Business
Aris Gold Announces Shareholder and Competition Approvals of the Business Combination with GCM Mining To Create Aris Mining
VANCOUVER, BC, Sept. 19, 2022 /CNW/ - Aris Gold Corporation (Aris Gold) (TSX: ARIS) (OTCQX: ALLXF) announces today that shareholders of Aris Gold have voted in
About this update from Aris Mining Corp
[{"type":"text","content":" VANCOUVER, BC, Sept. 19, 2022 /CNW/ - Aris Gold Corporation (Aris Gold) (TSX: ARIS) (OTCQX: ALLXF) announces today that shareholders of Aris Gold have voted in favour of the business combination with GCM Mining announced on July 25, 2022 to create Aris Mining. Aris Gold has also received final authorization from the Superintendency of Industry and Commerce (SIC), the Colombian competition regulator. Aris Mining will be a gold producer with two producing mines, two advanced development projects, and an advanced stage exploration project in the Americas. At the meeting, 108,882,097 shares were voted, representing 79% of the issued shares of Aris Gold, as detailed in the table below. Votes for Votes against number % number % Shareholder approval 108,792,514 99.92 % 89,583 0.08 % Minority approval (excluding votes required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions) 46,260,807 99.81 % 89,583 0.19 % The transaction is expected to close on September 26, 2022, subject to the satisfaction or waiver of certain customary closing conditions. Upon the transaction closing and pursuant to section 288 of the Business Corporations Act (British Columbia), GCM Mining will continue under the name Aris Mining Corporation and Aris Gold will amalgamate with 1373945 B.C. Ltd. to form Aris Mining Holdings Corp., which will be a wholly owned subsidiary of Aris Mining Corporation. About Aris Gold Aris Gold is a Canadian mining company listed on the TSX under the symbol ARIS and on the OTCQX under the symbol ALLXF. The Company is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. In Colombia, Aris Gold operates the 100%-owned Marmato mine, where a modernization and expansion program is under way, and as of April 12, 2022, operates the Soto Norte joint venture, where environmental licensing is advancing to develop a new gold mine. Aris Gold also owns the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada. Aris Gold plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification. Additional information on Aris Gold...