ICG Silver & Gold Announces Execution of Arrangement Agreement to Purchase the Tuscarora District from American Pacific Mining

Core Viewpoint - ICG Silver & Gold Ltd. has entered into an arrangement agreement to acquire 100% of the Tuscarora and Danny Boy projects from American Pacific Mining Corp, aiming to unlock the potential of the Tuscarora District in Nevada, a region known for its high-grade silver and gold mineralization [1][2][5] Transaction Summary - ICG will acquire Clearview Gold Inc. and American Pacific Mining Corp's subsidiaries in exchange for 11,500,000 common shares and contingent payments, including US$5,000,000 upon commercial production [3][4] - APM will distribute 7,500,000 of the Consideration Shares to its shareholders, resulting in them holding approximately 19% of the issued ICG Shares post-transaction [4][7] Project Details - The Tuscarora District is an epithermal system located on the Carlin Trend, covering approximately 8,000 acres, with extensive geological work already completed [5][18] - ICG aims to advance the district through systematic exploration and technical studies, focusing on resource definition and future development [20] Management and Expertise - ICG is led by a team with extensive experience in exploration, permitting, and capital markets, particularly in the Western United States [19][20] - The company is in the process of completing a capital raise and plans to go public on the Canadian Securities Exchange in Q1 2026 [18][12] Approval and Conditions - The transaction requires court approval and the support of at least two-thirds of APM shareholders, along with other customary regulatory approvals [10][12] - Directors and officers of APM holding approximately 1.2% of the shares have agreed to vote in favor of the transaction [13]