Business

Amarilo received a final order from the British Columbia Supreme Court on the Arrangement Plan, the Canadian Business Journal.

Toronto, March 7, 2022 (GLOBE NEWSWIRE) — Amarillo Gold Corporation (“Company” or “Amarillo”) (TSXV: AGC, OTCQB: AGCBF) has previously announced plans from the British Columbia Supreme Court. I got the final order to approve.Of the arrangement under (“arrangement”) Business Company Act (British Columbia) Acquisition of Amarillo by Hochschild Mining PLC (“Hochschild”). Under this agreement, each share of Amarilo will be exchanged for a cash consideration of C $ 0.40 and one share of Lavras Gold Corporation (“Lavras Spinco”), a new exploration company focused on Brazil.

Information on the procedure for exchanging Amarilo shares for consideration of arrangements can be found in the Company’s Management Information Circular dated January 27, 2022. .com / Investmentors / amarillo-hochschild-transaction.

Registered shareholders of Amarilo must complete and sign the cover page and return it with a certificate / DRS advice representing shares and other necessary documents and means, following the instructions on the cover page. .. A cover page for the Amarillo share exchange is available on SEDAR’s company profile at www.sedar.com and on the company’s website at www.amarillogold.com/investors/amarillo-hochschild-transaction.

Unregistered Amarilo shareholders who hold shares through brokers, investment dealers, banks, trust companies, custodians, nominees, or other intermediaries or depositaries will contact the intermediary for instructions and assistance to receive consideration for the arrangement. need to do it.

Arrangements will continue subject to Hochschild’s shareholder approval, Toronto Venture Exchange’s approval of LavrasSpinCo, and the satisfaction of other customary terms. Hocksilt will host a shareholders’ meeting on March 22, 2022, with the arrangement ending at the end of March or early April 2022.

After the arrangement is complete, Amarilo’s shares will be delisted from the TSX Venture Exchange and OTC QB. We will also apply to the securities regulators of the applicable states at the end of the arrangement to cease to be the report issuer in these jurisdictions.

About Amarillo

Amarillo Gold Corporation is a Canadian company focused on researching and developing two gold projects in Brazil. The Labras Dosul project in the research stage of Rio Grande do Sul and the Posse Gold project in the development stage of the Mararosa property in Goias. Amarilo is traded on the TSXV under the AGC symbol and on the OTC QB under the AGCBF symbol.

Follow Amarillo on LinkedIn. twitterYouTube, and www.amarillogold.com

contact address

Mike Matchler
President and CEO
416-294-0736
mike.mutchler@amarillogold.com
Anemaly Brissenden
Investor public relations
416-844-6284
annemarie.brissenden@amarillogold.com

Disclaimer
Neither the TSX Venture Exchange nor its Regulatory Service Providers (as defined in the TSX Venture Exchange Policy) are responsible for the validity or accuracy of the content of this news release.

Language of forward-looking statements and cautions
The specific information provided in this news release constitutes a forward-looking statement. Specifically, this news release contains forward-looking statements related to the arrangement and related final orders, as well as the expected timing of the end of the arrangement.

Forward-looking statements are based on certain important expectations and assumptions. With respect to the expected timing of termination of the arrangement, these include expectations and assumptions regarding the timely receipt of all necessary court, shareholder and regulatory approvals, and the fulfillment of all other conditions for termination of the arrangement. increase.

Amarilo believes that the expectations and assumptions underlying the forward-looking statement are reasonable at the time of preparation, but Amarilo cannot provide any assurance that they will prove correct in the future. You should not place excessive reliance on your outlook statement. .. Forward-looking statements, by their very nature, carry inherent risks and uncertainties as they correspond to future events and circumstances. Actual results may differ significantly from what is currently expected due to many factors and risks. There is no guarantee that the arrangement will end at the scheduled time or at all. These and other risks are detailed in Amarilo’s recent Circulation of Management Information and management discussions and analysis for the year ended December 31, 2021.

Forward-looking statements contained in this news release are current as of this document. Except as required by applicable securities law, Amarilo is obliged to publicly update or revise any forward-looking statement made in this document or otherwise as a result of new information, future events, etc. Shall not bear.

This news release does not constitute an offer to sell or buy securities, but an offer, solicitation, or sale in a state or jurisdiction where such offer, solicitation, or sale is illegal. It’s not a thing. Securities distributed in accordance with the arrangement have not been and will not be registered under the Securities Act of 1933 (the Securities Act of 1933) or the State Securities Act, and the United States will be the United States Securities Act and the applicable states. It lacks registration or applicable exemptions from the registration requirements of the Securities Act. Securities distributed in accordance with the arrangement are offered and sold in the United States in accordance with the registration tax exemption set forth in Section 3 (a) (10) of the US Securities Act and similar tax exemptions under applicable state securities law. increase.

Available PDFs: http: //ml.globenewswire.com/Resource/Download/70dd0ccc-e215-4c62-b305-2636d0804761


CBJ News Maker



Amarilo received a final order from the British Columbia Supreme Court on the Arrangement Plan, the Canadian Business Journal.

Source link Amarilo received a final order from the British Columbia Supreme Court on the Arrangement Plan, the Canadian Business Journal.

Related Articles

Back to top button