Pinnacle Provides Updates on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico, and on Canada Postal Strike and Mailing of the Company's 2024 Annual General Meeting Materials

Pinnacle Provides Updates on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico, and on Canada Postal Strike and Mailing of the Company's 2024 Annual General Meeting Materials

 

(TheNewswire)

 
  
  Pinnacle Silver and Gold Corp. 
 
 

VANCOUVER, BRITISH COLUMBIA, December 10, 2024 TheNewswire - (TSXV: PINN; OTC:NRGOF; Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is providing an update on the proposed acquisition of a staged option to acquire up to a 100% interest, subject to a 2% NSR, in the Potrero gold-silver project in Durango, Mexico, as announced in Pinnacle news release of Oct. 28, 2024 .

 

  As the proposed acquisition is subject to TSXV approval and the transaction is considered by the TSXV to be a "Fundamental Acquisition",   Section 3.5 of Exchange Policy 3.3   requires regular updates on the progress of the transaction.  

 

  The Company reports that technical and legal due diligence are almost complete, the requisite NI 43-101 Technical Report is well underway, the preparation of a final Definitive Agreement and Title Opinion are in the final stages and the financing is progressing well.  There is no change to the terms of the financing.  As such, the Company anticipates being in a position to file with the TSXV by mid-January.  

 

  The Company also wishes to notify shareholders that in case of disruption due to the ongoing Canada Post strike, the Company's meeting materials (the "Meeting Materials") for the Company's upcoming annual general meeting to be held on January 10, 2025 at 11:00 a.m. (Vancouver Time) (the "Meeting"), may be viewed on the Company's SEDAR+ profile at     www.sedarplus.ca     and are also available electronically on the Company's website at     www.pinnaclesilverandgold.com     .  

 

  Due to the postal strike, it is possible that the Meeting Materials will not be delivered to shareholders prior to the Meeting.  Shareholders will still be able to vote their shares either directly or by proxy, or indirectly via their intermediary. Registered and beneficial shareholders who have not received their Meeting Materials, including the proxy, can direct requests for copies of the Meeting Materials to the Corporate Secretary at the contact details below. The Company will provide copies of the Meeting Materials by email to each shareholder who requests them while the strike is ongoing, at no charge.  

 

  If you are a registered shareholder, please contact Computershare Investor Services Inc. ("Computershare") at 1-800-564-6253 (toll free within North America) between 8:30 am and 8:00 pm Eastern Time or +1-514-982-7555 (international direct dial) to obtain your voting control number (subject to passing of identity verification). With the voting control number, you can vote online at     www.investorvote.com     . If you are unable to obtain your voting control number, you can use the generic Form of Proxy available on SEDAR+ or the Company's website, write in the registered holder's name, address, number of shares, holder account number, indicate your votes and sign (Corporate holders should also indicate name and title of person signing), and fax the completed proxy form by 11:00 am Pacific Standard Time on January 8, 2025 to Computershare at 1-866-249-7775 (Toll Free North America) or 416-263-9524 (International).  

 

  If you hold shares through an intermediary such as a brokerage firm, please contact your intermediary directly for a copy of the proxy form and instructions for voting.  

 

  The Company's annual financial statements and related management discussion and analysis, as well as interim financial statements and related management discussion and analysis are available on the Company's SEDAR+ profile and the Company's website as noted above.  

 

  Qualified   Person  

 

  Mr.   Robert   A.   Archer,   P.   Geo, a Qualified   Person   as   defined   by   National   Instrument   43-101,   and the President   and   CEO   of   the   Company,   has   reviewed,   verified   and   approved for disclosure the technical   information   contained   in   this   news   release.  

 

  ABOUT Pinnacle Silver and Gold Corp.  

 

  Pinnacle   is   currently   focused   on   district-scale   exploration   for   precious   metals   in the prolific   Red   Lake   District   of   northwestern   Ontario.   The   past-producing   high-grade   Argosy   Gold   Mine   is   open to depth,   while the adjacent   North   Birch   Project   offers   additional   district-scale   potential.   Pinnacle   is   also   actively   looking for other   district-scale   opportunities   in   the   Americas,   with a particular   focus   on   silver   and   gold.   With a seasoned,   highly   successful   management   team   and   quality   projects,   Pinnacle   Silver   and   Gold   is   committed to building   long -term ,   sustainable   value   for   shareholders.  

 

  Signed:   "Robert   Archer"   President & CEO  

 

  FOR   FURTHER   INFORMATION   CONTACT:  

 

  Email:    info@pinnaclesilverandgold.com    Tel.:   +1-877-271-5886   ext.   110  

 

  Website:    www.pinnaclesilverandgold.com   

 

  Neither   the   TSX   Venture   Exchange   nor   the   Investment   Industry   Regulatory   Organization   of   Canada   accepts   responsibility   for   the   adequacy   or   accuracy   of   this release   .  

 

Copyright (c) 2024 TheNewswire - All rights reserved.

 

 

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