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Yorbeau announces filing of Meeting Materials for upcoming special meeting of Shareholders
Yorbeau announces filing of Meeting Materials for upcoming special meeting of Shareholders...
About this update from Yorbeau Resources, Inc. Class A
[{"type":"text","content":"\n\n\n\nYorbeau announces filing of Meeting Materials for upcoming special meeting of Shareholders\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\nMONTREAL, Nov. 27, 2018\n\n\n\nMONTREAL, Nov. 27, 2018 /CNW Telbec/ - Yorbeau Resources Inc. (TSX: YRB.A) (the \"Company\" or \"Yorbeau\") announces today that further to its press release dated October 25, 2018, the Company mailed its management information circular (the \"Circular\") and related voting materials (collectively, the \"Meeting Materials\") on November 21, 2018 to shareholders of record as of November 12, 2018 (the \"Shareholders\") in connection with the upcoming special meeting of the Shareholders of Yorbeau (the \"Meeting\"). The Meeting is to be held on December 19, 2018 at 10:00 a.m. (Montreal time) at the offices of the Company located at 110 Crémazie Boulevard West, Suite 430, Montreal, Quebec H2P 1B9. The Meeting Materials have also been filed under the Company's profile on SEDAR and are available at www.sedar.com. \nAt the Meeting, Shareholders will be asked to consider, and if deemed advisable, to adopt a special resolution (the \"Special Resolution\") approving the sale of a 100% interest in Yorbeau's Rouyn property (the \"Transaction\") upon the exercise of an option to purchase such interest to be granted by Yorbeau to IAMGOLD Corporation (\"IAMGOLD\"), or one of its affiliates, substantially in accordance with the terms and conditions set forth in the letter of intent signed by Yorbeau and IAMGOLD on October 24, 2018. In order to be effective, the Special Resolution must be approved by at least two-thirds of the votes cast by Shareholders present in person or represented by proxy at the Meeting.\nThe Board of Directors, after careful consideration, recommends that Shareholders vote FOR the Special Resolution, on the basis that the Transaction is in the best interest of the Company.\nIn reaching its determination that the Transaction is in the best interest of the Company, the Board of Directors and management of the Company considered and evaluated, ...