Kaminak Gold (KAM-V) July 12, '16 is pleased to announce that the previously announced acquisition of all of the issued and outstanding common shares of Kaminak by Goldcorp (G-T) by way of plan of arrangement has been approved by the holders of Kaminak Shares and options. At the special meeting of Kaminak shareholders and optionholders held on July 12, 2016, a special resolution approving the Arrangement was approved by 99% of the votes cast at the Meeting in person or by proxy by holders of Kaminak Shares and options, voting together as a single class and approved by 99% of the votes cast at the Meeting in person or by proxy by holders of Kaminak Shares, excluding the votes cast in respect of Kaminak Shares held by interested parties required to be excluded pursuant to applicable securities law.
On closing of the Arrangement, Kaminak shareholders will receive, subject to the terms and conditions of the Agreement, 0.10896 common shares of Goldcorp for each Kaminak Share held.
The Arrangement is subject to final approval by the TSX Venture Exchange and the Supreme Court of British Columbia (the "Court"). The Court hearing for the final order to approve the Arrangement is scheduled to take place on July 14, 2016, and the completion of the Arrangement is expected to occur on July 19, 2016.
Additional information regarding the terms of the Arrangement are set out in Kaminak's management information circular dated June 7, 2016, which is available under Kaminak's profile at www.sedar.com.
On behalf of the Board of Directors of Kaminak
Eira Thomas, President and CEO
Kaminak Gold Corporation
For further information about Kaminak Gold Corporation or this news release, please visit our website at www.kaminak.com.
Kaminak Gold Corporation
Tony Reda
Vice-President of Corporate Development
604.646.4534 or Toll Free: 1.844.646.4520
info@kaminak.com
www.kaminak.com |
