Business
Royal Road Minerals Acquires 90% of Caza Gold and Announces Expiry of Offer and Extension Period for Deposits
Toronto, Ontario--(Newsfile Corp. - March 15, 2017) - Royal Road Minerals Limited (TSXV: RYR) ...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"\nRoyal Road Minerals Acquires 90% of Caza Gold and Announces Expiry of Offer and Extension Period for DepositsToronto, Ontario--(Newsfile Corp. - March 15, 2017) - Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road Minerals\" or the \"Company\") and Caza Gold Corp. (\"Caza\") announce that Royal Road Minerals has taken up a total of 137,822,549 common shares of Caza deposited under its offer (the \"Offer\") dated January 20, 2017 made to Caza shareholders, representing over 90% of Caza's issued and outstanding common shares. The Offer, which initially expired on February 27, 2017 and was subsequently extended until 11:59 p.m. (Pacific Time) on March 13, 2017, has now expired and will not be further extended. Royal Road Minerals intends to acquire all of the remaining Caza common shares not deposited under the Offer pursuant to the compulsory acquisition provisions in Section 300 of the Business Corporations Act (British Columbia). Royal Road Minerals expects to mail a notice of compulsory acquisition to all remaining holders of Common Shares shortly. Royal Road Minerals further intends to cause the Caza common shares to be de-listed from the TSX Venture Exchange. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary statement:This news release contains certain statements that constitute forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, \"forward-looking statements\") and includes statements relating to the Offer and those describing the Company's future plans and the expectations of its management that a stated result or condition will occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company and Caza, or developments in the Company's and Caza's business or in the mineral resources industry, or with respect to the Offer, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements include all disclosure regarding possible events, conditions or results of ...