03:54:02 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Alamos Gold Inc
Symbol AGI
Shares Issued 396,809,120
Close 2024-03-26 C$ 18.45
Market Cap C$ 7,321,128,264
Recent Sedar Documents

Orford Mining holders approve acquisition by Alamos

2024-03-27 13:33 ET - News Release

See News Release (C-ORM) Orford Mining Corp

Mr. David Christie of Orford Mining reports

ORFORD SHAREHOLDERS APPROVE PLAN OF ARRANGEMENT

At Orford Mining Corp.'s special shareholder meeting held today, Orford obtained the requisite shareholder approval of its previously announced proposed plan of arrangement pursuant to which Alamos Gold Inc. will acquire all of the outstanding common shares of Orford not already owned by Alamos. For further details of the Arrangement, please refer to the Company's press releases dated January 15, 2024 and March 20, 2024, and the management information circular of the Company dated February 23, 2024, in respect of the Meeting, each available on SEDAR+ under Orford's profile at www.sedarplus.com.

Completion of the Arrangement is subject to the receipt of the final order of the Ontario Superior Court of Justice (Commercial List) (the "Court"), which is expected to be sought on April 2, 2024. In addition, certain closing conditions customary for transactions of this nature are required to be satisfied in order for the Arrangement to occur. Provided the approval of the Court is granted and all other closing conditions are satisfied or waived, the Company expects the Arrangement to be completed on April 3, 2024, at which time the Company will apply to have its common shares delisted from the TSX Venture Exchange and cease to be a reporting issuer.

Additionally, Orford shareholders approved the entry by Orford into a non-convertible multi-draw credit facility or loan, applicable if the Arrangement does not close by April 15, 2024 whereby Alamos may provide to Orford an amount up to C$2 million, in the aggregate for the purpose of funding Orford's normal course business activities.

A bou t Orford Mining

Orford Mining is a gold and critical mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik, West Raglan and lithium exploration projects comprising a land package totaling over 168,336 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. The West Raglan Project hosts a number of high-grade Raglan-style nickel/copper/platinum group metal discoveries along a 55 km mineralized trend. In early 2023 Orford acquired large claim blocks targeting Lithium in the Nunavik Region. These Lithium claim blocks have been carefully selected as having promising lithium potential after an exhaustive compilation of available data. The first field season of exploration on the lithium focused properties returned positive results. Orford also has four property positions in the Joutel region of the Abitibi District of Northern Quebec, which hosts historical deposits such as the Eagle/Telbel, Joutel Copper, Poirier Copper, and Vezza deposits. Orford continually seeks new gold exploration opportunities in North America. Orford's common shares trade on the TSX Venture Exchange under the symbol ORM. This information from neighbouring properties is not necessarily indicative of the mineralization on Orford Mining's properties.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.