Mr. Nav Dhaliwal reports
PACTON GOLD SHAREHOLDERS APPROVE PLAN OF ARRANGEMENT WITH TRILLIUM GOLD MINES INC.
Pacton Gold Inc. has released the voting results of its special meeting, called for shareholders of Pacton to vote on the arrangement resolution (as defined herein) held on June 2, 2023.
At the meeting, shareholders were asked to consider, and if thought fit, to pass a resolution to approve the proposed plan of arrangement with Trillium Gold Mines Inc., pursuant to which Trillium has agreed to acquire all of the issued and outstanding common shares of Pacton on the basis of 1.275 of Trillium common shares per Pacton share under the terms of the arrangement. The arrangement resolution required the approval of at least 66.67 per cent of the votes cast by the shareholders present in person or represented by proxy at the meeting.
The arrangement was approved by the required majority of the votes cast by the shareholders eligible to vote at the meeting. No shareholders exercised dissent rights with respect to the arrangement resolution.
Pacton will be seeking a final order from the Supreme Court of British Columbia with respect to the arrangement on June 6, 2023. For a more detailed description of the arrangement, please refer to the company's management information circular dated May 2, 2023.
About Pacton Gold Inc.
Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high-grade mineral resource properties in Ontario, Canada. The Company also owns a strategic portfolio of prospective projects in Western Australia.
About Trillium Gold Mines Inc.
Trillium Gold Mines is a growth-focused company engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake mining district of Northern Ontario. As part of its regional-scale consolidation strategy, the company has assembled one of the largest prospective land packages in and around the Red Lake mining district in proximity to major mines and deposits, as well as along the Confederation Lake and Birch-Uchi greenstone belts. The company recently closed acquisitions effectively extending its contiguous land position over more than 100 kilometres of favourable structures on trend with Kinross Gold's Great Bear project and Evolution Mining's Red Lake operation. In addition, the company has interests in highly prospective properties in Larder Lake and Shining Tree, Ont.
We seek Safe Harbor.
© 2023 Canjex Publishing Ltd. All rights reserved.