A total of 21,341,555 Common Shares were voted in person or by proxy at the Meeting, representing 53.7 % of the outstanding Common Shares.
The Arrangement was approved by 98.5% of the votes cast by Paycore Shareholders at the Meeting. The Arrangement was also approved by a simple majority of the votes cast by Paycore Shareholders, other than the votes cast by
In addition to the Arrangement, the Paycore Shareholders, other than Waterton, which was excluded pursuant to MI 61-101, also approved the amendment to the contingent value rights agreement between Paycore, and
About Paycore
Paycore is a corporation incorporated under the Business Corporations Act (
Overseen by an experienced board and management team that includes
Contact:
Tel: 416-712-6151
Email: christina.mccarthy@paycoreinc.com
Cautionary Statements
This news release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as 'may', 'should', 'anticipate', 'will', 'estimates', 'believes', 'intends' 'expects' and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning (i) the timing and completion of the Arrangement; (ii) the proposed business objectives of the Company, (iii) the impact, and anticipated results, of ongoing drill program and results on the Company, (iv) the possible economics of the FAD Property, and the Company's understanding of the FAD Property, (v) the development potential and timetable of the FAD Property, (vi) the estimation of potential mineral resources, (vii) the timing and amount of estimated future exploration on the FAD Property, (viii) the ability to obtain all regulatory and court approvals of the Arrangement, and (ix) the timing and ability of Paycore to satisfy the conditions precedent to completing the Arrangement. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the FAD Property. Specifically, factors that could cause the actual performance and results of the Company to differ materially from those in forward-looking statements include, without limitation, changes to commodity prices, metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.
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