TORONTO, Aug. 10, 2015 /CNW/ - Temex Resources Corp.
(TSX-V: TME, FWB: TQ1) ("Temex" or the "Company")
announces that it has postponed its annual and special meeting of
shareholders that was to have been held on August 20, 2015. The new date set for Temex's
annual and special meeting of shareholders is Monday, September 14, 2015 (the
"Meeting"). The Meeting will be held to consider, among
other things, the proposed plan of arrangement pursuant to the
terms of an arrangement agreement (the "Lake Shore Arrangement
Agreement") entered into between Temex and Lake Shore Gold
Corp. ("Lake Shore") dated July 31,
2015, on the terms disclosed in the Company's press release
of July 31, 2015. The record date for
the Meeting will remain as July 16,
2015.
Full details of the Lake Shore Arrangement Agreement and the
proposed plan of arrangement, and all other matters to be
considered by shareholders at the Meeting, will be contained in the
Company's management information circular which will be mailed to
shareholders in due course. All shareholders are urged to read the
meeting materials carefully. The Lake Shore Arrangement Agreement
will be made available under the Company's SEDAR profile at
www.sedar.com.
Advisors to Temex
GMP Securities L.P. is acting as financial advisor to Temex and
Norton Rose Fulbright Canada LLP is acting as legal advisor.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information which
is not comprised of historical facts. Forward-looking information
involves risks, uncertainties and other factors that could cause
actual events, results, performance and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward-looking information contained or referred to
in this press release includes, but may not be limited to, the
completion and expected timing of the plan of arrangement
contemplated to be entered into with Lake Shore (the "Lake Shore
Arrangement") and the timing of the Meeting.
Factors that could cause actual results to differ materially
from those described in such forward-looking information include,
but are not limited to, risks related to the Company's or Lake
Shore's inability to satisfy a condition precedent to the
completion of the Lake Shore Arrangement (including obtaining the
requisite shareholder approval at the Meeting and the necessary
regulatory approvals), other risks related to the completion of the
Lake Shore Arrangement and risks related to the inability of each
of the Company and Lake Shore to perform its respective obligations
under the Lake Shore Arrangement Agreement as well as certain other
risks set out in the Company's public documents, including its
management's discussion and analysis dated May 31, 2015, filed under the Company's profile
on SEDAR at www.sedar.com.
The forward-looking information in this press release
reflects the current expectations, assumptions and/or beliefs of
the Company based on information currently available to the
Company. In connection with the forward-looking information
contained in this press release, the Company has made assumptions
about: the Company's business, the economy and the Company's
industry in general as well as Lake Shore's ability to complete the
Lake Shore Arrangement and to perform its obligations under the
Lake Shore Arrangement Agreement. The Company has also assumed that
no significant events occur outside of the Company's normal course
of business. Although the Company believes that the assumptions
inherent in the forward-looking information are reasonable,
forward-looking information is not a guarantee of future
performance and accordingly undue reliance should not be put on
such information due to the inherent uncertainty therein.
Any forward-looking information speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking information, whether as a result of new
information, future events or results or otherwise.
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.
SOURCE Temex Resources Corp.