Stocks in play: ATAC Resources Ltd
Has entered into a definitive agreement with Hecla Mining Company 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. 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 Hecla shares to be received by ATAC shareholders represent a value of $0.14 per ATAC share held based on Hecla's five-day volume-weighted average trading price ending April 3, 2023. ATAC Resources Ltd shares V.ATC are trading up $0.02 at $0.15.
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