GOLD X MINING CORP. ("GLDX")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: June 4, 2021
TSX Venture Tier 1 Company
Plan of Arrangement:
The arrangement consists of an arm's length acquisition by Gran Colombia Gold Corp. ("GCM") of all of the issued and outstanding common shares (the "Common Shares") of the Company not already owned by GCM or its affiliates by way of statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). The Arrangement was completed pursuant to an arrangement agreement dated March 14, 2021. As a result of the Arrangement, the Company became a wholly-owned subsidiary of GCM and GCM gained control of the Toroparu Gold Project located in Guyana, South America.
The Exchange has been advised that the Arrangement was approved by 99.81% of the votes cast by shareholders of the Company at the shareholder meeting held on May 27, 2021. The Supreme Court of British Columbia granted the final order approving the Arrangement on June 1, 2021.
For further information, refer to the Company's management information circular in respect of the shareholder meeting held on May 27, 2021, and its news releases dated May 20, 2021, May 27, 2021 and June 1, 2021.
Delist:
In conjunction with the consummation of the Arrangement, the Company has requested that its Common Shares be delisted. Accordingly, effective at the close of business on June 7, the Common Shares of the Company will be delisted from the Exchange.
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