Alamos and Orsa Announce Results of Orsa Shareholder Vote
September 11 2013 - 4:33PM
Marketwired
Alamos Gold Inc. ("Alamos") (TSX:AGI) (NYSE:AGI) and Orsa Ventures
Corp. ("Orsa") (TSX VENTURE:ORN) are pleased to announce that an
overwhelming majority of Orsa shareholders who voted today at
Orsa's Special Meeting of Shareholders (the "Meeting") have voted
to approve the plan of arrangement pursuant to which Alamos will
acquire all the issued and outstanding common shares of Orsa (the
"Arrangement"). Over 98% of the securities voted at the Meeting
were voted in favor of the special resolution approving the
Arrangement.
Pursuant to the terms of the Arrangement, Orsa shareholders will
receive C$0.10 in cash for each common share of Orsa held. The
transaction values Orsa's equity at approximately C$3.5 million on
a fully diluted in-the-money basis.
Orsa's application to the Supreme Court of British Columbia to
obtain the final court order approving the Arrangement is scheduled
for Thursday, September 12, 2013. Assuming court approval is
obtained and that all other conditions to the Arrangement are
satisfied or waived, the Arrangement is expected to become
effective on or about September 13, 2013.
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
sustainable development. Alamos has approximately $445 million in
cash and cash equivalents, is debt-free, and unhedged to the price
of gold. As of September 10, 2013, Alamos had 127,508,986 common
shares outstanding (138,248,848 shares fully diluted), which are
traded on the TSX and NYSE under the symbol "AGI".
About Orsa
Orsa is a junior exploration company focused on advancing its
precious metal properties located in the Western United States,
including the Quartz Mountain Property in Oregon as well as other
assets in Oregon and Nevada. The Quartz Mountain Property is
located on the northern extension of the prolific Basin and Range
Province of Nevada.
Cautionary Note
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein.
Contacts: Alamos Gold Inc. Scott K. Parsons Manager, Investor
Relations (416) 368-9932 x 439 www.alamosgold.com Contacts: Orsa
Ventures Corp. Linda E. Thorstad President and Chief Executive
Officer (604) 608-6680 www.orsaventures.com
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