Bridgeport receives court order for Premier deal
Oct 31, 2012 - News Release
Bridgeport Ventures Inc. has obtained the interim court order of the Ontario Superior Court of Justice with respect to an arrangement whereby Bridgeport will acquire Premier Gold Mines Ltd.'s wholly owned subsidiary, Premier Royalty Corp.
The arrangement remains subject to, among other things, approval of at least two-thirds of the votes cast by Bridgeport securityholders at a meeting of its securityholders and other customary conditions, including final court approval and the receipt of all necessary regulatory and third party approvals, including the approval of the Toronto Stock Exchange. The arrangement is expected to close as soon as possible after the meeting, which has been rescheduled to be held on Nov. 30, 2012. The meeting was previously scheduled to be held on Nov. 22, 2012.
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<< Bridgeport President and Chief Executive Officer, Shastri Ramnath, said: "The acquisition of Premier Royalty by Bridgeport will expose Bridgeport shareholders to a well-managed company with a diversified portfolio of gold royalty assets, many of which are in production and operated by prominent gold producers and will form the core of a business with excellent growth potential, particularly in the current economic climate.">> |
