TORONTO, Dec. 16, 2019 /CNW/ - Aethon Minerals
Corp. (TSX.V:AET) ("Aethon" or the "Company") is
pleased to announce that it has received a final order (the
"Final Order") from the Ontario Superior Court of Justice
(Commercial List) dated December 16,
2019 approving the previously announced plan of arrangement
(the "Arrangement"), between Aethon and AbraPlata Resource
Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata"). Pursuant to
the Arrangement, all of the issued and outstanding Aethon common
shares will be exchanged on the basis of 3.75 AbraPlata common
shares for each Aethon share.
Receipt of the Final Order follows Aethon's special meeting of
shareholders held on December 12,
2019, where the Arrangement was overwhelmingly approved by
99.35% of the votes cast by its shareholders. Closing of the
Arrangement remains subject to customary closing conditions,
including the final approval of the TSX Venture Exchange
("TSX-V"). Assuming the satisfaction or waiver of
these remaining closing conditions, it is anticipated that the
Arrangement will be completed on or about December 20, 2019, following which date Aethon
will be delisted from the TSX-V.
About Aethon Minerals
Aethon Minerals is a mineral
exploration company focused on creating shareholder value. Aethon
has a large prospective land position along prolific mining belts
located in northern Chile. Aethon
believes it is uniquely positioned for growth and is actively
pursuing selective exploration-stage growth opportunities.
Aethon is based in Toronto,
Canada, and is listed on the TSX-V under the symbol
"AET".
About AbraPlata
AbraPlata is focused on exploring and
advancing its flagship Diablillos silver-gold property. In
addition, AbraPlata owns the highly prospective Cerro Amarillo
property with its cluster of five mineralized Cu-(Mo-Au) porphyry
intrusions located in a mining camp hosting the behemoth El
Teniente, Los Bronces, and Los Pelambres porphyry Cu-Mo deposits.
As well, AbraPlata is advancing Aguas Perdidas, its wholly owned
Patagonia-style epithermal Au-Ag property. AbraPlata is based in
Vancouver, Canada, and is listed
on the TSX-V under the symbol "ABRA".
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Except for statements of historical fact relating to Aethon
Minerals Corporation or AbraPlata Resource Corp., certain
information contained herein constitutes "forward-looking
statements" as such term is used in applicable Canadian securities
laws. Forward-looking statements include statements that are
predictive in nature, depend upon or refer to future events or
conditions, or include words such as "expects", "anticipates",
"plans", "believes", "considers", "intends", "targets", or negative
versions thereof and other similar expressions, or future or
conditional verbs such as "may", "will", "should", "would" and
"could" in particular, statements related to the Arrangement, the
expected completion thereof and the delisting of the Aethon shares.
We provide forward-looking statements for the purpose of conveying
information about our current expectations and plans relating to
the future and readers are cautioned that such statements may not
be appropriate for other purposes. By its nature, this information
is subject to inherent risks and uncertainties that may be general
or specific and which give rise to the possibility that
expectations, forecasts, predictions, projections or conclusions
will not prove to be accurate, that assumptions may not be correct
and that objectives, strategic goals and priorities will not be
achieved. These risks and uncertainties include, but are not
limited to, risks related to being unable to close the Arrangement
in the time frames indicated, failure to satisfy all conditions
precedent to the Agreement, including approval of the TSX-V and
applicable regulatory authorities.
There can be no assurance that the Arrangement will occur, or
that it will occur on the terms and conditions contemplated in this
news release. The Arrangement could be modified, restructured or
terminated. Actual results could differ materially from those
currently anticipated due to a number of factors and risks.
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SOURCE Aethon Minerals
