Business
ARIS GOLD AND GCM MINING FILE JOINT CIRCULAR FOR SPECIAL MEETINGS OF SHAREHOLDERS TO APPROVE BUSINESS COMBINATION
ARIS GOLD AND GCM MINING FILE JOINT CIRCULAR FOR SPECIAL MEETINGS OF SHAREHOLDERS TO APPR...
About this update from Aris Mining Corp
[{"type":"text","content":"\n \n \n \n ARIS GOLD AND GCM MINING FILE JOINT CIRCULAR FOR SPECIAL MEETINGS OF SHAREHOLDERS TO APPROVE BUSINESS COMBINATION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n and\n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 18, 2022\n \n \n /CNW/ -\n \n GCM Mining Corp.\n \n (GCM Mining) (TSX: GCM) (OTCQX: TPRFF) and\n \n Aris Gold Corporation\n \n (Aris Gold) (TSX: ARIS) (OTCQX: ALLXF) announce they have filed the joint management information circular and related meeting materials in connection with their respective special meetings of shareholders to be held on\n \n September 19, 2022\n \n . The purpose of the meetings is to approve the proposed business combination of GCM Mining and Aris Gold announced on\n \n July 25, 2022\n \n . The combined entity will continue under the name Aris Mining Corporation and will be a gold producer with increased scale, increased diversification of operating and project development risk, have an improved capital markets profile, and reduced overhead costs.\n \n \n Pursuant to the transaction, Aris Gold shareholders will receive 0.5 of one GCM Mining share for each Aris Gold share held. At closing, based on the respective share values at the date of announcement of the transaction, GCM Mining and Aris Gold shareholders (excluding the 44% of Aris Gold shares held by GCM Mining) will own approximately 74% and 26% of the combined entity, respectively, on a diluted in-the-money basis.\n \n \n \n The Board of Directors of GCM Mining and the Board of Directors of Aris Gold have unanimously approved the transaction and recommend that shareholders vote in favour of the transaction at their respective meetings.\n \n \n \n On\n \n August 16, 2022\n \n , Aris Gold obtained an interim order from the Supreme Court of\n \n British Columbia\n \n authorizing the holding of the Aris Gold special meeting of its shareholders and matters relating to the conduct of the Aris Gold Meeting. Mailing of the joint management information circular and related meeting materials will begin soon and shareholders ...