12:45:26 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Minera Alamos Inc
Symbol MAI
Shares Issued 495,547,377
Close 2025-02-06 C$ 0.34
Market Cap C$ 168,486,108
Recent Sedar Documents

Minera Alamos acquisition of Sabre Gold

2025-02-06 20:22 ET - Acquisition

The TSX Venture Exchange has accepted for filing documentation with respect to an arm's-length arrangement agreement dated Oct. 28, 2024, as amended on Dec. 6, 2024, between Minera Alamos Inc., Sabre Gold Mines Corp. and 16474471 Canada Inc., whereby the company acquired all of the issued and outstanding common shares of Sabre by way of a court-approved plan of arrangement under the provisions of the Canada Business Corporations Act.

Under the agreement, each Sabre shareholder received 0.693 of a common share of the company for each common share of Sabre held. Further, all unexercised options to acquire Sabre shares were surrendered and the holders thereof received in exchange therefor an equivalent option to purchase from the company the number of Minera shares (rounded down to the nearest whole share) equal to: (a) the exchange ratio multiplied by (b) the number of Sabre shares subject to such option immediately prior to the effective time of the arrangement.

In accordance with the foregoing, 76,499,114 common shares of the company have been issued under the agreement on closing. Further, up to an aggregate of 2,546,775 common shares may be issuable on exercise of the replacement options.

The exchange has been advised that approval from the Sabre shareholders was received at an annual general and special meeting of shareholders held on Jan. 14, 2025. Further, a final order approving the arrangement was issued by the Ontario Superior Court of Justice (Commercial List) on Jan. 20, 2025. The arrangement became effective on Feb. 6, 2025.

For further details, please refer to the company's news releases dated Oct. 28, 2024, Nov. 18, 2024, and Feb. 6, 2025.

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