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Calibre Mining Corp (2)
Symbol CXB
Shares Issued 340,212,381
Close 2022-01-05 C$ 1.27
Recent Sedar Documents

Calibre Mining shareholders approve Fiore acquisition

2022-01-05 14:36 ET - News Release

Mr. Darren Hall reports

CALIBRE MINING SHAREHOLDERS OVERWHELMINGLY APPROVE FIORE GOLD ACQUISITION

At a special meeting of shareholders held earlier today, Calibre Mining Corp. shareholders voted overwhelmingly in favour of the resolution approving the issuance of up to 108,199,618 common shares of Calibre in connection with the proposed acquisition of Fiore Gold Ltd. by way of a plan of arrangement, as well as the resolution approving certain amendments to Calibre's amended and restated long-term incentive plan, which will be implemented only upon the completion of the arrangement.

A total of 232,467,816 Calibre shares, representing 68.33 per cent of the issued and outstanding Calibre shares as at the record date, were voted at the meeting. Each of the Calibre shareholder resolution and LTIP amendments resolution were approved by approximately 99.79 per cent and 79.35 per cent of votes cast, respectively, by Calibre shareholders either in person (virtually) or represented by proxy at the meeting. The report of voting results will be made available under the company's profile on SEDAR.

In addition to the approval by Calibre shareholders, Fiore shareholders approved the arrangement at the special meeting of Fiore shareholders held earlier today. The arrangement is expected to be completed on Jan. 12, 2022, subject to approval by the Supreme Court of British Columbia and satisfaction of certain other closing conditions.

For a more detailed description of the arrangement, please refer to the company's management information circular dated Dec. 2, 2021.

About Calibre Mining Corp.

Calibre Mining is a Canadian-listed international gold mining and exploration company with three 100-per-cent-owned operating gold mines and strong exploration assets located in highly prospective gold regions across Nicaragua. The company is focused on unlocking resources and generating value through sustainable operating performance and a disciplined approach to growth. Since the acquisition of the Limon and Libertad gold mines, and the Pavon gold project, Calibre has proceeded to integrate its operations into a hub-and-spoke operating philosophy whereby the company can take advantage of reliable infrastructure, favourable transportation costs and multiple high-grade ore sources that can be processed at either Limon or Libertad, which have a combined 2.7 million tonnes of annual mill throughput capacity.

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