Business
New Placer Dome Gold Shareholders Approve Acquisition by CopAur Minerals Inc.
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2022) - CopAur Minerals Inc. (TSXV: CP...
About this update from Copaur Minerals Inc.
[{"type":"text","content":"New Placer Dome Gold Shareholders Approve Acquisition by CopAur Minerals Inc.Vancouver, British Columbia--(Newsfile Corp. - May 7, 2022) - CopAur Minerals Inc. (TSXV: CPAU) (\"CopAur\") and New Placer Dome Gold Corp. (the \"Company\" or \"New Placer Dome\") (TSXV: NGLD) are pleased to announce that a significant majority of New Placer Dome's shareholders approved the special resolution (the \"Arrangement Resolution\") authorizing the previously-announced plan of arrangement pursuant to which CopAur will acquire all of the outstanding common shares of New Placer Dome (\"Common Shares\") for consideration of 0.1182 of a common share of CopAur for each Common Share held (the \"Arrangement\").The Arrangement was approved by holders of Common Shares (the \"Shareholders\") at the special meeting of Shareholders held on May 6, 2022 (the \"Meeting\"). The Arrangement Resolution was approved by approximately 99.53% of the votes cast by Shareholders. In addition, as required by Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions of the Canadian Securities Administrators (\"MI 61-101\"), the Arrangement Resolution was approved by 99.51% of the votes cast by Shareholders excluding votes cast by certain \"related parties\" and \"interested parties\" (as defined under MI 61-101). A total of 61,353,774 Common Shares were voted at the Meeting, representing approximately 34.93% of the votes attached to all Common Shares outstanding as of the record date of March 11, 2022.New Placer Dome will seek a final order of the Supreme Court of British Columbia to approve the Arrangement at a hearing expected to be held on or about May 11, 2022. The Arrangement is expected to close on or about May 13, 2022, provided all of the customary closing conditions as set forth in the definitive arrangement agreement are satisfied or waived, which include, among other things, the receipt of final approval of the Arrangement from the TSX Venture Exchange. Registered holders of Common Shares can no longer provide a written notice of dissent to the Arrangement Resolution to New Placer Dome as the deadline to exercise dissent rights pursuant to the interim order obtained in connection with the Arrangement has passed.Further details regarding the Arrangement are set out in the management information circular of the Company dat...