VANCOUVER, May 18, 2018
/CNW/ - Rye Patch Gold Corp. ("Rye Patch" or the
"Company") (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) is
pleased to announce that shareholders have voted in favour of the
necessary resolutions for the arrangement (the "Arrangement")
between Alio Gold Inc. and Rye Patch previously announced on
March 19, 2018.
The Arrangement was approved by approximately 99.32% of votes
cast by Rye Patch shareholders and 99.31% of votes cast by
disinterested Rye Patch shareholders.
The Arrangement is expected to close on or about May 25,
2018, subject to regulatory approvals and the satisfaction of other
customary conditions.
About Rye Patch Gold Corp.
Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged
in the mining and development of quality resource-based gold and
silver mines and projects along the established Oreana trend in
west central Nevada. For
more information, please visit our website at
www.ryepatchgold.com.
On behalf of the Board of Directors
'William Howald'
William C.
(Bill) Howald, CEO & President
Special Note Regarding
Forward‐Looking Statements
This news release includes certain
"forward‐looking information" under
applicable Canadian securities laws. These
forward‐looking statements or information relate to,
among other things: the timing and receipt of required approvals
for the Arrangement; the ability of Alio
Gold and Rye Patch to satisfy the other conditions to, and
to complete, the Arrangement; and the closing of the
Arrangement.
In respect of the forward‐looking statements
and information concerning the anticipated completion of the
proposed Arrangement, the Company has provided them in reliance on
certain assumptions that are believed to be reasonable at this
time, including assumptions as to the ability of the Company and
Alio Gold to receive the necessary
court, stock exchange, creditor and regulatory approvals; and the
ability of the parties to satisfy the other conditions to the
closing of the Arrangement. Accordingly, readers should not place
undue reliance on the forward‐looking statements and
information contained in this news release concerning the
completion of the Arrangement.
These statements reflect the Company's current views with
respect to future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic,
competitive, political and social uncertainties and contingencies.
Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the
results, performance or achievements that are or may be expressed
or implied by such forward‐looking statements or
information and Rye Patch has made assumptions and estimates based
on or related to many of these factors. Such factors include,
without limitation: satisfaction or waiver of all applicable
conditions to closing of the Arrangement including, without
limitation, receipt of all necessary court, stock exchange,
creditor and regulatory approvals or consents and lack of material
changes with respect to Alio Gold
and Rye Patch and their respective businesses, all as more
particularly set forth in the Arrangement Agreement.
Readers are cautioned against attributing undue certainty to
forward‐looking statements or information. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially, there may be other
factors that cause results not to be anticipated, estimated or
intended. The Company does not intend, and does not assume any
obligation, to update these forward‐looking
statements or information to reflect changes in assumptions or
changes in circumstances or any other events affecting such
statements or information, other than as required by applicable
law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Rye Patch Gold