ValOre Reminds Shareholders of Proxy Cutoff in Connection with the Annual and Special Meeting to Approve the Sale of the Angilak Property to Labrador Uranium
May 09 2023 - 11:18AM
ValOre Metals Corp.
TSX‐V: VO;
OTCQB: KVLQF;
Frankfurt: KEQ0,
(“
ValOre” or the “
Company”).
Further to ValOre’s news release on March 14, 2023, ValOre reminds
its shareholders to deposit their proxies and/or voting instruction
forms in connection with the upcoming annual and special meeting of
ValOre shareholders (the “
Meeting”) scheduled to
take place on May 12, 2023 to approve, inter alia, the proposed
plan of arrangement under the provisions of the Business
Corporations Act (British Columbia) whereby ValOre will sell its
interest in the Angilak Property uranium project in Nunavut
Territory to Labrador Uranium Inc. (the
“
Transaction”). In order for ValOre shareholder
votes to be counted, proxies submitted must be received by 10:00
am, Pacific Time, on Wednesday, May 10, 2023. Additional
information regarding the matters to be considered at the Meeting
and the Transaction are described in the notice of annual and
special meeting and management information circular in respect of
the Meeting, each dated April 13, 2023 (the “
Information
Circular”) that was mailed to shareholders of record as of
April 10, 2023 and available under ValOre’s profile at
www.sedar.com.
The Company also announced that in connection
with the financial advisory services provided to the Company by
Canaccord Genuity Corp. (“Canaccord”) in
connection with the Transaction, the Company has agreed, subject to
the approval of the TSX Venture Exchange, to settle a portion of
the fees payable to Canaccord by issuance of 1,793,900 shares of
the Company at a price of $0.2231 per Company share. Shares issued
to Canaccord are subject to a hold period of four months plus one
day from the date of issuance. Further details of Canaccord’s
engagement can be found in the Information Circular.
On behalf of the Board of
Directors,
“Jim Paterson” James R. Paterson, Chairman and CEO
ValOre Metals Corp.
For further information about ValOre Metals
Corp., or this news release, please visit our website at
www.valoremetals.com or contact Investor Relations at
604-653-9464, or by email at contact@valoremetals.com.
ValOre Metals Corp. is a proud member of
Discovery Group. For more information please visit:
http://www.discoverygroup.ca/.
Neither the 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.
Forward Looking Information
Certain statements and information herein
contain forward-looking statements and forward-looking information
(collectively, “forward-looking statements”) within the meaning of
applicable securities laws. Such forward-looking statements include
but are not limited to statements or information with respect to:
the proposed Transaction.
Although management of the Company believe that
the assumptions made and the expectations represented by such
forward-looking statements are reasonable, there can be no
assurance that forward-looking statements will prove to be
accurate. Forward-looking statements by their nature are based on
assumptions and involve known and unknown risks, uncertainties and
other factors which may cause actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements or information. These factors include,
but are not limited to: the Transaction may not close on the terms
currently contemplated, or at all; risks relating to the receipt of
all requisite approvals for the proposed Transaction; changes in
general economic conditions or conditions in the financial markets;
and risks related to general economic conditions.
The Company does not undertake to update any
forward-looking information, except in accordance with applicable
laws.
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