07:22:29 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Primero Mining Corp
Symbol P
Shares Issued 193,045,822
Close 2018-02-08 C$ 0.21
Market Cap C$ 40,539,623
Recent Sedar Documents

Primero holders to consider Majestic takeover March 13

2018-02-09 07:33 ET - News Release

An anonymous director reports

PRIMERO TO HOLD SPECIAL MEETING OF SHAREHOLDERS AND A MEETING OF DEBENTUREHOLDERS ON MARCH 13, 2018

Primero Mining Corp. plans to hold a special meeting of its shareholders and a meeting of holders of its 5.75-per-cent convertible unsecured subordinated debentures due Feb. 28, 2020, on March 13, 2018, at the offices of Stikeman Elliott LLP located at 5300 Commerce Court West, 199 Bay St., Toronto, Ont., M5L 1B9, at 9 a.m. Toronto time and 10 a.m. Toronto time, respectively. Shareholders and debentureholders of record as of the close of business on Feb. 9, 2018, will be eligible to vote at their respective meetings.

At the shareholder meeting, shareholders will be asked to consider the proposed plan of arrangement whereby First Majestic Silver Corp. will acquire all of the outstanding shares of Primero pursuant to an arrangement agreement dated Jan. 11, 2018, between Primero and First Majestic as filed on SEDAR. Primero's board of directors unanimously recommends that shareholders vote in favour of the proposed transaction.

At the debentureholder meeting, the debentureholders will be asked to consider the proposed amendment of the trust indenture dated Feb. 9, 2015, between Primero and Computershare Trust Company of Canada, to accelerate the maturity date of the Primero debentures to the next business day following the effective date of the arrangement. Completion of the arrangement is not conditional upon the approval of the debenture amendment.

Primero has prepared an information circular with respect to the arrangement and the debenture amendment which will be mailed to shareholders and debentureholders of record as of Feb. 9, 2018. The information circular will also be available on SEDAR and the Primero website.

About Primero Mining Corp.

Primero Mining is a Canada-based precious metals producer that owns 100 per cent of the San Dimas gold-silver mine in Mexico.

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