VANCOUVER, British Columbia, Oct. 26, 2022 (GLOBE NEWSWIRE) — American Pacific Mining Corp USGDUSGDF (“American Pacific“) and Constantine Metal Resources Ltd. (“constantine“) CEM CNSNF announced today that the securityholders of Constantine (as defined below) have agreed to the previously announced acquisition of Constantine by American Pacific by way of a plan of arrangement (the “arrangement“) at a special meeting of securityholders (the “To meet“).
The special resolution approving the Arrangement was passed by (i) 98.92% of the votes cast by Constantine shareholders (the “Constantine shareholders“) present at the meeting or by proxy; (ii) 98.99% of the votes cast by Constantine shareholders and Constantine option holders (collectively, the “security holder“) voting as a single class, present or represented by proxy at the meeting; and (iii) 98.71% of the votes cast by Constantine shareholders, excluding votes attached to Constantine shares are and must be excluded under Multilateral Instrument 61-101 – Protection of minority shareholders in special transactions.
Under the terms of the Agreement, Constantine shareholders will receive 0.881 common shares in the capital of American Pacific for each Constantine share held (the “thoughtfulness“). Information regarding the procedure for the exchange of shares for consideration is contained in Constantine’s Management Information Circular dated September 22, 2022 relating to the Meeting (the “Circular“). The circular and accompanying letter of transmittal are available under Constantine’s profile on SEDAR at www.sedar.com and on Constantine’s website at https://constantinemetals.com/investors/investor-centre/.
The Agreement is subject to approval by the British Columbia Supreme Court (the “court“) and the satisfaction or waiver of other customary conditions. The court hearing for the final order approving the Arrangement is currently scheduled for October 27, 2022…
