ROYAL FOX GOLD INC. ("FOXG")
BULLETIN TYPE: -Plan of Arrangement, Delist
BULLETIN DATE: November 4, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing documentation in connection with an arrangement agreement between Royal Fox Gold Inc. (the "Company"), and Northern Superior Resources Inc. (the "Purchaser") dated September 6, 2022, pursuant to which the Purchaser acquired all of the issued and outstanding common shares, common share purchase warrants, and stock options of the Company by way of a plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement").
The Exchange has been advised that the requisite approval of the Arrangement by the Company's security holders was received at a special meeting of security holders held on October 31, 2022, and that the Ontario Superior Court of Justice granted a final order with respect to the Arrangement on November 2, 2022. The Arrangement was completed on November 4, 2022. Under the Arrangement, former shareholders of the Company received 0.12 of a Northern Superior common share and a non-transferable right for each Royal Fox common share held.
Delisting:
Effective at the close of business on November 8, 2022, the shares of the Company will be delisted from the TSX Venture Exchange.
For further details, please refer to the Company's management information circular dated September 30, 2022, and news releases dated September 6, 2022, November 1, 2022 and November 4, 2022.
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