www.aldridgeminerals.ca
TSX-V: AGM
TORONTO, Nov. 15, 2018 /CNW/ - Aldridge Minerals Inc.
(TSX-V: AGM) ("Aldridge" or the "Company") today
announced that it has obtained a final order from the Ontario
Superior Court of Justice (Commercial List) approving the
previously announced plan of arrangement under section 192 of the
Canada Business Corporations Act with Virtus Mining Ltd.
(the "Arrangement").
Receipt of the final order follows Aldridge's special meeting of
shareholders held on November 12,
2018, where a special resolution approving the Arrangement
was approved by shareholders.
Completion of the Arrangement is subject to customary and other
conditions. Assuming the satisfaction of these remaining
conditions, the Arrangement is expected to close prior to
November 30, 2018.
The Company will make further announcements regarding the
implementation of the Arrangement, as appropriate.
Caution Regarding Forward-Looking Information
This news release contains forward-looking information within
the meaning of applicable securities laws that reflects the current
expectations, estimates and projections of management about the
future results, performance, achievements, prospects or
opportunities for the companies following the transaction and
expectations regarding whether a transaction will be consummated,
including whether conditions to the consummation of the transaction
will be satisfied, or the timing for completing the transaction.
When used in this press release, words such as "proposed", "may",
"would", "could", "will", "expect", "anticipate", "estimate",
"believe", "intend", "plan", and other similar expressions are
intended to identify forward-looking statements.
Forward-looking statements set out in this news release are
subject to a number of known and unknown risks, uncertainties and
other factors that could cause actual results, performance,
prospects and opportunities to differ materially from those
expressed in or implied by such forward-looking statements. Such
risks, uncertainties and factors, include, but are not limited to,
the ability of the Company to satisfy the conditions to completion
of the Arrangement, including to reach an acceptable commercial
arrangement with BKT in respect of its secured term credit
facility; the timing of the closing of the Arrangement; the
occurrence of any event, change or other circumstance that could
give rise to the termination of the Arrangement Agreement; the
retention of employees, tenants, suppliers and other personnel
being adversely affected by uncertainty surrounding the
Arrangement; the availability of funds pursuant to the Loan; and
the other factors discussed under the heading "Risk Factors" in the
Company's Management's Discussion and Analysis for the year ended
December 31, 2017 and in other
continuous disclosure filings made by the Company with Canadian
securities regulatory authorities and available at www.sedar.com.
Any number of important factors could cause actual results to
differ materially from these forward-looking statements as well as
future results.
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 news release.
SOURCE Aldridge Minerals Inc.