ARGENTEX MINING CORPORATION ("ATX")
BULLETIN TYPE: Plan of Arrangement-Delist
BULLETIN DATE: August 19, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an arrangement agreement between Argentex Mining Corporation ("Argentex") and Austral Gold Limited ("Austral") dated February 2, 2016 (the "Agreement"). Pursuant to the Agreement, Austral has agreed to acquire all of the issued and outstanding common shares of Argentex by way of a plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the "Transaction"). Under the Agreement, each Argentex shareholder will be entitled to receive 0.564676 Austral common shares for each common share of Argentex held.
The Exchange has been advised that approval of the Transaction by the Argentex shareholders was received at a special meeting of shareholders held on May 17, 2016 and that approval of the Transaction was received from the Supreme Court of British Columbia on May 25, 2016. The Transaction completed on August 19, 2016. The full particulars of the Transaction are set forth in the Argentex Information Circular, dated as of April 13, 2016, which is available under the Argentex profile on SEDAR.
Delisting:
In conjunction with the closing of the Transaction, Argentex has requested that its common shares be delisted. Accordingly, effective at the close of business, Friday, August 19, 2016, the common shares of Argentex will be delisted from the Exchange.
Insider / Pro Group Participation: Prior to the closing of the Transaction Austral owned 19.9% of the issued and outstanding shares of Argentex.
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