Business
South Atlantic and ValOre Announce Postponement of Shareholder Meeting to Approve Proposed Amalgamation and New Outside Date
(TheNewswire) Vancouver, B.C. – June 10, 2025 – TheNewswire – ...
About this update from South Atlantic Gold, Inc.
[{"type":"text","content":"South Atlantic and ValOre Announce Postponement of Shareholder Meeting to Approve Proposed Amalgamation and New Outside Date\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, B.C. – June 10, 2025 –\n \n\n TheNewswire –\n \n\n ValOre Metals Corp. (“ValOre”) (TSX-V:\nVO, OTCQB: KVLQF, Frankfurt: KEQ0) and South Atlantic Gold Inc.\n(“South Atlantic”) (TSX-V: SAO)\n \n\n , today\nannounced that, further to\n \n\n the joint news\nrelease of South Atlantic and ValOre dated May 16, 2025,\n \n\n the annual general and special meeting (the “\n \n\n Meeting\n \n\n ”) of the\nshareholders of South Atlantic (the “\n \n\n South Atlantic Shareholders\n \n\n ”), which was previously scheduled to be held on June 13,\n2025 at 10:00 a.m. (Kelowna time),\n \n\n will now be held on June 27, 2025 at 10:00\na.m. (Kelowna time)\n \n\n at 301-1665 Ellis Street,\nKelowna, BC V1Y 2B3.\n \n\n South Atlantic, ValOre and\n1529317 B.C. Ltd. (“\n \n\n Subco\n \n\n ”), a wholly-owned subsidiary of ValOre\nformed for the purpose of completing the Amalgamation (as defined\nbelow), have also entered into an amending agreement to the\nAmalgamation Agreement (as defined below) dated June 10, 2025 (the\n\"\n \n\n Amending\nAgreement\n \n\n \") providing for an extension of\nthe Outside Date (as defined in the Amalgamation Agreement) from June\n30, 2025 to July 7, 2025 to permit the postponement of the Meeting.\nThe Amending Agreement\n \n\n is available on\nValOre’s and South Atlantic’s respective SEDAR+ profiles at\n \n\n www.sedarplus.ca.\n \n\n\n\n The postponement of the Meeting will provide South\nAtlantic Shareholders with further opp\n \n\n ortunity\nto tender their proxies and South Atlantic and ValOre with further\nopportunity to communicate with South Atlantic Shareholders regarding\nthe special resolution (the “\n \n\n Amalgamation Resolution\n \n\n ”) approving an\namalgamation\n \n\n (the “\n \n\n Amalgamation\n \n\n ”)\nunder\n \n\n the\n \n\n Business Corporations Act\n \n\n (British Columbia)\ninvolving South Atlantic, ValOre and Subco, whereby ValOre will\nindirectly acquire all of the issued and outstanding common shares in\nthe capital of South Atlantic in exchange for co...