MARIANA RESOURCES LIMITED ("MARL")
BULLETIN TYPE: Delist-Offer to Purchase
BULLETIN DATE: July 5, 2017
TSX Venture Tier 1 Company
Effective at the close of business, Wednesday, July 5, 2017, the common shares of Mariana Resources Limited (the "Company" or "Mariana") will be delisted from TSX Venture Exchange. The delisting of the Company's shares results from Sandstorm Gold Ltd.'s ("Sandstorm") acquisition of 100% of the Company's shares pursuant to its offer announced on April 26, 2017. Mariana shareholders will receive 0.2573 of a common share of Sandstorm and 28.75 pence in cash for every one (1) Mariana share held.
The acquisition will be implemented by way of a scheme of arrangement under Part VIII of the Companies (Guernsey) Law.
The scheme of arrangement was approved by Mariana's shareholders at a general meeting held on June 16, 2017 and will be sanctioned by the Royal Court of Guernsey on June 26, 2017. The scheme will become effective on July 3, 2017.
For further information please refer to the information circular of Mariana Resources Limited dated May 15, 2017 and the Company's news releases dated April 26, 2017 to June 30, 2017.
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