Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

Anaconda Mining Withdraws Offer to Maritime Shareholders

 

 

 

 

 

Anaconda Mining Inc. (TSX:ANX) (OTCQX: ANXGF) announces today the withdrawal of its previously announced premium take-over bid to acquire all the issued and outstanding shares of Maritime Resources Corp. (TSX-V:MAE). Anaconda will not take up any of the Maritime shares tendered in connection with the Offer. 

 

 

With the recently completed private placement, Maritime shareholders made it clear that they stood with management and wanted to pursue a stand-alone strategy to advance the Hammerdown Project. Anaconda continues to believe that its Offer was compelling and provided shareholders immediate appreciation in their Maritime shares. In addition, over the long term, Anaconda could have created more value for Maritime shareholders through the combination of the two companies’ assets than what Maritime could have done on its own. Now that Maritime is behind us, we will focus on other opportunities we have in Atlantic Canada to grow our business.”

~ Dustin Angelo, President and CEO, Anaconda Mining Inc.

 

 

NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES

 

 

The Offer was made for the securities of a foreign company. The Offer was subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the Offer to Purchase and Circular of Anaconda to Maritime shareholders filed on SEDAR at www.sedar.com on April 13, 2018, if any, were prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.

 

 

It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court’s judgment.

 

 

You should be aware that Anaconda may purchase securities of Maritime at their discretion in open market or privately negotiated purchases.

 

 

ABOUT ANACONDA MINING INC.

 

 

Anaconda is a TSX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Stog’er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company’s Point Rousse Project.

 

 

The Company also has a pipeline of organic growth opportunities, including the Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.

 

Posted July 12, 2018

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

MORE or "UNCATEGORIZED"


Juggernaut Arranges $2,277,989 Financing

Juggernaut Exploration Ltd. (TSX-V: JUGR) (Frankfurt:4JE)&n... READ MORE

December 12, 2018

Power Ore Announces Transformational Acquisition of the Falconbridge Opemiska Copper Mine Complex in Quebec

Power Ore Inc. (TSX-V: PORE) is pleased to announce that it has e... READ MORE

December 12, 2018

Prize Mining reports results from Kena Gold Project 2018 drilling program that includes intersects of 4.37g/t Au over 6.00 metres and 14.3 g/t Au over 0.84 metres and provides corporate update

PRIZE MINING CORPORATION (TSX-V:PRZ) (OTCQB:PRZFF) (MQSP:GR... READ MORE

December 12, 2018

Minera Alamos Announces $2 Million of Early Funding Under Its Royalty Facility with Osisko Gold Royalties for the La Fortuna Gold Project, Durango, Mexico

Minera Alamos Inc. (TSX-V: MAI) is pleased to announce it has obt... READ MORE

December 12, 2018

American Lithium Confirms Historic Claystone Grades at North End of Nevada FLV Project

American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (FSE: 5LA) has r... READ MORE

December 12, 2018

Copyright 2018 The Prospector News - Site design by Spyderbaby Productions