Business
Alto Advised of Special Meeting of Empress Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2020) -   Alto Ventures Ltd. (T...
About this update from Big Ridge Gold Corp
[{"type":"text","content":"Alto Advised of Special Meeting of Empress ShareholdersVancouver, British Columbia--(Newsfile Corp. - June 1, 2020) -  Alto Ventures Ltd. (TSXV: ATV) (\"Alto\" or the \"Company\") is pleased to provide an update on the status and timing of the arrangement to be effected pursuant to the Business Corporations Act (British Columbia) (the \"Arrangement\") involving Empress Resources Corp. (\"Empress\") and Empress's wholly-owned subsidiary, Empress Royalty Corp. (\"Empress Royalty\").Special Meeting of Empress Shareholders and Warrantholders & Interim OrderAlto is advised that Empress has set the date for the special meeting of its shareholders and warrantholders to approve the Arrangement for June 30, 2020 (the \"Meeting\"). On May 28, 2020, Empress obtained the interim order of the Supreme Court of British Columbia (the \"Court\") made in connection with the Arrangement and providing for, among other things, the calling and holding of the Meeting, as may be amended, supplemented or varied by the Court.Amending AgreementOn May 23, 2020, Empress and Alto entered into an amending agreement (the \"Amending Agreement\"), which, among other things, extended certain dates in connection with the Arrangement and provided that the shares of Empress Royalty that Empress shareholders will receive in connection with the Arrangement must be listed within 180 days of the effective date of the Arrangement either directly or indirectly as a result of the exchange of its shares with a listed company or Empress Royalty must return to Alto the marketable securities (or the monetary value thereof) to be transferred to Empress Royalty in connection with the Arrangement. The Amending Agreement also approved the revised plan of arrangement attached thereto.The Amending Agreement will be made available on Alto's SEDAR profile at www.sedar.com. It is anticipated that the closing of the Arrangement will occur on or about July 6, 2020.About Alto Ventures LtdAlto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. The Company is active in the Abitibi greenstone belt in Quebec on the Destiny gold property and also has projects in the Beardmore-Geraldton gold belt in Ontario and the Oxford Lake project in Manitoba. For more details regarding the Company's projects, please vi...