Carlyle Commodities Announces Shareholder Approval of Amalgamation
Carlyle Commodities Corp (CSE: CCC, OTC: CCCFF) announced shareholder approval for the amalgamation of Miramis Mining Corp with Carlyle's wholly-owned subsidiary. Under the agreement, Miramis shares will be exchanged for Carlyle shares on a one-to-one basis, with Miramis shareholders expected to hold approximately 26.15% of outstanding Carlyle shares post-transaction.
The transaction will diversify Carlyle's portfolio to include three different projects across British Columbia and add cash to its treasury. The company's current Board of Directors and management will remain unchanged. The transaction is expected to complete in December 2024, subject to customary closing conditions.
Carlyle Commodities Corp (CSE: CCC, OTC: CCCFF) ha annunciato l'approvazione degli azionisti per l'amalgamazione di Miramis Mining Corp con la controllata interamente posseduta da Carlyle. Secondo l'accordo, le azioni di Miramis saranno scambiate per azioni di Carlyle su base uno a uno, con gli azionisti di Miramis che si prevede detengano circa il 26,15% delle azioni totali di Carlyle dopo la transazione.
La transazione diversificherà il portafoglio di Carlyle per includere tre progetti distinti in British Columbia e aggiungerà liquidità alla sua tesoreria. L'attuale Consiglio di Amministrazione e la direzione dell'azienda rimarranno invariati. Si prevede che la transazione si completi a dicembre 2024, soggetta alle consuete condizioni di chiusura.
Carlyle Commodities Corp (CSE: CCC, OTC: CCCFF) anunció la aprobación de los accionistas para la fusión de Miramis Mining Corp con la subsidiaria de propiedad exclusiva de Carlyle. Según el acuerdo, las acciones de Miramis se intercambiarán por acciones de Carlyle en una base de uno a uno, y se espera que los accionistas de Miramis posean aproximadamente el 26,15% de las acciones en circulación de Carlyle después de la transacción.
La transacción diversificará el portafolio de Carlyle para incluir tres proyectos diferentes en Columbia Británica y añadirá efectivo a su tesorería. La actual Junta Directiva y la gerencia de la empresa permanecerán sin cambios. Se espera que la transacción se complete en diciembre de 2024, sujeta a las condiciones de cierre habituales.
Carlyle Commodities Corp (CSE: CCC, OTC: CCCFF)는 Miramis Mining Corp와 Carlyle의 완전 소유 자회사의 합병에 대한 주주 승인을 발표했습니다. 이 협정에 따라 Miramis 주식은 Carlyle 주식과 1:1 비율로 교환되며, Miramis 주주들은 거래 후 Carlyle의 전체 주식 중 약 26.15%를 보유할 것으로 예상됩니다.
이 거래는 Carlyle의 포트폴리오를 다양화하여 브리티시컬럼비아주에 있는 세 가지 프로젝트를 포함하고, 회사의 재무에 현금을 추가합니다. 현재의 이사회 및 경영진은 변경되지 않습니다. 거래는 2024년 12월에 완료될 것으로 예상되며, 일반적인 마감 조건이 적용됩니다.
Carlyle Commodities Corp (CSE: CCC, OTC: CCCFF) a annoncé l'approbation des actionnaires pour l'amalgamation de Miramis Mining Corp avec la filiale entièrement détenue par Carlyle. Selon l'accord, les actions de Miramis seront échangées contre des actions de Carlyle sur une base un pour un, avec des actionnaires de Miramis qui devraient détenir environ 26,15 % des actions en circulation de Carlyle après la transaction.
La transaction diversifiera le portefeuille de Carlyle pour inclure trois projets différents en Colombie-Britannique et ajoutera des liquidités à sa trésorerie. Le conseil d'administration actuel et la direction de la société resteront inchangés. La transaction devrait être finalisée en décembre 2024, sous réserve des conditions de clôture habituelles.
Carlyle Commodities Corp (CSE: CCC, OTC: CCCFF) hat die Genehmigung der Aktionäre für die Fusion von Miramis Mining Corp mit Carlyles vollständig im Besitz befindlicher Tochtergesellschaft bekannt gegeben. Laut der Vereinbarung werden die Miramis-Aktien im Verhältnis eins zu eins gegen Carlyle-Aktien getauscht, wobei die Miramis-Aktionäre nach der Transaktion voraussichtlich etwa 26,15 % der ausstehenden Carlyle-Aktien halten werden.
