Lexam VG Share Owners Approve the Acquisition by McEwen Mining
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/12/17 -- Lexam VG Gold Inc. (TSX: LEX)(FRANKFURT: VN3A)(OTCQX: LEXVF) is pleased to announce that its Share Owners voted in favour of the Arrangement Agreement for the acquisition of Lexam VG by McEwen Mining Inc. (NYSE: MUX)(TSX: MUX) at its Special Meeting of Shareholders today.
A total of 46.1% of Lexam''s 226,570,860 issued and outstanding shares were voted. Lexam VG Share Owners approved the resolution approving the arrangement by a wide margin. To be effective, the arrangement resolution required the approval of:
and
The formal report of the voting results of the Meeting will also be filed on the SEDAR website at .
Next Steps in the Transaction
The TSX Exchange has conditionally approved the arrangement transaction. Application for approval is also being made by McEwen Mining of the NYSE. The arrangement transaction also requires a final order of the Ontario Superior Court of Justice. A Notice of Application for the final order has been filed and is expected to be heard by the Court on April 19, 2017. Closing of the transaction is expected shortly after receipt of the final court order and all regulatory approvals.
In the interim, Lexam VG Share Owners should complete and return the letters of transmittal that have been sent to them along with the shareholder meeting materials. Any Share Owner who requires additional copies of the letter of transmittal can obtain them on SEDAR under Lexam VG''s issuer profile at , on Lexam''s website at , by contacting Lexam VG''s depositary, at toll free 1-800-564-6253 (North America) or collect call 1-514-982-7555 (outside North America), or by email at: .
Contacts:
Lexam VG Gold Inc.
Mihaela Iancu
Director, Corporate Administration
647-258-0395 ext. 320 or Toll Free: 866-441-0690
647-258-0408 (FAX)
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Datum: 12.04.2017 - 15:24 Uhr
Sprache: Deutsch
News-ID 1498366
Anzahl Zeichen: 2976
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Mining & Metals
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