SAVARY GOLD CORP. ("SCA")
BULLETIN TYPE: Amalgamation, Delist
BULLETIN DATE: May 1, 2019
TSX Venture Tier 2 Company
Effective at the close of business, Thursday, May 2, 2019, the common shares of Savary Gold Corp. ("Savary") will be delisted from TSX Venture Exchange. The delisting of the Company's shares results from a business combination between Savary and SEMAFO Inc. - a TSX listed company ("SEMAFO"), pursuant to a three-cornered amalgamation under the Business Corporations Act (Ontario).
Under terms of the amalgamation, Savary will amalgamate with a wholly-owned subsidiary of SEMAFO ("Subco") and Savary shareholders (other than Subco) will receive 0.0336 of a fully-paid and non-assessable SEMAFO share for each common share held.
As a result of the amalgamation, the amalgamated entity will become a wholly-owned subsidiary of SEMAFO.
For further details, please refer to the Company's Information Circular dated Apr 2, 2019 and news releases dated February 11, 2019, March 11, 2019 and April 30, 2019.
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