Atlas Salt Inc (SALT)

[TradingCharts]

Vulcan Minerals Inc. – Atlas Salt Completes Plan of Arrangement

As part of the Arrangement, Atlas Salt distributed 23,750,000 common shares of Triple Point that it received under the Arrangement to holders of common shares of Atlas Salt (the “Atlas Salt Shareholders”) on a pro rata basis, such that Atlas Salt Shareholders as of the Record Date received one common share of Triple Point for 3.68 common shares of Atlas Salt held by such holder as at that time. As part of this distribution, Vulcan as a shareholder of Atlas Salt receives 7,832,350 shares in Triple Point being 10.27 % of the outstanding shares of Triple Point.

Triple Point has applied to list its shares on the Canadian Securities Exchange which is subject to Triple Point meeting all listing requirements.

Patrick Laracy, President commented “The spinout of Triple Point by Atlas Salt will accelerate the evaluation and development of the Fischell’s Brook property which is poised to take advantage of the clean energy opportunities quickly unfolding in western Newfoundland. Vulcan’s interest in Triple Point will provide shareholders with significant exposure to these developments.”

https://www.globenewswire.com/en/news-release/2022/09/23/2521779/0/en/Vulcan-Minerals-Inc-Atlas-Salt-Completes-Plan-of-Arrangement.html