Die Transaktion wird Carlyles Portfolio diversifizieren und drei unterschiedliche Projekte in British Columbia einbeziehen sowie Bargeld in die Unternehmensschatzkammer hinzufügen. Der aktuelle Vorstand und das Management des Unternehmens bleiben unverändert. Die Transaktion soll im Dezember 2024 abgeschlossen werden, vorbehaltlich der üblichen Abschlussbedingungen.
- Portfolio expansion to three mining projects in British Columbia
- Cash addition to treasury through merger
- 26.15% ownership distribution to new shareholders indicating significant expansion
- None.
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2024) - Carlyle Commodities Corp. (CSE: CCC) (FSE: BJ4) (OTC: CCCFF) ("Carlyle" or the "Company") is pleased to announce that, further to the news release dated September 27, 2024, the proposed amalgamation of Miramis Mining Corp. ("Miramis") and 1500285 B.C. Ltd. ("Subco"), a wholly-owned subsidiary of Carlyle, pursuant to an amalgamation agreement among Carlyle, Miramis and Subco dated September 27, 2024 (the "Amalgamation Agreement") was approved by the shareholders of Miramis at Miramis' special meeting of shareholders held on December 6, 2024.
Pursuant to the terms of the Amalgamation Agreement, Miramis will amalgamate with Subco under the provisions of the Business Corporations Act (British Columbia) and all of the issued and outstanding common shares of Miramis ("Miramis Shares") following the amalgamation will be immediately exchanged for common shares of Carlyle ("Carlyle Shares") on a one-to-one basis (the "Transaction"). Outstanding warrants of Miramis will become exercisable to purchase Carlyle Shares on a one-for-one basis and on substantially the same terms and conditions. Following completion of the Transaction, the company formed by the amalgamation of Miramis and Subco will become a wholly owned subsidiary of Carlyle which will continue under the name "Miramis Mining Corp.".
Upon completion of the Transaction, the Board of Directors and management of Carlyle will remain the same and it is expected that shareholders of Miramis will hold approximately
Carlyle's Chief Executive Officer and director, Morgan Good, commented: "Our team is pleased to accomplish this pivotal point before we move towards the completion of the transaction. Once completed, it will increase the Company's shareholder distribution, diversify our junior mining asset portfolio to now (3) three different projects across British Columbia, as well as add cash to our treasury."
Carlyle and Miramis expect to complete the Transaction in December 2024. Closing of the Transaction is subject to a number of customary conditions being satisfied or waived by one or both of Carlyle and Miramis.
Additional Information About the Transaction
Further details regarding the terms and conditions of the Transaction are set out in the management information circular of Miramis dated November 5, 2024, which is available on Miramis' SEDAR+ profile at www.sedarplus.ca, and the Amalgamation Agreement, copies of which are available on Carlye and Miramis' respective SEDAR+ profiles at www.sedarplus.ca.
About Carlyle
Carlyle is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. Carlyle owns
For further information about Carlyle, please contact:
Morgan Good, Chief Executive Officer
Carlyle Commodities Corp.
Phone: 604-715-4751
Email: morgan@carlylecommodities.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release).
FORWARD-LOOKING STATEMENTS
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding, the completion and timing of the Transaction, the expected benefits of the Transaction, the percentage of shares expected to be held by the Miramis shareholders upon completion of the Transaction are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should" or "would" or occur.
Forward-looking statements are based on certain material assumptions and analysis made by Carlyle and Miramis and the opinions and estimates of management as of the date of this press release, including, without limitation, that Carlyle and Miramis will be able to complete the Transaction as contemplated, that the completion of the Transaction will result in the benefits anticipated and that the Transaction will be completed within the timeframe expected.
These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation: general business, economic and social uncertainties; Carlyle and Miramis may not complete the Transaction as anticipated, or at all; the Transaction may not result in the expected benefits; the risk that the loss of key personnel, unanticipated costs, legislative or regulatory developments, or other unanticipated events or circumstances delay the completion of the Transaction; and other risks outside of the control of Carlyle and Miramis, as applicable. Although management of the of Carlyle and Miramis have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. These forward-looking statements are made as of the date of this news release and, unless required by applicable law, Carlyle and Miramis assume no obligation to update these forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232912
FAQ
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