Alexandria Minerals Corporation (TSX-V:AZX) (OTCQB:ALXDF) (Frankfurt:A9D) is pleased to confirm that shareholders of Alexandria approved, at the special meeting of Alexandria Shareholders held earlier today, the business combination with O3 Mining Inc. as more particularly described in the Company’s June 27, 2019 and June 28, 2019 press releases.
At the special meeting of Alexandria Shareholders held earlier today, 259,219,643 common shares of Alexandria were voted, representing approximately 50.15% of the issued and outstanding Alexandria Shares, with 184,813,645 Alexandria Shares (72.132%) voting in favour of the Arrangement and 71,400,707 Alexandria Shares (27.868%) voting against the Arrangement. The vote was conducted by way of a ballot.
Following the successful result of today’s vote, Alexandria will seek an order from the Superior Court of Justice (Commercial List) granting final approval of the Arrangement on Wednesday, July 31, 2019. Assuming the receipt of such final order, and the satisfaction or waiver of the other closing conditions, the Company anticipates that the Arrangement will close on or about Thursday, August 1, 2019.
As a reminder, assuming completion of the Arrangement, Alexandria Shareholders will be entitled to receive 0.018041 common shares in the capital of O3 Mining in exchange for each Alexandria Share held immediately prior to the effective time of the Arrangement.
The Arrangement remains subject to the approval of the TSX Venture Exchange.
About Alexandria Minerals Corporation
Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with its strategic property located in the world-class mining district of Val d’Or, Quebec. Alexandria’s focus is on its flagship property, the large Cadillac Break Property package in Val d’Or, which hosts important, near-surface, gold resources along the prolific, gold-producing Cadillac Break, all of which have significant growth potential.
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