- ISS and Glass Lewis recommends shareholders of Florida Canyon
Gold Inc. vote in favor of the Arrangement
Resolution approving at the upcoming October 25, 2024 shareholder meeting.
- ISS determined that the combination is expected to provide
synergies, enhance scale, and provide human capital benefits
through the leadership and expertise of senior executives of each
entity.
- Glass Lewis believes that the proposed transaction is
strategically reasonable and FCGI shareholders would benefit from
participation in a larger multi-asset company with better financing
perspectives.
- Shareholders are encouraged to vote well in advance of the
proxy voting deadline on October 23,
2025, at 11AM (Eastern Standard
Time)
- Questions? Need help voting?
Contact Carson Proxy at 1-800-530-5189
TORONTO, Oct. 16,
2024 /CNW/ - Florida Canyon Gold Inc. (TSXV: FCGV)
(the "Company"), is pleased to announce that leading independent
proxy advisors, Institutional Shareholder Services Inc. ("ISS") and
Glass, Lewis & Co., LLC ("Glass Lewis") have both recommended
that Company shareholders vote in favor of the special resolution
(the "Arrangement Resolution"), authorizing the resolution (the
"Arrangement") under the provisions of Section 192 of the
Canada Business Corporations Act (the "CBCA")
involving Florida Canyon Gold Inc. ("FCGI") pursuant to the
resolution (the "Arrangement Agreement") between FCGI and
Integra Resources Corp. ("Purchaser") dated July 28, 2024, at the Company's Special
Meeting to be held on October 25,
2024 at 11:00 AM (Toronto
Time).
ISS and Glass Lewis are leading independent corporate governance
analysis and proxy advisory firms that provide proxy voting
recommendations to institutional shareholders. The independent
recommendations of each of ISS and Glass Lewis are intended to
assist their shareholder subscribers in making choices regarding
proxy voting decisions. ISS and Glass Lewis made their respective
independent recommendation after carefully reviewing the facts
regarding the Arrangement Resolution and benefits to Company
Shareholders.
Welcoming the favorable recommendations, Audra Walsh, Interim Chief Executive Officer of
Florida Canyon Gold commented: "We are pleased that ISS and Glass
Lewis have both endorsed the Arrangement and encourage all Company
shareholders to vote FOR the Arrangement Resolution in advance of
the voting cut off on October 23,
2024."
Shareholder Questions and Assistance
Florida Canyon Gold Inc. Securityholders that require further
assistance may contact the Company's proxy solicitation agent,
Carson Proxy Advisors Ltd., at:
North American Toll-Free: 1-800-530-5189
Local (collect outside North
America): 416-751-2066
Email: info@carsonproxy.com
About Florida Canyon Gold Inc.
FCGI is a Canadian-based junior gold producer with assets in
the United States and Mexico. The principal operating assets of FCGI
are the Florida Canyon mine in Nevada and San
Agustin mine in Mexico. The
Corporation also holds the El
Castillo mine, La Colorada
mine, Cerro del Gallo project, and
San Antonio project (which is
subject to an option agreement with Heliostar Metals Limited), all
located in Mexico. FCGI has
entered into a binding agreement to sell its interests in the
San Agustin mine, El Castillo mine, La
Colorada mine, Cerro del
Gallo project and San
Antonio project to Heliostar Metals Ltd.
Cautionary Note Regarding Forward-looking Statements
This news release contains certain "forward-looking
statements" under applicable Canadian securities laws concerning
the business, operations and financial performance and condition of
FCGI. Except for statements of historical fact relating to FCGI,
all statements included herein are forward-looking statements. The
words "believe", "expect", "strategy", "target", "plan",
"scheduled", "commitment", "opportunities", "guidance", "project",
"continue", "on track", "estimate", "growth", "forecast",
"potential", "future", "extend", "planned", "will", "could",
"would", "should", "may" and similar expressions typically identify
forward-looking statements. In particular, this news release
contains forward-looking statements including, without limitation,
information and statements regarding the Transaction and the
business and operations of FCGI.
Forward-looking statements are necessarily based on the
opinions and estimates of management at the date the statements are
made and are based on a number of assumptions and subject to a
variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those
projected in the forward-looking statements. Many of these
assumptions are based on factors and events that are not within the
control of FCGI and there is no assurance they will prove to be
correct.
These factors are discussed in greater detail in FCGI's
TSXV Form 2B – Listing Application, filed under the
Corporation's issuer profile on SEDAR+, which also provides
additional general assumptions in connection with these statements.
FCGI cautions that the foregoing list of important factors is not
exhaustive. Investors and others who base themselves on
forward-looking statements should carefully consider the above
factors as well as the uncertainties they represent and the risk
they entail.
Although FCGI has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. FCGI
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. Comparative market information is as of a date prior to
the date of this document. Further, the forward-looking statements
included herein speak only as of the date of this news
release.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news release.
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein.
Florida Canyon Gold Inc.
www.floridacanyongold.com
SOURCE Florida Canyon Gold Inc.
