American Pacific Mining Anticipates Closing Arrangement with ICG Silver & Gold
American Pacific Mining Corp. expects to close its plan of arrangement with ICG Silver & Gold Ltd. on March 25, 2026. ICG will acquire American Pacific's subsidiaries holding the Danny Boy and Tuscarora projects in Nevada.
Vancouver, British Columbia – American Pacific Mining Corp. (CSE: USGD) has provided an update on its previously announced plan of arrangement with ICG Silver & Gold Ltd., anticipating a closing date of March 25, 2026. ICG has received conditional approval from the Canadian Securities Exchange (CSE) for the listing of its shares.
Under the arrangement, ICG will acquire all issued and outstanding shares of Clearview Gold Inc. and American Pacific Mining (US) Inc. These subsidiaries hold the Danny Boy and Tuscarora projects, respectively, in Nevada. American Pacific will receive 11,500,000 ICG shares in exchange. The company plans to distribute 7,500,000 of these ICG shares to its shareholders on a pro-rata basis, according to a determined exchange ratio.
American Pacific shareholders approved the arrangement at a meeting on February 25, 2026, and the Supreme Court of British Columbia issued a final order approving it on February 27, 2026. Following the closing, American Pacific's new shares are expected to trade under new CUSIP and ISIN numbers.
ICG Silver & Gold is a mineral exploration and development company advancing the Tuscarora District in Nevada, with plans for a public listing in Q1 2026. American Pacific Mining Corp. is a precious and base metals explorer and developer focused on opportunities in the Western United States, with its flagship asset being the Madison Copper-Gold Project in Montana.