Business
Eco Oro Completes Plan of Arrangement
Eco Oro Completes Plan of Arrangement Canada NewsWire VANCOUVER, Oct. 16, 2017 ...
About this update from Eco Oro Minerals Corp.
[{"type":"text","content":"\n\n\n\nEco Oro Completes Plan of Arrangement\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\nCanada NewsWire\nVANCOUVER, Oct. 16, 2017\n\n\n\nVANCOUVER, Oct. 16, 2017 /CNW/ - Eco Oro Minerals Corp. (\"Eco Oro\" or the \"Company\") (TSX: EOM) is pleased to announce that its previously announced plan of arrangement, pursuant to the Business Corporations Act (British Columbia) (the \"Plan of Arrangement\"), has become effective.\n\nUnder the Plan of Arrangement, a portion of the contingent value rights (\"CVRs\") issued by the Company were redistributed among the electing shareholders of the Company that did not previously hold CVRs (such electing shareholders, \"Participating Entitled Shareholders\"). Such CVRs are held by Kingsdale Partners LP (the \"Custodian\"), as agent and depositary for the Participating Entitled Shareholders, pursuant to a custodian and depositary agreement between the Company and the Custodian and agreed to by the Participating Entitled Shareholders. \n\nIn addition, under the Plan of Arrangement, the conversion of certain of the Company's notes was rescinded such that the 10,600,000 shares issued in connection therewith were cancelled and the Company reinstated and reissued approximately US$4,721,257 principal amount of notes originally converted, resulting in an aggregate principal amount of approximately US$9,672,727 of notes currently outstanding. 1,750,000 options of the Company were also terminated for no consideration. \n\nCompany Profile\n\nEco Oro Minerals Corp. is a publicly-traded precious metals exploration and development company with a portfolio of projects in Colombia. Eco Oro has been focused on its wholly-owned, multi-million ounce Angostura gold-silver deposit, located in northeastern Colombia.\n\nForward-Looking Information\n\nCertain statements in this press release are \"forward-looking\" statements within the meaning of Canadian and United States securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Forward-lookin...