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Montan Mining Provides Time Sensitive & Critical Supplemental Update To Special And Annual General Meeting Information Circular
(via TheNewswire) Vancouver, BC / TheNewswire / May 31, 2018 - Montan Mining Corp . (TSX...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"Montan Mining Provides Time Sensitive & Critical Supplemental Update To Special And Annual General Meeting Information Circular(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / May 31, 2018 - Montan Mining Corp. (TSX-V: MNY | FSE: S5GM | SSE: MNYC) (\"Montan\" or the \"Company\") is urgently directing shareholders to refer to SEDAR for a recently uploaded Supplement to the Management Information Circular dated May 7, 2018 (the \"Supplement\"). The Supplement restates and updates certain disclosure filed by the Company in its Management Information Circular filed on SEDAR on May 14, 2018 and again on May 17, 2018, with respect to the annual general and special meeting of shareholders of the Company, at which, among other things, the shareholders of the Company will be asked to consider and, if thought fit, to approve a proposed Shares for Debt Transaction between the Company and Lions Bay Capital Inc. (\"Lions Bay\").\n\n \n \nThis Supplement to Management Information Circular amends and replaces the discussion, beginning on Page 23 of the Management Information Circular (the \"Circular\"), concerning a Shares for Debt Transaction between the Company and Lions Bay (the \"Transaction\") described in an agreement (the \"Transaction Agreement\") dated May 8, 2018. In addition, the Circular discloses that Lions Bay is a 'related party' within the meaning of Multilateral Instrument 61-101, Protection of Minority Shareholders in Special Transactions (\"MI 61-101\"), and it discloses that the Transaction would therefore constitute a 'related party transaction' within the meaning of MI 61-101. This disclosure was incorrect - Lions Bay is not currently a 'related party' and the transaction will not constitute a 'related party transaction' within the meaning of MI 61-101. In addition, the Circular disclosed that the Agreement provided that the Transaction would be carried out in two stages; it disclosed the terms of the first stage and provided that the terms of the second stage would be determined when the Company conducted its next private placement financing. The Company and Lions Bay have amended and restated the Transaction Agreement pursuant to an Agreement dated May 28, 2018 (refer News Release of May 30th, 2018) and the discussion of the Agreement and the Transaction included in the Supplement to Management Information Circula...