Business
New Placer Dome Gold Corp. Files Special Meeting Materials For Arrangement With Copaur Minerals Inc.
Vancouver, British Columbia--(Newsfile Corp. - April 12, 2022) - CopAur Minerals Inc. (TSXV: C...
About this update from Copaur Minerals Inc.
[{"type":"text","content":"New Placer Dome Gold Corp. Files Special Meeting Materials For Arrangement With Copaur Minerals Inc.Vancouver, British Columbia--(Newsfile Corp. - April 12, 2022) - CopAur Minerals Inc. (TSXV: CPAU) (\"CopAur\") and New Placer Dome Gold Corp. (TSXV: NGLD) (\"New Placer Dome\") are pleased to announce that New Placer Dome has filed on SEDAR and commenced sending materials to its shareholders (the \"NGLD Shareholders\"), including the management information circular of the New Placer Dome dated April 7, 2022 (the \"Information Circular\"), for the special meeting of NGLD Shareholders (the \"Meeting\") to be held on May 6, 2022 in connection with the contemplated acquisition by CopAur of all of the issued and outstanding common shares of New Placer Dome (\"NGLD Shares\") by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the \"Arrangement\") pursuant to an arrangement agreement dated March 7, 2022, as amended (the \"Arrangement Agreement\"). Assuming completion of the Arrangement, New Placer Dome will become a wholly-owned subsidiary of CopAur.Materials for the Meeting, including the Information Circular, are available under New Placer Dome's profile on SEDAR at www.sedar.com and on New Placer Dome's website at www.newplacerdome.com.Under the terms of the Arrangement Agreement, CopAur has agreed to issue to NGLD Shareholders 0.1182 common shares of CopAur for every one (1) outstanding NGLD Share (the \"Exchange Ratio\") held, pursuant the Arrangement. All outstanding stock options of New Placer Dome will be exchanged for options of CopAur and all warrants of New Placer Dome will become exercisable to acquire common shares of CopAur, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio. Completion of the Arrangement is subject to certain conditions including (i) the approval of the Supreme Court of British Columbia, (ii) the approval of the Arrangement by not less than two-thirds (66⅔%) of the votes cast by NGLD Shareholders, and (iii) a simple majority of the votes cast by the minority NGLD Shareholders (excluding shareholders whose votes are required to be excluded pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions) and (iv) approval by all applicable regulatory authorities, including the TSX Venture Ex...