Can-Cal Resources Ltd. (OTCMKTS:CCRE) Files An 8-K Other EventsItem 8.01 Other Events
Current Lawsuit
Can-Cal and the plaintiffs to the United States derivative lawsuit filed by 39 Can-Cal shareholders against Can-Cal, Candeo Lava Products Inc., FutureWorth Capital Corp., and several former directors of Can-Cal, have agreed in principle to settle the outstanding litigation. Notwithstanding the agreement in principle, a final settlement may not be able to be reached on commercially favorable terms, on a timely basis or at all.
Postponement of Shareholder Meeting
Due to the above settlement in principle, the Board of Directors of Can-Cal has determined that it is prudent to postpone the previously announced shareholders meeting of Can-Cal until a date to be determined in early 2018. It is anticipated that prior to the date of the meeting the Company will have filed updated financial statements and other disclosures with the Securities and Exchange Commission.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit Number | Description |
| 99.1 | Press Release dated December 4, 2017, titled “Can-cal Resources Ltd. Announces Updates to Lawsuit and Postponement of Shareholders Meeting” |
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Can-Cal Resources Ltd. | |
| (Registrant) | |
| DateDecember 4, 2017 | |
| By: | /s/ Casey Douglass |
(CAN CAL RESOURCES LTD ExhibitEX-99.1 2 cancal_8k-ex9901.htm PRESS RELEASE Exhibit 99.1 Can-Cal Resources Ltd. Announces Updates to Lawsuit and Postponement of Shareholders Meeting CALGARY,…To view the full exhibit click hereAbout Can-Cal Resources Ltd. (OTCMKTS:CCRE) Can-Cal resources Ltd. is an exploration-stage company. The Company is engaged in seeking the acquisition and exploration of metals mineral properties. The Company owns, leases or has mining interest in two mineral properties in the southwestern United States (California and Arizona): Cerbat, Arizona and Pisgah, California. The Pisgah Project is located in San Bernardino County, approximately 70 kilometers east of the city of Barstow, California, and over 310 kilometers south-southeast of Las Vegas, Nevada, United States. The Company’s Pisgah property consists of approximately 120 acres located over 10 miles southwest of Ludlow, California, with a hill of volcanic cinders. The Cerbat Group of claims is located in the Hualapai Mining District, approximately 15 miles north from Kingman. The Company’s Cerbat Property includes approximately six patented mining claims in the Cerbat Mountains, Hualapai Mining District, and Mohave County, Arizona. |
