Prime Mining Closes Arrangement with Torex Gold
Prime Mining (OTCQX: PRMNF / TSX: PRYM) completed a plan of arrangement with Torex Gold on October 22, 2025, under which Torex acquired all issued and outstanding Prime shares.
Shareholders are entitled to 0.060 of a common share of Torex for each Prime share held. Prime shares are expected to be delisted from the Toronto Stock Exchange, OTCQX and Frankfurt exchange, and Prime will apply to cease being a reporting issuer in applicable jurisdictions.
Registered shareholders must return a signed letter of transmittal and share certificates or DRS advice to Computershare; non-registered shareholders should contact their brokers. The management information circular dated August 25, 2025 is available on SEDAR+ for full procedures.
Prime Mining (OTCQX: PRMNF / TSX: PRYM) ha completato un piano di concordato con Torex Gold il 22 ottobre 2025, secondo il quale Torex ha acquisito tutte le azioni emesse e in circolazione di Prime.
Gli azionisti hanno diritto a 0,060 di una azione ordinaria di Torex per ogni azione Prime posseduta. Si prevede che le azioni Prime saranno delistate dalla Toronto Stock Exchange, dall'OTCQX e dalla borsa di Francoforte, e Prime farà domanda per cessare di essere un emittente regolamentato nelle giurisdizioni interessate.
Gli azionisti registrati devono restituire una lettera di trasmissione firmata e i certificati azionari o l'avviso DRS a Computershare; gli azionisti non registrati dovrebbero contattare i loro broker. Il comitato informativo di gestione datato 25 agosto 2025 è disponibile su SEDAR+ per tutte le procedure.
Prime Mining (OTCQX: PRMNF / TSX: PRYM) completó un plan de acuerdo con Torex Gold el 22 de octubre de 2025, mediante el cual Torex adquirió todas las acciones emitidas y en circulación de Prime.
Los accionistas tienen derecho a 0,060 de una acción común de Torex por cada acción de Prime que posean. Se espera que las acciones de Prime sean deslistadas de la Toronto Stock Exchange, del OTCQX y de la bolsa de Fránfort, y Prime solicitará dejar de ser un emisor reportante en las jurisdicciones aplicables.
Los accionistas registrados deben devolver una carta de transmisión firmada y certificados de acciones o el aviso DRS a Computershare; los accionistas no registrados deben contactar a sus corredores. El folleto de información de la dirección datado el 25 de agosto de 2025 está disponible en SEDAR+ para los procedimientos completos.
Prime Mining (OTCQX: PRMNF / TSX: PRYM)은 Torex Gold과 2025년 10월 22일에 합의계획(plan of arrangement)을 완료했으며, 그에 따라 Torex가 Prime의 모든 발행주식을 인수했습니다.
주주들은 보유 주식당 톱레ックス(Torex) 보통주 0.060주의 권리를 가집니다. Prime 주식은 토론토 증권거래소, OTCQX 및 프랑크푸르트거래소에서 상장폐지될 예정이며, Prime은 해당 관할 구역에서 보고 발행인 자격을 상실하기 위한 신청을 할 것입니다.
등록 주주는 서명된 이전통지서(transmission letter)와 주식 증권 또는 DRS 안내를 Computershare에 반납해야 하며, 비등록 주주는 중개인에 문의해야 합니다. 2025년 8월 25일자로 된 경영정보 순환문서가 SEDAR+에서 전체 절차로 제공됩니다.
Prime Mining (OTCQX : PRMNF / TSX : PRYM) a conclu un plan d'accord avec Torex Gold le 22 octobre 2025, en vertu duquel Torex a acquis toutes les actions émises et en circulation de Prime.
Les actionnaires ont droit à 0,060 action ordinaire de Torex pour chaque action Prime détenue. Il est prévu que les actions Prime seront radiées de la Toronto Stock Exchange, de l'OTCQX et de la bourse de Francfort, et Prime déposera une demande pour cesser d'être un émetteur soumis à l'obligation de communication dans les juridictions concernées.
Les actionnaires enregistrés doivent retourner une lettre de transmission signée et les certificats d'actions ou l'avis DRS à Computershare; les actionnaires non enregistrés doivent contacter leurs courtiers. Le livret d'information de gestion daté du 25 août 2025 est disponible sur SEDAR+ pour les procédures complètes.
Prime Mining (OTCQX: PRMNF / TSX: PRYM) hat einen Treuhand-/Vereinbarungsplan mit Torex Gold am 22. Oktober 2025 abgeschlossen, nach dem Torex alle ausgegebenen und umlaufenden Prime-Aktien erworben hat.
Aktionäre haben Anspruch auf 0,060 Torex-Stammaktien für jede Prime-Aktie, die sie besitzen. Es wird erwartet, dass Prime-Aktien von der Toronto Stock Exchange, OTCQX und der Frankfurter Börse delistet werden, und Prime wird beantragen, in den entsprechenden Rechtsgebieten kein berichtspflichtiger Emittent mehr zu sein.
Registrierte Aktionäre müssen eine unterzeichnete Übertragungsschreiben und Aktienzertifikate oder DRS-Benachrichtigungen an Computershare zurücksenden; nicht registrierte Aktionäre sollten ihre Broker kontaktieren. Der Verwaltungs-Informationskreis vom 25. August 2025 ist auf SEDAR+ verfügbar, der vollständige Verfahrensablauf.
