Terraco Obtains Final Order Approving Plan of Arrangement
August 16 2019 - 2:54PM
Terraco Gold Corp. (“
Terraco” or
the “
Company”) (TSX Venture: TEN) is pleased to
announce that it has obtained the final order from the Supreme
Court of British Columbia approving the previously announced Plan
of Arrangement (the “
Plan of Arrangement”) with
Sailfish Royalty Corp. (“
Sailfish”) pursuant to
which, Sailfish has agreed to acquire all of the issued and
outstanding shares of Terraco (the “
Terraco
Shares”) in exchange for consideration of 0.12 of a common
share of Sailfish for each Terraco Share as further described in
Terraco’s information circular dated July 12, 2019.
Assuming all other conditions to the Plan of
Arrangement are satisfied or waived, the Plan of Arrangement is
expected to become effective on or about August 19, 2019.
About Terraco
Terraco is a gold royalty company with a royalty
portfolio of up to 3% NSR on the multi-million ounce Spring Valley
Gold Project located in Pershing County, Nevada.
The Company is listed on the TSX Venture
Exchange under the symbol "TEN". Please visit the Company's website
at www.terracogold.com for additional information.
On behalf of Terraco:
Todd Hilditch President & CEO – Terraco Gold
Corp.Phone: (604) 443 3831
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is definedin the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracyof this release.
Cautionary & Forward-Looking
Statements
Completion of the arrangement is subject to a
number of conditions, including TSX Venture Exchange acceptance.
Certain information and statements in this news release may be
considered forward-looking information or forward-looking
statements for purposes of applicable securities laws
(collectively, “forward-looking statements”), which reflect the
expectations of management regarding its disclosure and amendments
thereto. Forward-looking statements include words or expressions
such as “proposed”, “will”, “subject to”, “near future”, “in the
event”, “would”, “expect”, “prepared to” and other similar words or
expressions. Factors that could cause future results or events to
differ materially from current expectations expressed or implied by
the forward-looking statements include general business, economic,
competitive, political and social uncertainties; the state of
capital markets and risks that may impact Terraco’s business,
operations and financial condition. Forward-looking statements
consist of information or statements that are not purely
historical, including any information or statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such information or statements may include, but is not limited to
the statements that the plan of arrangement is expected to become
effective on or about August 19, 2019. Such statements are subject
to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those
contained in the statements. No assurance can be given that any of
the events anticipated by the forward-looking statements will occur
or, if they do occur, what benefits Terraco or Sailfish will obtain
from them. These forward-looking statements reflect management's
current views and are based on certain expectations, estimates and
assumptions, which may prove to be incorrect. A number of risks and
uncertainties could cause our actual results to differ materially
from those expressed or implied by the forward-looking statements,
including without limitation: (1) the risk that the Plan of
Arrangement does not become effective on or about August 19, 2019
or at all; (2) the risk that such statements may prove to be
inaccurate; and (3) other factors beyond Terraco’s control. These
forward-looking statements are made as of the date of this news
release and, except as required by applicable securities laws,
Terraco does not assume any obligation to update these
forward-looking statements, or to update the reasons why actual
results differed from those projected in the forward-looking
statements.
Additional information about these and other
assumptions, risks and uncertainties are set out in the Circular
available on SEDAR at www.sedar.com.
Terraco Gold (TSXV:TEN)
Historical Stock Chart
From Nov 2024 to Dec 2024
Terraco Gold (TSXV:TEN)
Historical Stock Chart
From Dec 2023 to Dec 2024