under a new ticker symbol "RVL".
Further information regarding the Arrangement and the transactions related thereto is available under the profiles of Polar Star, Iron Creek and Revelo on SEDAR at www.sedar.com or on the Revelo website at www.reveloresources.com.
ABOUT REVELO
Revelo is building a sustainable exploration business focused on securing prospective land along the prolific mineral belts of northern Chile. Revelo is implementing effective exploration and capital management strategies to grow, advance and de-risk its portfolio to provide shareholders with multiple opportunities for exploration success.
Revelo is a Canadian company formed from the merger of Iron Creek Capital Corp. and Polar Star Mining Corporation. Revelo controls approximately 300,000 Ha of 100% owned exploration tenement along proven mineral belts in northern Chile. The portfolio is comprised of 16 high-quality exploration projects prospective for copper, gold and silver including 5 projects already under option/JV agreements with Kinross Gold (Las Pampas Project), Newmont Mining (Montezuma Project), and BHP Billiton (Blocks 2, 3 & 4 Projects). In addition, Revelo retains one royalty interest in the Victoria Project, an important copper-gold-silver exploration project in northern Chile.
Revelo was formed on December 16, 2014 upon completion of the plan of arrangement (the "Arrangement") involving Iron Creek Capital Corp. ("Iron Creek"), 9057404 Canada Inc. ("Acquireco"), a wholly-owned subsidiary of Iron Creek, and Polar Star Mining Corporation ("Polar Star").
Pursuant to the Arrangement, Iron Creek acquired all of the issued and outstanding common shares of Polar Star ("Polar Star Shares"), Polar Star amalgamated with Acquireco to continue as a wholly-owned subsidiary of Iron Creek, and Polar Star shareholders received 0.26 common shares of Iron Creek (the "Iron Creek Shares") for each Polar Star Share (the "Share Exchange Ratio"). Additionally, outstanding options to purchase Polar Star Shares were converted into options to purchase Iron Creek Shares, with appropriate adjustments to reflect the Share Exchange Ratio, and outstanding warrants to purchase Polar Star Shares, when exercised, will be exchanged into the number of Iron Creek Shares in lieu of each Polar Star Share to which such holder was theretofore entitled, with appropriate adjustments to reflect the Share Exchange Ratio.
In connection with the Arrangement, Polar Star Shares were de-listed from the Toronto Stock Exchange (the "TSX"), and applications was made for Polar Star to cease to be a reporting issuer in the applicable jurisdictions. Following the Arrangement, Iron Creek changed its name to Revelo Resources Corp., and Revelo will continue to list on the TSX-V under a new ticker symbol "RVL".
Further information regarding the Arrangement and the transactions related thereto is available under the profiles of Polar Star, Iron Creek and Revelo on SEDAR at www.sedar.com or on the Revelo website at www.reveloresources.com.
ABOUT REVELO
Revelo is building a sustainable exploration business focused on securing prospective land along the prolific mineral belts of northern Chile. Revelo is implementing effective exploration and capital management strategies to grow, advance and de-risk its portfolio to provide shareholders with multiple opportunities for exploration success.
Revelo is a Canadian company formed from the merger of Iron Creek Capital Corp. and Polar Star Mining Corporation. Revelo controls approximately 300,000 Ha of 100% owned exploration tenement along proven mineral belts in northern Chile. The portfolio is comprised of 16 high-quality exploration projects prospective for copper, gold and silver including 5 projects already under option/JV agreements with Kinross Gold (Las Pampas Project), Newmont Mining (Montezuma Project), and BHP Billiton (Blocks 2, 3 & 4 Projects). In addition, Revelo retains one royalty interest in the Victoria Project, an important copper-gold-silver exploration project in northern Chile.
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