Prime Mining (OTCQX: PRMNF / TSX: PRYM) أكملت خطة ترتيب مع Torex Gold في 22 أكتوبر 2025، وبموجبها استحوذت Torex على جميع الأسهم المصدرة والقابلة للتداول لـ Prime.
يكون للمساهمين الحق في 0,060 من سهـم عادي في Torex مقابل كل سهم Prime يملكونه. من المتوقع أن يتم شطب أسهم Prime من بورصة تورونتو للمعاملات، وOTCQX، وبورصة فرانكفورت، وستتقدم Prime بطلب لوقف كونها مصدر تقارير في الاختصاصات المعنية.
يجب على المساهمين الم recorded إرجاع رسالة النقل الموقعة وشهادات الأسهم أو نص DRS إلى Computershare؛ يجب على المساهمين غير المسجلين الاتصال بوسطائهم. النشرة المعلوماتية الإدارية المؤرخة في 25 أغسطس 2025 متاحة على SEDAR+ للإجراءات الكاملة.
- Arrangement completed on October 22, 2025
- Torex acquired all issued and outstanding Prime shares
- Consideration: 0.060 Torex share per Prime share
- Prime shares expected to be delisted from TSX, OTCQX and Frankfurt
- Prime will apply to cease to be a reporting issuer in applicable jurisdictions
VANCOUVER, British Columbia, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is pleased to announce the completion of the previously announced plan of arrangement (the "Arrangement") involving the Company and Torex Gold Resources Inc. ("Torex"), pursuant to which Torex acquired all of the issued and outstanding shares of the Company (the "Prime Shares").
Pursuant to the Arrangement, shareholders of Prime (“Shareholders”) were entitled to receive 0.060 of a common share of Torex for each Prime Share held (the "Consideration"). The Prime Shares are expected to be delisted from the Toronto Stock Exchange, the OTCQX and the Frankfurt Stock Exchange. Prime will also apply to cease to be a reporting issuer in the applicable jurisdictions in which it is currently a reporting issuer.
Further details of the Arrangement are set out in Prime’s management information circular dated August 25, 2025 (the “Circular”), which is available on SEDAR+ at www.sedarplus.ca under Prime's profile. Shareholders are reminded to review the Circular in respect of the procedure for receiving the Consideration for their Prime Shares. Registered Shareholders (Shareholders whose Prime Shares are registered in their name, either in certificate form or through the direct registration system advice (“DRS Advice”)) must complete, sign and return the letter of transmittal, along with the share certificate(s) or DRS Advice(s), to Computershare Investor Services Inc., the depositary for the Arrangement in accordance with the instructions in the letter of transmittal. Non-registered Shareholders (Shareholders whose Prime Shares are not registered in their name and are held by a broker, bank or other intermediary) should contact their intermediaries for instructions and assistance in receiving the Consideration for such Prime Shares.
If any Shareholder has questions, please contact the Depositary by telephone at 1-800-564-6253 (Canada and the United States) or 1-514-982-7555 (International) or by email at corporateactions@computershare.com.
About Prime Mining
Prime is managed by an ideal mix of successful mining executives, strong capital markets personnel and experienced local operators all focused on unlocking the full potential of the Los Reyes Project. The Company has a well-planned capital structure with a strong management team and insider ownership.
For further information, please visit https://www.primeminingcorp.ca or direct enquiries to:
Scott Hicks
CEO & Director
Indi Gopinathan
VP Capital Markets & Business Development
Prime Mining Corp.
710 – 1030 West Georgia St.
Vancouver, BC V6E 2Y3 Canada
info@primeminingcorp.ca
Forward Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities legislation as may be amended from time to time, including, without limitation, statements regarding the Company’s plans to delist and cease to be a reporting issuer. Forward-looking statements are statements that are not historical facts which address events, results, outcomes, or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve several risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding the price of gold, silver and copper; the accuracy of mineral resource estimations; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained, including concession renewals and permitting; that political and legal developments will be consistent with current expectations; that currency and exchange rates will be consistent with current levels; and that there will be no significant disruptions affecting the Company or its properties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: risks related to uncertainties inherent in the preparation of mineral resource estimates, including but not limited to changes to the cost assumptions, variations in quantity of mineralized material, grade or recovery rates, changes to geotechnical or hydrogeological considerations, failure of plant, equipment or processes, changes to availability of power or the power rates, ability to maintain social license, changes to interest or tax rates, changes in project parameters, delays and costs inherent to consulting and accommodating rights of local communities, environmental risks, title risks, including concession renewal, commodity price and exchange rate fluctuations, risks relating to future pandemics, delays in or failure to receive access agreements, on-going receipt of amended and/or operating permits, risks inherent in the estimation of mineral resources; and risks associated with executing the Company’s objectives and strategies, including costs and expenses, physical access to the property, security risks, availability of contractors and skilled labour, as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis, as well as its annual information form dated March 28, 2025, as well as the Circular available on www.sedarplus.ca. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
FAQ
What did Prime Mining (PRMNF) announce on October 22, 2025?
How much Torex stock will PRMNF shareholders receive for each Prime share?
Will Prime Mining (PRMNF) be delisted after the arrangement?
How do registered Prime shareholders receive the Torex consideration?
What should non-registered PRMNF shareholders do to receive consideration?
Where can I find full details and procedures for the Arrangement for PRMNF shareholders?
