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VANCOUVER, March 19, 2020 Golden Queen Mining
Consolidated Ltd. (NEX:GQM.H; OTCQB:GQMND) (the
"Company" or "Golden
Queen") confirmed today that its special meeting of
shareholders (the "Special Meeting") to be held in
connection with the previously announced proposed plan of
arrangement with Falco Resources Ltd. will proceed as planned on
Tuesday, March 24, 2020 at
10:00 a.m. (PST) at the offices of Blake, Cassels
& Graydon LLP, Suite 2600, 595 Burrard Street, Vancouver, British Columbia.
Furthermore, in light of the significant changes in market
conditions since the date of entering into the definitive
agreement, the Company announces that it has agreed with Falco
Resources Ltd. ("Falco") to amend the ratio for the
transaction from 1.18 to 1.35 Falco shares for each Golden Queen share.
Guy Le Bel, CEO and CFO of
Golden Queen, stated: "In light of
the unprecedented and uncertain circumstances surrounding the
COVID-19 outbreak, we encourage shareholders to complete and return
their proxies for the Special Meeting so your voice can be heard at
the meeting. Given the need for social distancing in the face of
COVID-19, members of the board and management will not be attending
the meeting in person, but will participate via
teleconference."
Given the need for risk management in respect of the COVID-19
virus, anyone who was planning to attend the Special Meeting is
asked to advise Brenda Dayton,
Senior Vice President, Corporate Affairs at
bdayton@goldenqueen.com. In order to ensure the health and safety
of all attendees, Golden Queen and
Blakes as host of the Special Meeting will reserve the right to
restrict access to the Special Meeting depending on best available
information, and make such arrangements as are deemed prudent or
necessary under the circumstances.
The deadline for returning proxies for the Special Meeting is
Friday, March 20, 2020 at
10:00 am (PST). Voting results for
the proposed plan of arrangement considered by shareholders of
Golden Queen will be announced after
the Special Meeting and available on SEDAR.
SOURCE Golden Queen Mining Consolidated Ltd.
