Sabre Gold Announces Update on Closing of the Transaction with Minera Alamos
Sabre Gold Mines (TSX: SGLD, OTCQB: SGLDF) has provided an update regarding its previously announced plan of arrangement with Minera Alamos (TSXV: MAI). The closing date for the transaction has been delayed by one week to February 5th, 2025, from the initially expected January 27th date.
Under the arrangement, Minera Alamos will acquire all outstanding Sabre shares at an exchange rate of 0.693 Minera Alamos shares for each Sabre share. The delay is attributed to pending documentation concerning security release on title and a final condition precedent from Minera. Sabre has obtained the Final Order from the Ontario Superior Court of Justice. The company's shares are expected to be delisted from the Toronto Stock Exchange within 2-3 business days following the arrangement's completion.
Sabre Gold Mines (TSX: SGLD, OTCQB: SGLDF) ha fornito un aggiornamento riguardo al suo piano di accordo precedentemente annunciato con Minera Alamos (TSXV: MAI). La data di chiusura della transazione è stata posticipata di una settimana al 5 febbraio 2025, rispetto alla data inizialmente prevista del 27 gennaio.
Secondo l'accordo, Minera Alamos acquisirà tutte le azioni in circolazione di Sabre a un tasso di cambio di 0,693 azioni di Minera Alamos per ogni azione di Sabre. Il ritardo è attribuito alla documentazione in sospeso riguardante il rilascio di garanzie sul titolo e a una condizione finale precedente da parte di Minera. Sabre ha ottenuto l'Ordine Finale dalla Corte Superiore dell'Ontario. Le azioni della società dovrebbero essere ritirate dalla Borsa di Toronto entro 2-3 giorni lavorativi dopo il completamento dell'accordo.
Sabre Gold Mines (TSX: SGLD, OTCQB: SGLDF) ha proporcionado una actualización sobre su plan de arreglo previamente anunciado con Minera Alamos (TSXV: MAI). La fecha de cierre de la transacción se ha retrasado una semana, al 5 de febrero de 2025, desde la fecha inicialmente esperada del 27 de enero.
De acuerdo con el arreglo, Minera Alamos adquirirá todas las acciones ordinarias de Sabre a un tipo de cambio de 0,693 acciones de Minera Alamos por cada acción de Sabre. El retraso se atribuye a la documentación pendiente sobre la liberación de garantías en el título y a una condición final que debe cumplirse por parte de Minera. Sabre ha obtenido la Orden Final del Tribunal Superior de Justicia de Ontario. Se espera que las acciones de la compañía sean excluidas de la Bolsa de Toronto dentro de 2-3 días hábiles después de la finalización del arreglo.
세이브 골드 마인즈 (TSX: SGLD, OTCQB: SGLDF)는 미네라 알라모스 (TSXV: MAI)와의 합의 계획에 대한 업데이트를 제공했습니다. 거래 마감일이 1주일 연기되어 2025년 2월 5일이 되었으며, 원래 예정보다 늦어졌습니다.
합의에 따라 미네라 알라모스는 세이브의 모든 보통주를 0.693 미네라 알라모스 주식과 교환하며 인수하게 됩니다. 지연은 소유권에 대한 보증 해제와 관련된 pending 문서와 미네라에서의 최종 조건 충족에 기인합니다. 세이브는 온타리오 고등법원의 최종 명령을 받았습니다. 회사의 주식은 거래가 완료된 후 2-3 영업일 내에 토론토 증권 거래소에서 상장 폐지될 것으로 예상됩니다.
Sabre Gold Mines (TSX: SGLD, OTCQB: SGLDF) a fourni une mise à jour concernant son plan d'arrangement précédemment annoncé avec Minera Alamos (TSXV: MAI). La date de clôture de la transaction a été reportée d'une semaine au 5 février 2025, par rapport à la date initialement prévue du 27 janvier.
Dans le cadre de l'arrangement, Minera Alamos acquerra toutes les actions en circulation de Sabre à un taux de change de 0,693 actions de Minera Alamos pour chaque action de Sabre. Le retard est attribué à la documentation en attente concernant la libération de garanties sur le titre et une condition préalable finale de Minera. Sabre a obtenu l'Ordonnance finale de la Cour supérieure de justice de l'Ontario. Les actions de la société devraient être radiées de la Bourse de Toronto dans les 2 à 3 jours ouvrables suivant l'achèvement de l'arrangement.
