News
ORIGINAL: New Placer Dome Gold Obtains Final Order For Plan Of Arrangement
2022-05-11 15:30 ET - News Release
VANCOUVER, BC / ACCESSWIRE / May 11, 2022 / CopAur Minerals Inc. (TSXV:CPAU) ("CopAur") and New Placer Dome Gold Corp. (the "Company" or "New Placer Dome") (TSXV:NGLD) are pleased to announce that New Placer Dome has obtained a final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement with CopAur under the Business Corporations Act (British Columbia) (the "Final Order"). Pursuant to the plan of arrangement, CopAur will acquire all of the outstanding common shares of New Placer Dome ("Common Shares") for consideration of 0.1182 of a common share of CopAur for each Common Share held (the "Arrangement").
The Arrangement was previously approved by holders of Common Shares (the "Shareholders") at the special meeting of Shareholders held on May 6, 2022 (the "Meeting"). It is currently anticipated that the Arrangement will be completed on or about May 13, 2022 upon the satisfaction or waiver of customary closing conditions as set forth in the definitive arrangement agreement, which include, among other things, the receipt of final approval of the Arrangement from the TSX Venture Exchange.
Further details regarding the Arrangement are set out in the management information circular of the Company dated April 7, 2022, which is available on New Placer Dome's profile on SEDAR (www.sedar.com).
About New Placer Dome Gold Corp.
New Placer Dome Gold Corp. is a gold exploration company focused on acquiring and advancing gold projects in Nevada. New Placer Dome's flagship Kinsley Mountain Gold Project located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture, Nevada Gold Mines), hosts Carlin-style gold mineralization, previous run of mine heap leach production, and NI 43-101 indicated resources containing 418,000 ounces of gold grading 2.63 g/t Au (4.95 million tonnes) and inferred resources containing 117,000 ounces of gold averaging 1.51 g/t Au (2.44 million tonnes)[1]. The Bolo Project, located 90 km northeast of Tonopah, Nevada, is another core asset, similarly hosting Carlin-style gold mineralization. New Placer Dome also owns 100% of the Troy Canyon Project, located 120 km south of Ely, Nevada. New Placer Dome is run by a strong management and technical team consisting of capital markets and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.
Qualified Person
The scientific and technical information contained in this news release as it relates to New Placer Dome has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC), Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a Director of New Placer Dome and a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Raffle has verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained herein.