Leading Independent Proxy Advisory Firms Recommend Esperanza Shareholders Vote in Favour of Proposed Transaction With Alamos
August 16 2013 - 12:09PM
Marketwired
Institutional Shareholder Services Inc. ("ISS") and Glass Lewis
& Co. ("Glass Lewis"), two leading proxy advisory firms, have
recommended that shareholders of Esperanza Resources Corp. (TSX
VENTURE:EPZ) (OTCQX:ESPZF) vote FOR the plan of arrangement with
Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) to be voted on at a special
meeting of the shareholders of Esperanza on August 27, 2013.
In both reports, ISS and Glass Lewis recommend shareholders vote
FOR the proposed transaction (previously reported by news release
on July 12, 2013) where Alamos has agreed to acquire all of the
issued and outstanding common shares of Esperanza. Esperanza
shareholders will receive consideration of C$0.85 in cash for each
common share of Esperanza held and 0.0625 of an Alamos Warrant.
Alamos has applied to have the Alamos Warrants listed on the
Toronto Stock Exchange.
In their report ISS stated, "a vote FOR is warranted based on a
review of the terms of the transaction and, in particular, the
significant premium, the favorable market reaction and no
significantly noted governance concerns."
Glass Lewis also concluded that, "the cash consideration
provides shareholders with certainty of value and immediate
liquidity at a time of significant industry uncertainty while the
warrant offers shareholders participation in the longer term value
of Alamos."
ISS is the leading provider of corporate governance solutions to
the global financial community. More than 1,700 institutional
clients rely on the expertise of ISS to help them make more
informed investment decisions on behalf of their shareholders.
Glass Lewis is a leading, independent, governance analysis and
proxy voting firm, serving more than 900 institutional investors
globally. Glass Lewis focuses their research on the long-term
financial impact of investment and proxy vote decisions and assists
institutional investors to make sound decisions by uncovering and
assessing governance, business, legal, political and accounting
risks.
Attention Esperanza Shareholders
Be sure to vote your proxy before 10:00 a.m. (Vancouver time) on
Friday, August 23, 2013. For more information and assistance in
voting your proxy, please contact Kingsdale Shareholder Services
Inc. at 1-866-581-1571 or by email at
contactus@kingsdaleshareholder.com.
About Esperanza
Esperanza is a precious metals exploration and development
company focused on advancing its principal property, the
wholly-owned Esperanza gold project (formerly referred to as the
Cerro Jumil gold project) in Morelos State, Mexico.
Information regarding the Company and the Esperanza gold project
is available on the Company's website at www.epzresources.com and
under the Company's profile at SEDAR (www.sedar.com).
About Alamos
Alamos is an established Canadian-based gold producer that owns
and operates the Mulatos Mine in Mexico, and has exploration and
development activities in Mexico and Turkey. The Company employs
more than 600 people and is committed to the highest standards of
environmental management, social responsibility, and health and
safety for its employees and neighbouring communities. Alamos has
approximately $475 million in cash and cash equivalents, is
debt-free, and unhedged to the price of gold. As of August 15,
2013, Alamos had 127,348,986 common shares outstanding (132,423,186
shares fully diluted), which are traded on the TSX and NYSE under
the symbol "AGI".
Cautionary Note
The TSX, TSXV and NYSE have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
Each of Alamos and Esperanza prepares its disclosure in
accordance with the requirements of securities laws in effect in
Canada, which differ from the requirements of U.S. securities laws.
Terms relating to mineral resources in this news release are
defined in accordance with National Instrument 43-101 - Standards
of Disclosure for Mineral Projects under the guidelines set out in
the Canadian Institute of Mining, Metallurgy, and Petroleum
Standards on Mineral Resources and Mineral Reserves. The United
States Securities and Exchange Commission (the "SEC") permits
mining companies, in their filings with the SEC, to disclose only
those mineral deposits that a company can economically and legally
extract or produce. Alamos and Esperanza may use certain terms,
such as "measured mineral resources", "indicated mineral
resources", "inferred mineral resources" and "probable mineral
reserves", that the SEC does not recognize (these terms may be used
in this news release and are included in the public filings of
Alamos and Esperanza, which have been filed with the SEC and the
securities commissions or similar authorities in Canada)
Contacts: Esperanza Resources Corp. Simon Venhuizen Director,
Investor Relations 604-336-8194 or Toll Free:
1-866-890-5509simon@epzresources.com www.epzresources.com Contacts:
Alamos Gold Inc. Scott K. Parsons Manager, Investor Relations (416)
368-9932 x 439 www.alamosgold.com
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