Business
Brazilian Gold Shareholders Approve Arrangement with Brazil Resources
VANCOUVER , Nov. 20, 2013 /CNW/ - Brazil Resources Inc. (" Brazil Resources") (TSX-V: B...
About this update from Goldmining Inc.
[{"type":"text","content":"\n\n\nVANCOUVER, Nov. 20, 2013 /CNW/ - Brazil Resources Inc. (\"Brazil\n Resources\") (TSX-V: BRI; OTCQX: BRIZF) and Brazilian Gold Corporation\n (\"BGC\") (TSX-V: BGC) are pleased to jointly announce that at a special\n meeting of shareholders of BGC held earlier today (the \"Meeting\"), BGC\n shareholders voted in favour of the proposed transaction pursuant to\n which Brazil Resources will acquire all of the issued and outstanding\n common shares of BGC by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the \"Arrangement\").  Over 94% of the shares voted\n at the Meeting were voted in favour of the special resolution approving\n the Arrangement.\n\n\nBGC's application to the Supreme Court of British Columbia to obtain the\n final order approving the Arrangement is currently scheduled for\n Thursday, November 21, 2013.  If court approval is obtained and all\n other conditions precedent to the Arrangement are satisfied or waived,\n the Arrangement is expected to become effective on or about November\n 22, 2013.\n\n\nAbout Brazil Resources Inc.\n\n\nBrazil Resources is a public mineral exploration company with a focus on\n the acquisition and development of projects in emerging producing gold\n districts in Brazil, Paraguay and other parts of South America.\n Currently, Brazil Resources is advancing its Cachoeira, Montes Áureos\n and Trinta Gold Projects located in the Gurupi Gold Belt in\n northeastern-Brazil, and its Artulandia Copper-Gold Project in central\n Brazil.\n\n\nAbout Brazilian Gold Corporation\n\n\nBGC is a Canadian-based public company with a focus on the acquisition,\n exploration and development of gold properties located in northern\n Brazil. BGC has title to one of the largest mineral exploration land\n packages (3,753 km2) in the Tapajós and adjacent Alta Floresta gold provinces. The land\n package contains green fields to more advance stage projects including\n BGC's flagship São Jorge project. Rapid improvements to regional\n infrastructure continue to provide underlying support to Brazilian\n Gold's activities in northern Brazil.\n\n\nForward Looking Statements\n\n\nThis document contains certain forward-looking statements that reflect\n the current views and/or expectations of Brazil Resources and/or BGC\n (the \"Companies\") with respect to the...