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Auryn and Eastmain Securityholders Overwhelmingly Approve the Auryn Reorganization and Eastmain Acquisition
VANCOUVER, BC and TORONTO, ON / ACCESSWIRE / October 5, 2020 / Auryn Resources Inc. (TSX:AUG...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Auryn and Eastmain Securityholders Overwhelmingly Approve the Auryn Reorganization and Eastmain AcquisitionVANCOUVER, BC and TORONTO, ON / ACCESSWIRE / October 5, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) (\"Auryn\") and Eastmain Resources Inc. (TSX:ER) (\"Eastmain\") are pleased to jointly announce that securityholders of both companies voted today at special meetings to approve their respective plans of arrangement pursuant to which Auryn will spin out its Peruvian assets and immediately thereafter acquire Eastmain (the \"Transaction\"). Voting support for the Transaction was in excess of 99% of the securities voted for each Company. Shareholder participation was 63.97% for Auryn and 40.03% for Eastmain. The remaining principal condition to the completion of the Transaction is obtaining the final orders of the British Columbia Supreme Court and Ontario Superior Court of Justice at hearings which are scheduled for October 7, 2020.Pursuant to the Transaction, Auryn will acquire Eastmain after spinning out its Peruvian assets into two new companies and distributing the shares of those new companies to Auryn's shareholders. The Transaction will also create Fury Gold Mines Limited (\"Fury Gold\"), a leading developer of Canadian gold projects.A Message from Ivan Bebek, Executive Chairman & Director of Auryn:\"On behalf of the board and team at Auryn, I would like to thank all our securityholders for support of our plan to create three significant opportunities to unlock considerable value across our portfolio of high-quality projects. The three companies will offer premier growth and exploration opportunities in gold, copper and silver as we head into a robust commodity market.\"A Message from Blair Schultz, Interim President & CEO of Eastmain:\"The Eastmain management and board would like to thank our shareholders for their support. We are excited to create Fury Gold Mines and eager for this future developer to establish itself as a premier Canadian focused mining company.\"Auryn Annual and Special Meeting ResultsThe detailed voting results from the Auryn meeting are as follows:Special Resolutions Relating to Transaction Votes ForVotes For (%)Votes AgainstVotes Against (%)Reorganization Arrangement (by holders of Auryn common shares)52,959,23699.57%228,9630.43%Reorganization Arrangement (by holders of Auryn ...