Under the Arrangement, CopAur acquired all of the issued and outstanding common shares of New Placer Dome ('NGLD Shares') and New Placer Dome became a direct, wholly-owned subsidiary of CopAur.
Transaction Details
Under the terms of the Arrangement, former New Placer Dome shareholders received 0.1182 of a common share of CopAur for every one (1) outstanding NGLD Share (the 'Exchange Ratio') held. All outstanding stock options of New Placer Dome were exchanged for options of CopAur and all warrants of New Placer Dome became exercisable to acquire common shares of CopAur, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio, all in accordance with the terms of the Arrangement.
Following completion of the Arrangement, CopAur has 48,778,958 common shares issued and outstanding.
Upon closing of the Arrangement, all directors and officers of New Placer Dome resigned. New Placer Dome's former chief executive officer,
With New Placer Dome now a wholly-owned subsidiary of CopAur, the NGLD Shares will be de-listed from the
Full details of the Arrangement and certain other related matters are set out in the management information circular of the New Placer Dome dated
Early Warning Reporting
By virtue of its acquisition of all the issued and outstanding NGLD Shares under the Arrangement, CopAur is required to file an early warning report pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
About
CopAur is a Canadian exploration company focused on advancing its combined portfolio of gold and gold-copper projects located in
Contact:
Tel: +1 (604) 773-1467
Email: jeremyy@copaur.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains statements that contain 'forward-looking information' within the meaning of Canadian securities legislation. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes' or variations (including negative variations) of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur, or be achieved. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of CopAur and New Placer Dome as a combined company to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption 'Risk Factors' in the Annual Information Form of New Placer Dome dated as of
Forward-looking information in this news release includes statements with respect to the de-listing of the New Placer Dome Shares from the
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