CAN-CAL RESOURCES LTD. (OTCMKTS:CCRE) Files An 8-K Other EventsItem 8.01 Other Events.
On April 2, 2018, the Eighth Judicial District Court of the State of Nevada In and For Clark County, Nevada (the “Court”), entered an order preliminarily approving a proposed settlement of the derivative lawsuit titled Sloan et al v. Can-Cal Resources, Ltd. et al, Case No. A-14-701465-B, pending with the Court (the “Derivative Action”). The proposed settlement is subject to final approval by the Court.
As required by the preliminary approval order, a copy of the Summary Notice of Proposed Settlement and Settlement Hearing (the “Summary Notice”), is attached to this Current Report on Form 8-K as Exhibit 99.1. The Stipulation and Agreement of Settlement and the detailed Notice of Proposed Settlement and Settlement Hearing, describing the Derivative Action, the proposed Settlement, and the rights of Can-Cal shareholders with regard to the settlement, has been filed with the Court and is available for viewing on Defendants' Counsels' websites (www.hollandandhart.com and www.joneslovelock.com), or on Plaintiffs' Counsel's website (www.sklarlaw.com/notices/Can-Cal). Other information contained in or accessible through the Company’s website or the websites of the third parties described above does not constitute part of, and is not incorporated into, this Current Report on Form 8-K.
Shareholders and investors are encouraged to read and review the full text of the Stipulation, which includes the terms of the proposed settlement, which can be read at the links above.
Use of Forward-Looking Statements
Except for the historical information contained herein, this Form 8-K contains forward-looking statements made to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this Form 8-K regarding: (i) the amended stipulation of settlement, (ii) the impact of such settlement, including related activities, approvals and payments, and (iii) other statements that are not historical facts, constitute forward-looking statements. These statements involve risks and uncertainties that can cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties, include, without limitation, risks and uncertainties related to: (i) the settlement not receiving the requisite final approval; (ii) the settlement not having the expected impact, including resolving the Derivative Actions; and (iii) the settlement requiring more activity or expense than expected. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made, and the facts and assumptions underlying the forward-looking statements may change. Except as required by law, Can-Cal Resources, Ltd., disclaims any obligation to update these forward-looking statements to reflect future information, events or circumstances.
Item 9.01 Financial Statements and Exhibits.
|99.1||Summary Notice of Proposed Settlement|
CAN CAL RESOURCES LTD ExhibitEX-99.1 2 cancal_8k-9901.htm SUMMARY NOTICE OF PROPOSED SETTLEMENT Exhibit 99.1 IN THE EIGHTH JUDICIAL DISTRICT COURT OF THE STATE OF NEVADA IN AND FOR CLARK COUNTY RONALD D. SLOAN; ROBIN SCHWARZ; GARY COLLINS; JILL BROWN; LARK TERRELL; NANCY HERBOLD; DANIEL R. SLOAN; BETTY ANN SLOAN; PEARL KIRK; JAMES BOAN; N O WAIT; LARRY ORWICK; PATRICIA LA SALLE; BRIAN WOLFE; STUART R. CAMERON; ROBERT WEBSTER; HUGO BONDI; JOAN BRATSETH; P A BRATSETH; DEREK MILANI; DEAN RACHEY; SAM BROUNSTEIN; SANDRA JANSEN; BRIAN JANSEN; RHONDA KIM NICHOLS; SCOTT NICHOLS; CARMEN ADAIR; KRISTA SCHOFIELD; MARK BRATSETH; ROSE TRUST 11; CLIFF OLSON; DON COLLINS; ROYCE NORDSTROM; NATALIE MAYZEL; DAVID JESSKE; THORNTON D. BARNES; JAMES HASON; SANDRA HASON; EDDIE GUILLET; RYAN GUILLET; ON BEHALF OF CAN-CAL RESOURCES,…To view the full exhibit click
About 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.