Business
Regulus Resources Announces Shareholder Approval and Final Court Approval of Plan of Arrangement
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES. VANCOUVER, British Columbia, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Regulus Resour
About this update from Regulus Resources Inc
[{"type":"text","content":" NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES. VANCOUVER, British Columbia, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Regulus Resources Inc. (“Regulus” or the “Company”) (TSX-V: REG) is pleased to announce that, further to its press release dated June 29, 2018, it has received requisite shareholder approval for its previously announced plan of arrangement involving Regulus, Aldebaran Resources Inc. (“Aldebaran”), Sibanye Gold Limited and the Regulus shareholders (the “Arrangement”). Such approval was obtained at the annual and special meeting of Regulus shareholders held on September 21, 2018, where Regulus shareholders voted 99.8% in favour of the Arrangement. As previously announced, pursuant to the Arrangement, Regulus will spin out its Argentine assets, including the Rio Grande and Aguas Calientes projects, into a newly formed company, Aldebaran, which has applied to list its common shares on the TSX Venture Exchange (“TSX-V”) (subject to TSX-V approval). Regulus shareholders as of the close of business on the record date of September 28, 2018 will receive one common share of Aldebaran for every three Regulus shares held. Regulus shareholders are cautioned that only holders of record as of the close of business on September 28, 2018 will be entitled to receive Aldebaran shares under the Arrangement. Investors should allow sufficient time for the settlement of any Regulus shares purchased on the TSX-V prior to the record date and are encouraged to contact their investment advisors with any questions in this regard. The $20,140,000 private placement financing announced by Regulus on August 22, 2018 is scheduled to close on September 27, 2018 and all Regulus shares purchased pursuant to that financing will be entitled to receive Aldebaran shares under the Arrangement. The requisite final court order from the Alberta Court of Queen's Bench has been obtained in respect of the Arrangement, and Regulus and Aldebaran expect that the Arrangement will close and become effective on or about October 3, 2018, subject to the satisfaction of customary closing conditions, including receipt from the TSX-V of conditional listing approval for the Aldebaran shares. For further information Regulus shareholders should refer to the Company’s management information ...