Yamana Gold Announces Filing of Early Warning Report in Connection With Leagold’s Intention to Make an Offer for Brio Gold
February 08 2018 - 4:04PM
YAMANA GOLD INC. (TSX:YRI) (NYSE:AUY) (“Yamana” or the “Company”)
today announced that it has filed an early warning report under
National Instrument 62-103 in connection with Leagold Mining
Corporation’s (“Leagold”) previously announced intention to make an
offer to acquire all of the outstanding common shares (the “Brio
Shares”) of Brio Gold Inc. (“Brio Gold”).
In the event Leagold makes an offer, Yamana has
agreed to tender its 63,032,488 Brio Shares, representing
approximately 53.6% of the total issued and outstanding Brio
Shares, or vote all of its Brio Shares in favour of a negotiated
plan of arrangement or other business combination between Leagold
and Brio Gold pursuant to the terms of a support agreement between
Yamana and Leagold.
A copy of the early warning report filed by
Yamana will be available under Brio’s profile on SEDAR at
www.sedar.com or by contacting Sofia Tsakos, Senior Vice President,
General Counsel and Corporate Secretary at 416-815-0220. Yamana’s
head office is located at Royal Bank Plaza, North Tower, 200 Bay
Street, Suite 2200, Toronto, ON, M5J 2J3 and Brio’s head office is
located at 22 Adelaide Street West, Suite 2020, Toronto, ON, M5H
0A9.
About Yamana
Yamana is a Canadian-based gold producer with
significant gold production, gold development stage properties,
exploration properties, and land positions throughout the Americas
including Brazil, Argentina, Chile, and Canada. Yamana plans
to continue to build on this base through existing operating mine
expansions, throughput increases, development of new mines, the
advancement of its exploration properties and, at times, by
targeting other gold consolidation opportunities with a primary
focus in the Americas.
FOR FURTHER INFORMATION PLEASE CONTACT: Investor
Relations416-815-02201-888-809-0925Email: investor@yamana.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS: This news release contains or
incorporates by reference “forward-looking statements” and
“forward-looking information” under applicable Canadian securities
legislation within the meaning of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
information includes, but is not limited to information with
respect to the Company’s strategy, plans and objectives, including
the Company’s expectations in connection with the take-over bid or
a negotiated transaction, the sale or purchase of additional common
shares of Brio that it owns in the future, on the open market or in
private transactions; Yamana’s plans to continue to build on its
asset base through existing operating mine expansions, throughput
increases, development of new mines, the advancement of its
exploration properties and, at times, by targeting other gold
consolidation opportunities with a primary focus in the Americas.
Forward-looking statements are characterized by words such as
“plan,” “expect”, “budget”, “target”, “project”, “intend”,
“believe”, “anticipate”, “estimate” and other similar words, or
statements that certain events or conditions “may” or “will” occur.
Forward-looking statements are based on the opinions, assumptions
and estimates of management considered reasonable at the date the
statements are made, and are inherently subject to a variety of
risks and uncertainties and other known and unknown factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. These
factors include market conditions as well as those risk factors
discussed or referred to herein and in the Company's Annual
Information Form filed with the securities regulatory authorities
in all provinces of Canada and available at www.sedar.com, and the
Company’s Annual Report on Form 40-F filed with the United
States Securities and Exchange Commission. Although the
Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be
anticipated, estimated or intended. There can be no assurance
that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. The Company undertakes no
obligation to update forward-looking statements if circumstances or
management’s estimates, assumptions or opinions should change,
except as required by applicable law. The reader is cautioned not
to place undue reliance on forward-looking statements. The
forward-looking information contained herein is presented for the
purpose of assisting investors in understanding the Company’s
expected plans and objectives and may not be appropriate for other
purposes.
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