Sabre Gold Mines (TSX: SGLD, OTCQB: SGLDF) hat ein Update zu seinem zuvor angekündigten Arrangementsplan mit Minera Alamos (TSXV: MAI) bereitgestellt. Das Abschlussdatum für die Transaktion wurde um eine Woche auf den 5. Februar 2025 verschoben, von ursprünglich erwarteten 27. Januar.
Im Rahmen des Arrangements wird Minera Alamos alle ausstehenden Aktien von Sabre zu einem Umtauschverhältnis von 0,693 Minera Alamos Aktien für jede Sabre Aktie erwerben. Die Verzögerung ist auf ausstehende Unterlagen bezüglich der Sicherheitsfreigabe des Titels und eine letzte Voraussetzung von Minera zurückzuführen. Sabre hat den endgültigen Beschluss des Obersten Gerichtshofs von Ontario erhalten. Die Aktien des Unternehmens werden voraussichtlich innerhalb von 2-3 Geschäftstagen nach Abschluss der Vereinbarung von der Toronto Stock Exchange delisted.
- None.
- One-week delay in closing the previously announced acquisition
- Pending delisting from Toronto Stock Exchange
Toronto, Ontario--(Newsfile Corp. - January 31, 2025) - Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) ("Sabre Gold" or the "Company") is pleased to provide an update to its press release of January 14th, 2025 concerning the anticipated closing of its previously announced plan of arrangement pursuant to which Minera Alamos Inc. (TSXV: MAI) ("Minera Alamos") will acquire all the issued and outstanding shares of the Sabre at an exchange rate of 0.693 common shares in the capital of Minera Alamos for each common share (a "Share") in the capital of Sabre (the "Arrangement").
The Plan of Arrangement was expected to become effective on or about January 27, 2025, subject to, among other things, Sabre obtaining a Final Order from the Ontario Superior Court of Justice (Commercial List) in respect of the Arrangement and the satisfaction or waiver of certain other customary closing conditions. Sabre has obtained a Final Order from the Ontario Court of Justice (Commercial List) and closing is now expected to occur on or about February 5th, 2025. The one-week delay is a result of certain executed and notarized documentation concerning the release of security on title to be in hand and to allow the last condition precedent to be removed by Minera. It is expected that, within two to three business days following the completion of the Arrangement, the Sabre Shares will be delisted from the Toronto Stock Exchange.
Additional details about the Arrangement and the Arrangement Resolution, and the Debt Settlements and Debt Settlement Resolution, can be found in the management information circular of Sabre dated December 3rd, 2024, a copy of which is available on SEDAR+ (www.sedarplus.ca) under Sabre's issuer profile.
About Sabre Gold Mines Corp.
Sabre Gold is a near-term gold producer in North America which holds
Copperstone has approximately 300,000 ounces of gold in the Measured and Indicated categories, and approximately 197,000 ounces of gold in the Inferred category. Additionally, Copperstone has considerable existing operational infrastructure as well as significant exploration upside. Sabre Gold is led by an experienced team of mining professionals with backgrounds in exploration, mine building and operations.
For further information please visit the Sabre Gold Mines Corp. website: (www.sabre.gold).
| Andrew Elin | Doug Ramshaw |
| CEO and President | President |
| Sabre Gold Mines Corp. | Minera Alamos Inc |
| 416-904-2725 | 604-600-4423 |
| andrew@sabre.gold | dramshaw@mineraalamos.com |
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information under Canadian securities legislation including the anticipated date of completion of the Arrangement and any other statements concerning the Arrangement and Debt Settlements. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include but are not limited to: third party and regulatory approvals and the satisfaction of all applicable conditions. Risks and uncertainties about Sabre Gold's business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Sabre Gold assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239081
FAQ
What is the exchange ratio for Sabre Gold shares (SGLDF) in the Minera Alamos acquisition?
When is the new expected closing date for the Sabre Gold (SGLDF) and Minera Alamos merger?
Why was the Sabre Gold (SGLDF) merger closing date delayed?
When will Sabre Gold (SGLDF) shares be delisted from the Toronto Stock Exchange?
