Placer Creek Mining Company Results of Special Meeting of Shareholders
13 May 2014 - 9:22AM
Business Wire
On March 31, 2014, a special meeting of the shareholders of
Placer Creek Mining Company was held in Post Falls, Idaho: (1) to
approve the Company’s distribution to its shareholders of all of
the Company’ shares of stock in its two subsidiaries, Evolution
Mining Company and Placer Creek Asset Management, Inc.; and (2) to
approve the consolidated merger agreement between the Company,
Placer Creek of Nevada, Inc., and Digi Outdoor Media, Inc. pursuant
to which both the Company and Digi Outdoor Media would merge with
and into Placer Creek of Nevada, with Placer Creek of Nevada being
the surviving entity.
Both the proposal for the distribution of shares and the merger
agreement were approved by shareholders owning [16,541,392] shares
of the Company’s stock, representing [82.7]% of the shares entitled
to vote. Pursuant to the signed merger agreement, the distribution
of the subsidiary shares and completion of the merger is to be
completed by May 19, 2014.
About Placer Creek Mining Company
Placer Creek Mining Company, an Idaho corporation, locates and
develops mineral properties located principally in the Coeur
d’Alene Mining District of Idaho. The Company’s properties are
currently under lease for future potential exploration. During the
past several years, the Company’s activities have been confined to
the leasing of its mining properties and general and administrative
functions.
About Digi Outdoor Media, Inc.
Digi Outdoor Media, Inc., a Nevada corporation, is an outdoor
digital advertising and media company that intends to lease
advertising space on its digital sign network to Fortune 500
companies and influential policy groups. The advertising is to be
sold through third parties as well as some direct sales by the
company. The signage will be located in high visibility traffic
areas in desirable metropolitan areas attractive to large budget
advertisers. The Company will employ the latest in technology to
provide proactive advertising to reach potential customers based on
time, date and message to maximize exposure to the advertisers’
audiences. Initially, the company will install, operate and manage
approximately 80 to 100 indoor and outdoor sign locations that are
being secured by lease and other agreements. This concept is
intended to be duplicated in other major markets throughout the US
and worldwide.
Cautionary Language Concerning Forward-Looking Statements.
This release contains “forward-looking statements” that include
information relating to future events and future financial and
operating performance. The words “may,” “would,” “will,” “expect,”
“estimate,” “intends,” “believe” and similar expressions and
variations thereof are intended to identify forward-looking
statements. Forward-looking statements should not be read as a
guarantee of future performance or results, and will not
necessarily be accurate indications of the times at, or by, which
that performance or those results will be achieved. Forward-looking
statements are based on information available at the time they are
made and/or management’s good faith belief as of that time with
respect to future events, and are subject to risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in or suggested by the
forward-looking statements.
For Placer Creek Mining CompanyMike Lavigne, 208-556-1600
Placer Creek Mining (CE) (USOTC:PRCK)
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