/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
SERVICES OR DISSEMINATION IN THE UNITED
STATES/
CALGARY, Feb. 8, 2019 /CNW/ - Yellowhead Mining Inc.
("Yellowhead" or the "Company") (TSX-V: YMI), announced that it
has received overwhelming approval by Yellowhead shareholders, at
Yellowhead's special shareholder meeting (the "Special Meeting")
held today, of the acquisition by Taseko Mines Limited (TSX:TKO;
NYSE AMERICAN:TGB) ("Taseko") of all the issued and outstanding
common shares of Yellowhead ("Yellowhead Shares") in consideration
for Taseko issuing 1.1484 common shares of Taseko (each, a "Taseko
Share") for each Yellowhead Share, by way of a statutory plan of
arrangement under the British
Columbia Business Corporations Act (the
"Arrangement").
The resolution to approve the Arrangement (the "Arrangement
Resolution") required the approval of: (a) at least 66⅔% of the
votes cast on the Arrangement Resolution by the Yellowhead
shareholders present in person or by proxy at the Meeting; and (b)
a simple majority of the votes cast on the Arrangement Resolution
by the Yellowhead shareholders present in person or by proxy at the
Special Meeting, after excluding the votes of Taseko and those of
any other person whose votes must be excluded in accordance with
Multilateral Instrument 61-101 - Protection of Minority Security
Holders in Special Transactions ("MI 61-101"). Approximately
99.98% of the shares represented at the Special Meeting were voted
in favour of the Arrangement, both before and after excluding the
votes of Taseko and those of any other person whose votes must be
excluded in accordance with MI 61-101.
The Arrangement is expected to be completed on February 15, 2019, subject to court approval and
the satisfaction of certain other customary closing conditions.
About Yellowhead Mining Inc.
Yellowhead Mining Inc. is a development stage company with a
100% interest in Harper Creek,
located in the North Thompson –
Nicola region of British Columbia,
Canada.
About the Harper Creek Project
Harper Creek is a proposed 70,000
tonnes-per-day open pit copper mine with a 28 year mine life,
located in the Thompson – Nicola
region of British Columbia near
Vavenby. If developed,
Harper Creek would provide up to 600
jobs during construction and up to 450 permanent jobs during
operations.
Forward Looking Statements
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities laws. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. More particularly and without limitation,
this news release contains forward-looking statements concerning:
details of the Arrangement and completion of the Arrangement.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those anticipated in the forward-looking statements, including,
among others, those risk factors identified in the Company's
continuous disclosure documents filed under the Company's SEDAR
profile. Yellowhead undertakes no obligation to update
forward-looking information if circumstances or management's
estimates or opinions should change except as required by law. The
reader is cautioned not to place undue reliance on forward-looking
statements. More detailed information about potential factors that
could affect projected results is included in the documents filed
from time to time with the Canadian securities regulatory
authorities by Yellowhead.
Neither the TSX Venture Exchange (the "Exchange") nor its
regulation services provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy
or accuracy of this press release.
SOURCE Yellowhead Mining Inc.