Business
Golden Valley Mines and Abitibi Royalties Shareholders Approve Gold Royalty Business Combination
Val-d'Or, Québec--(Newsfile Corp. - October 29, 2021) - Abitibi Royalties Inc. (TSXV: RZZ) (OTCQX: ATBYF) ("Abitibi"), Golden Valley Mines and Royalties Ltd. (T
About this update from Gold Royalty Corp.
[{"type":"text","content":" Val-d'Or, Québec--(Newsfile Corp. - October 29, 2021) - Abitibi Royalties Inc. (TSXV: RZZ) (OTCQX: ATBYF) (\"Abitibi\"), Golden Valley Mines and Royalties Ltd. (TSXV: GZZ) (OTCQX: GLVMF) (\"Golden Valley\") and Gold Royalty Corp. (NYSE American: GROY) (\"Gold Royalty\") are pleased to announce that, at special meetings of Golden Valley shareholders (the \"Golden Valley Shareholders\") and Abitibi shareholders (the \"Abitibi Shareholders\") held on October 29, 2021, the Golden Valley Shareholders and Abitibi Shareholders each overwhelmingly approved special resolutions authorizing the previously announced business combination between each of Golden Valley and Abitibi and Gold Royalty to be completed by way of statutory plans of arrangement (the \"Arrangements\") under the Canada Business Corporations Act and the Business Corporations Act (British Columbia), respectively. The Golden Valley arrangement resolution was approved by 99.803% of the votes cast by Golden Valley Shareholders present in person or represented by proxy at the Golden Valley meeting. In addition, as required by Multilateral Instrument 61-101 of the Canadian Securities Administrators (\"MI 61-101\"), the Golden Valley arrangement resolution was approved by 99.778% of the votes cast by Golden Valley Shareholders excluding votes cast by \"interested parties\" (as defined under MI 61-101). The total votes cast for the Golden Valley arrangement resolution represented approximately 64.44% of Golden Valley's total issued and outstanding common shares. The Abitibi arrangement resolution was approved by 99.916% of the votes cast by Abitibi Shareholders present in person or represented by proxy at the Abitibi meeting. In addition, as required by MI 61-101, the Abitibi arrangement resolution was approved by 99.767% of the votes cast by Abitibi Shareholders excluding votes cast by \"interested parties\" (as defined under MI 61-101). The total votes cast for the Abitibi arrangement resolution represented approximately 84.68% of Abitibi's total issued and outstanding common shares. Each holder of the common shares of Golden Valley (each, a \"Golden Valley Share\") will receive 2.1417 Gold Royalty common shares (each, a \"Gold Royalty Share\") for each Golden Valley Share held. Each holder of the common shares of Abitibi Royalties (each, an \"Abitibi Royalties Share\") will ...