Next steps...“As at March 9, 2023, being the date immediately preceding the date of this Circular, there were 559,336,178 Sabina Shares issued, outstanding and entitled to vote at the Meeting.”
“In order to become effective, the Arrangement Resolution must be approved by at least 66% of the votes cast…”
“Proxies sent by mail or courier must be delivered to Computershare Investor Services Inc., not less than 48 hours (excluding Saturdays, Sundays and statutory holidays) before the time of the Meeting or any adjournment thereof. In this case, assuming no adjournment, the proxy cut-off time is 9:00 a.m. (Vancouver time) on April 10, 2023. Online votes submitted via the internet at www.investorvote.com must also be submitted by 9:00 a.m. (Vancouver time) on April 10, 2023. The Chair of the Meeting, in his or her sole discretion, may accept late proxies or waive the deadline for accepting proxies, with or without notice.” Wow!!!
“The Effective Date will occur upon satisfaction or waiver of all of the conditions to the completion of the Arrangement. If the Required Shareholder Approval is obtained at the Meeting, the Effective Date is expected to occur in late April, 2023. On the Effective Date, Sabina will publicly announce that the conditions are satisfied or waived and that the Arrangement has been completed.”
You now need to assess whether to hold or sell your soon to be Sabina B2Gold shares. There may be a significant number of Sabina-B2Gold sellers in the near future...
“B2Gold has three operating gold mines and numerous development and exploration projects in various countries including Mali, the Philippines, Namibia, Colombia, Finland and Uzbekistan. This year, B2Gold forecasts gold production to be 1,000,000 - 1,080,000 ounces.” Interesting geo-political risk profile...