VANCOUVER, BC, Sept. 19,
2022 /CNW/ - Aris Gold Corporation
(Aris Gold) (TSX: ARIS) (OTCQX:
ALLXF) announces today that shareholders of Aris Gold have voted in favour of the business
combination with GCM Mining announced on July 25, 2022 to create Aris Mining. Aris Gold has also received final authorization
from the Superintendency of Industry and Commerce (SIC), the
Colombian competition regulator. Aris Mining will be a gold
producer with two producing mines, two advanced development
projects, and an advanced stage exploration project in the
Americas.
At the meeting, 108,882,097 shares were voted, representing 79%
of the issued shares of Aris Gold,
as detailed in the table below.
|
Votes for
|
Votes against
|
number
|
%
|
number
|
%
|
Shareholder approval
|
108,792,514
|
99.92 %
|
89,583
|
0.08 %
|
Minority approval (excluding votes
required to be
excluded pursuant to Multilateral Instrument 61-
101 – Protection of Minority Security Holders in
Special Transactions)
|
46,260,807
|
99.81 %
|
89,583
|
0.19 %
|
The transaction is expected to close on September 26, 2022, subject to the satisfaction
or waiver of certain customary closing conditions. Upon the
transaction closing and pursuant to section 288 of the Business
Corporations Act (British
Columbia), GCM Mining will continue under the name Aris
Mining Corporation and Aris Gold
will amalgamate with 1373945 B.C.
Ltd. to form Aris Mining Holdings Corp., which will be a wholly
owned subsidiary of Aris Mining Corporation.
About Aris
Gold
Aris Gold is a Canadian mining
company listed on the TSX under the symbol ARIS and on the OTCQX
under the symbol ALLXF. The Company is led by an executive team
with a demonstrated track record of creating value through building
globally relevant gold mining companies. In Colombia, Aris
Gold operates the 100%-owned Marmato mine, where a
modernization and expansion program is under way, and as of
April 12, 2022, operates the Soto
Norte joint venture, where environmental licensing is advancing to
develop a new gold mine. Aris Gold
also owns the Juby project, an advanced exploration stage gold
project in the Abitibi greenstone belt of Ontario, Canada. Aris
Gold plans to pursue acquisition and other growth
opportunities to unlock value creation from scale and
diversification.
Additional information on Aris
Gold can be found at www.arisgold.com and www.sedar.com.
Forward-looking
Information
This news release contains "forward-looking information" or
"forward-looking statements" within the meaning of Canadian
securities legislation. All statements included herein are
forward-looking, other than statements of historical fact,
including without limitation statements relating to the expected
closing date of the transaction, the ability of the parties to
satisfy the conditions to closing the transaction, the benefits to
be derived from the transaction with GCM Mining and the prospective
opportunities as a combined group. Generally, the forward-looking
information and forward-looking statements can be identified by the
use of forward-looking terminology such as "plans", " "is
expected", , or "will continue", or 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 information and forward-looking statements,
while based on management's best estimates and assumptions, are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, performance or achievements
Aris Gold and, upon closing of the
transaction, Aris Mining to be materially different from those
expressed or implied by such forward-looking information or
forward-looking statements, including the risk factors identified
in the Joint Management Information Circular dated August 16, 2022 of GCM Mining and Aris Gold and the documents incorporated by
reference therein, which is available on SEDAR at www.sedar.com.
Such factors include, among others, exercise of any termination
rights under the related arrangement agreement, meeting other
conditions in such arrangement agreement, material adverse effects
on the business, properties and assets of GCM Mining or
Aris Gold and whether any superior
proposal will be made.
Although Aris Gold has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information and forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information or
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information or statements. The forward-looking statements and
forward-looking information are made as of the date hereof and
Aris Gold disclaims, except as
required by applicable securities laws, any obligation to update
any such factors or to publicly announce the result of any
revisions to any of the forward-looking statements or
forward-looking information contained herein to reflect future
results. Accordingly, readers should not place undue reliance on
forward-looking statements and information.
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SOURCE Aris Gold Corporation