TORONTO, Dec. 22, 2017 /CNW/ -AuRico Metals Inc.
(TSX:AMI) ("AuRico") today announced the voting results of its
special meeting (the "Meeting") of holders of common shares (the
"Shareholders") held on December 22,
2017. At the Meeting, the Shareholders were asked to
consider and, if deemed advisable, to pass a special resolution
(the "Arrangement Resolution") approving a statutory plan of
arrangement (the "Arrangement") under section 182 of the
Business Corporations Act (Ontario) as contemplated by an arrangement
agreement dated November 6, 2017
between AuRico, Centerra Gold Inc. and Centerra Ontario Holdings
Inc. (the "Purchaser") involving, among other things, the
acquisition by the Purchaser of all of the issued and outstanding
common shares of AuRico.
The Arrangement Resolution required the approval of: (i) at
least two-thirds of the votes cast by Shareholders; and (ii) at
least a simple majority of the votes cast by Shareholders,
excluding the votes cast by certain persons whose votes were
required to be excluded in determining minority approval of a
business combination pursuant to Multilateral Instrument 61-101 –
Protection of Minority Security Holders in Special
Transactions ("MI 61-101").
The total number of common shares of AuRico represented by
Shareholders present in person or by proxy at the Meeting was
114,414,774, representing in total 70.37% of AuRico's issued and
outstanding common shares. At the Meeting, Shareholders approved
the Arrangement Resolution with approximately 99.90% of the votes
cast at the Meeting in favour of the Arrangement (99.90% excluding
the votes of certain persons in accordance with MI 61-101).
AuRico will be seeking a final order from the Ontario Superior
Court of Justice (Commercial List) with respect to the Arrangement
on January 3, 2018 and the
Arrangement is expected to be completed on or around January 8, 2018.
About AuRico
AuRico is a mining development and royalty company with a 100%
interest in the Kemess property in British Columbia, Canada. The Kemess property
hosts the feasibility-stage Kemess Underground Gold-Copper Project,
the Kemess East Project and the infrastructure pertaining to the
past producing Kemess South mine. AuRico's royalty portfolio
includes a 1.5% NSR royalty on the Young-Davidson Gold Mine and a
2.0% net smelter returns royalty on the Fosterville Mine, as well
as a portfolio of additional producing and pre-production royalty
assets located in North America
and Australia.
More information is available at www.auricometals.ca and at
www.sedar.com.
For more information about AuRico, please contact:
Chris Richter
President & Chief Executive Officer
AuRico Metals Inc.
(416) 216-2780
chris.richter@auricometals.ca
Cautionary Statement on Forward-Looking
Information
This News Release contains "forward-looking statements". All
statements other than statements of historical fact included in
this release, are forward-looking statements that involve various
risks and uncertainties and are based on forecasts of future
operational or financial results, estimates of amounts not yet
determinable and assumptions of management. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "estimates" or
"intends", or stating that certain actions, events or results
"may", "could", "would", "might", "have potential" or "will" be
taken, occur or be achieved) are not statements of historical fact
and may be "forward-looking statements". Forward-looking statements
are subject to a variety of risks and uncertainties that could
cause actual events or results to differ from those reflected in
the forward-looking statements. There can be no assurance that
forward-looking statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. In particular, forward-looking
information included in this document includes, but is not limited
to assumptions and expectations with regard to the Arrangement and
its completion. Please consult the section titled "Risk Factors" in
AuRico's Annual Information Form and other disclosures of "Risk
Factors" by AuRico, available on SEDAR. Although AuRico has
attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. AuRico assumes
no obligation to update or revise forward looking information to
reflect changes in assumptions, changes in circumstances or any
other events affecting such forward-looking information, except as
required by applicable law.
SOURCE AuRico Metals