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Marlin Gold and Sailfish Royalty Announce Completion of Arrangement and Acquisition of Royalty
Marlin Gold and Sailfish Royalty Announce Completion of Arrangement and Acquisition of Roy...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"\n\n\n\nMarlin Gold and Sailfish Royalty Announce Completion of Arrangement and Acquisition of Royalty\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\nCanada NewsWire\nVANCOUVER, Dec. 22, 2017\n\n\n\nVANCOUVER, Dec. 22, 2017 /CNW/ - Marlin Gold Mining Ltd. (TSX-V: MLN) (\"Marlin\") and Sailfish Royalty Corp. (TSX-V: FISH) (\"Sailfish\") are pleased to announce that they have completed the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the \"Arrangement\") with Marlin's securityholders effective as at 12:01 a.m. (Vancouver time) (the \"Effective Time\") on December 22, 2017 (the \"Effective Date\"), as well as the concurrent acquisition by Sailfish of a 3.5% royalty (the \"TZ Royalty\") on revenues derived from the sale of gold on Eldorado Gold Corp.'s advanced stage Tocantinzinho gold project (collectively, the \"Transactions\").\n\n\n \n \n\n \nBoard and Management of Sailfish \n\nPursuant to the Arrangement, Sailfish, previously a wholly-owned subsidiary of Marlin, has been spun-out to Marlin's shareholders. Sailfish's board of directors is comprised of Alessandro Palladino, Walter Reich, Michael Starogiannis and Cesar Gonzalez, and its executive team is comprised of Akiba Leisman, Chief Executive Officer, Peter Van Zoost, Chief Financial Officer, and Cesar Gonzalez, VP Corporate Development. A summary of the experience of each Sailfish director and officer is available in Sailfish's Form 2B listing application dated December 15, 2017, available on its SEDAR profile at www.sedar.com. Marlin's board of directors and executive team remains unchanged.\n\nOverview of Transactions\n\nPursuant to the Arrangement, among other things: (i) each common share of Marlin outstanding at the Effective Time (each, an \"Old Marlin Share\") has been exchanged for 1 new common share of Marlin (a \"New Marlin Share\") and, subject to rounding of fractions, 0.2 of a common share of Sailfish (each whole common share of Sailfish, a \"Sailfish Share\"); (ii) the Old Marlin Shares have been cancelled; (iii) each option to acquire Old Marlin S...