WALLACE, Idaho--(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.