GOBIMIN INC. ("GMN")
BULLETIN TYPE: Delist-Offer to Purchase
BULLETIN DATE: March 8, 2023
TSX Venture Tier 2 Company
Further to the Company's press releases dated December 9, 2022, January 26, 2023, February 15, 2023, February 24, 2023 and March 7, 2023, the common shares of GobiMin Inc. (the "Company") will be delisted from TSX Venture Exchange effective at the close of business, Thursday, March 9, 2023.
The delisting of the Company's common shares results from the completion of a going private transaction by way of common share consolidation and purchase of fractional shares for cancellation, as approved by more than two-thirds of the votes cast by shareholders of the Company and by more than a majority of the votes cast by minority shareholders of the Company at the shareholders' meeting held on February 24, 2023.
Under the going private transaction, all of the common shares of the Company were consolidated on the basis of 1 new common share for each 30,000,000 old common shares. All fractional shares were repurchased by the Company for the sum of $1.84 for each pre-consolidation share, less any amount in respect of taxes required by law to be deducted or withheld. Following the consolidation and purchase, Belmont Holdings Group Limited became the sole shareholder of the Company.
For more information, please consult the Company's Management Information Circular dated January 24, 2023.
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