RTG Mining Inc. announces results of the annual general and special meeting of shareholders

About this update from Rtg Mining, Inc.

[{"type":"text","content":"\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nPERTH, Western Australia, May 13, 2014 /CNW/ - RTG Mining Inc. (TSX: RTG) (\"RTG\" or the \"Company\") is pleased to announce that, at its annual general and special meeting of shareholders held today (the \"RTG Meeting\"), RTG's shareholders approved the various matters put forth for their consideration, including those matters to be completed by RTG in connection with the completion of the proposed scheme of arrangement (the \"Scheme\") between RTG and Sierra Mining Limited (\"Sierra\"), which Scheme was previously announced on February 24, 2014. \n\nUnder the Scheme, RTG will acquire all of the issued and outstanding ordinary shares (each a \"Sierra Share\") and options of Sierra and will issue as consideration: (a) to eligible shareholders of Sierra, 3 RTG ordinary shares (\"New RTG Share\") for each Sierra Share held and 1 RTG share purchase option (\"New RTG Option\") for every 3 Sierra Shares held; (b) to eligible optionholders of Sierra, 2 New RTG Shares for each Sierra option held and 2 New RTG Options for every 9 Sierra options held; and (c) if applicable, will issue additional New RTG Shares under the Related Share Issues, as defined in the Company's management information circular dated April 8, 2014 (the \"Circular\") (collectively, the \"Scheme Issuance\"). In addition, Sierra has certain unlisted options (\"Sierra Unlisted Options\") outstanding and the Company will acquire the Sierra Unlisted Options and issue as consideration for every Sierra Unlisted Option exercisable at: (a) $0.20 each on or before July 1, 2014, 9 New RTG Shares and 1 New RTG Option for every 9 Sierra Unlisted Options held; and (b) $0.25 each on or before July 1, 2015, 9 New RTG Shares and 1 New RTG Option for every 18 Sierra Unlisted Options held (collectively, the \"Non-Scheme Issuance\"). The consideration issuable to former Sierra securityholders is subject to a share consolidation on a 10:1 basis.\n\nAt the RTG Meeting, RTG shareholders approved: (i) an ordinary resolution electing Michael Carrick, Justine Magee, Robert Scott, David Cruse and Phillip Lockyer as directors of the Company for the ensuing year; (ii) an ordinary resolution authorizing the reappointment of BDO Audit (WA) Pty Ltd. as auditor of the Company; (iii)...

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