The Prospector News

GCM Mining Shareholders Approve Proposed Arrangement With Aris Gold

You have opened a direct link to the current edition PDF

Open PDF Close
Slider

Share this news article

GCM Mining Shareholders Approve Proposed Arrangement With Aris Gold

 

 

 

 

 

GCM Mining Corp. (TSX: GCM) (OTCQX: TPRFF) announced that its shareholders have voted in favour of the previously announced plan of arrangement with Aris Gold Corporation at today’s special meeting of shareholders.

 

At the Meeting, 30,452,708 shares were voted, representing approximately 31.19% of the issued and outstanding shares of GCM Mining, as detailed in the table below.

 

Votes FOR Votes AGAINST
# % # %
29,577,593 97.13% 875,115 2.87%

 

Aris Gold has confirmed that it has also received approval from its shareholders at a special meeting held earlier today to proceed with the plan of arrangement.

 

The transaction is expected to close on September 26, 2022, subject to the satisfaction or waiver of certain customary closing conditions. Following closing, the Company will continue under the name Aris Mining Corporation. Aris Mining will be a gold producer with two producing mines, two advanced development projects, and an advanced stage exploration project in the Americas.

 

About GCM Mining

 

GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada – Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).

 

Posted September 20, 2022

Share this news article

MORE or "SLIDER"


Prospector News Podcast - "The Fed Hikes Interest Rates and Really Means It!" - Chris Temple

he Prospector News Publisher, Michael Fox discusses the recent Fed Rate ... READ MORE

September 23, 2022

RecycLiCo Battery Materials Founder, President, and CEO Larry Reaugh Passes Away

Prospector News Editor’s Note: I was fortunate to work with and... READ MORE

September 22, 2022

45th Annual BC Mine Reclamation Award and Scholarship Recipients Announced

The British Columbia Technical and Research Committee on Reclamat... READ MORE

September 22, 2022

Global rollout of electric vehicles depends on creating right framework for investment, says Arcadis

Arcadis, in partnership with the World Business Council for Susta... READ MORE

September 22, 2022

Jeff Christian – “How Low Can Gold Prices Go?” (Video)

CPM Group’s Jeffrey Christian discusses the Risk-Free Gold Price. As g... READ MORE

September 21, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News