Business
NGEx Minerals Files Notice of Special Meeting and Information Circular for Proposed Spin-Out and New Technical Reports for the Lunahuasi Project and Los Helados Project
NGEx Minerals Files Notice of Special Meeting and Information Circular for Proposed Spin-Out and ...
About this update from Ngex Minerals Ltd.
[{"type":"text","content":"\n\n\n\n NGEx Minerals Files Notice of Special Meeting and Information Circular for Proposed Spin-Out and New Technical Reports for the Lunahuasi Project and Los Helados Project\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 22, 2025\n \n\n /CNW/ -\n \n NGEx Minerals Ltd. (\"NGEx\", \"NGEx Minerals\" or the \"Company\")\n \n (TSX: NGEX) (OTCQX: NGXXF) is pleased to report that, further to its news release dated\n \n July 22, 2025\n \n , the Company has mailed and filed a notice of meeting and management information circular dated\n \n August 12, 2025\n \n (the \"\n \n Circular\n \n \"), and related meeting materials (collectively, the \"\n \n Meeting Materials\n \n \"), for its special meeting (the \"\n \n Meeting\n \n \") of shareholders of the Company (the \"\n \n NGEx Shareholders\n \n \") to be held to consider and vote on the Company's previously announced spin-out transaction pursuant to which the Company will spin-out net smelter returns royalties on the Lunahuasi and Los Helados Projects by way of a statutory plan of arrangement under the\n \n Canada Business Corporation Act\n \n (the\n \n Arrangement\n \n \").\n \n PDF Version\n \n\n\n At the Meeting, NGEx Shareholders will be asked to consider, and if thought fit, to pass, with or without variation, a special resolution (the \"\n \n Arrangement Resolution\n \n \") approving the Arrangement, which involves, among other things, the exchange of the existing common shares of the Company (the \"\n \n NGEx Shares\n \n \") and the distribution of common shares of 17156138 Canada Inc. (which is expected to be renamed \"Delta Royalties Corp.\" prior to completion of the Arrangement) (\"\n \n RoyaltyCo\n \n \") to NGEx Shareholders, such that each NGEx Shareholder will hold one new common share of NGEx for each NGEx Share held on the effective date of the Arrangement and 1/4 of a common share of RoyaltyCo for each NGEx Share held on the effective date of the Arrangement, all in accordance with the terms of the arrangement agr...