Brazilian Gold Shareholders Approve Arrangement with Brazil Resources
November 20 2013 - 2:56PM
Business Wire
Brazilian Gold Corporation ("BGC") (TSX-V: BGC) and Brazil
Resources Inc. ("Brazil Resources") (TSX-V: BRI; OTCQX: BRIZF) are
pleased to jointly announce that at a special meeting of
shareholders of BGC held earlier today (the "Meeting"), BGC
shareholders voted in favour of the proposed transaction pursuant
to which Brazil Resources will acquire all of the issued and
outstanding common shares of BGC by way of a plan of arrangement
under the Business Corporations Act (British Columbia) (the
"Arrangement"). Over 94% of the shares voted at the Meeting were
voted in favour of the special resolution approving the
Arrangement.
BGC's application to the Supreme Court of British Columbia to
obtain the final order approving the Arrangement is currently
scheduled for Thursday, November 21, 2013. If court approval is
obtained and all other conditions precedent to the Arrangement are
satisfied or waived, the Arrangement is expected to become
effective on or about November 22, 2013.
About Brazil Resources Inc.
Brazil Resources is a public mineral exploration company with a
focus on the acquisition and development of projects in emerging
producing gold districts in Brazil, Paraguay and other parts of
South America. Currently, Brazil Resources is advancing its
Cachoeira, Montes Áureos and Trinta Gold Projects located in the
Gurupi Gold Belt in northeastern-Brazil, and its Artulandia
Copper-Gold Project in central Brazil.
About Brazilian Gold Corporation
BGC is a Canadian-based public company with a focus on the
acquisition, exploration and development of gold properties located
in northern Brazil. BGC has title to one of the largest mineral
exploration land packages (3,753 km2) in the Tapajós and adjacent
Alta Floresta gold provinces. The land package contains green
fields to more advance stage projects including BGC's flagship São
Jorge project. Rapid improvements to regional infrastructure
continue to provide underlying support to Brazilian Gold's
activities in northern Brazil.
For additional information, please contact:
Brazil Resources Inc.Stephen Swatton, Chief Executive
OfficerPatrick Obara, Chief Financial OfficerTelephone: (855)
630-1001
Brazilian Gold CorporationIan (John) Stalker, Chief Executive
OfficerJoanne Yan, PresidentTelephone: (604) 602-8188
Forward Looking Statements
This document contains certain forward-looking statements that
reflect the current views and/or expectations of Brazil Resources
and/or BGC (the "Companies") with respect to their respective
business and future events, including statements regarding the
Companies' beliefs and expectations regarding the completion and/or
timing of the Arrangement. Forward-looking statements are based on
the then-current expectations, beliefs, assumptions, estimates and
forecasts about the business and the markets in which the Companies
operate, including that: the Companies will be able to obtain all
necessary consents and approvals, including any necessary court,
third-party consents and/or regulatory approval; and other
conditions under the Arrangement will be fulfilled or waived by the
parties. Investors are cautioned that all forward-looking
statements involve risks and uncertainties, including that the
Companies may not be able to satisfy and/or obtain a waiver of
their respective conditions to the transaction
thereunder. These risks, as well as others, including those
set forth in the Companies' respective filings with Canadian
securities regulators, could cause actual results and events to
vary significantly. Accordingly, readers should not place undue
reliance on forward-looking statements and information. There can
be no assurance that forward-looking information, or the material
factors or assumptions used to develop such forward looking
information, will prove to be accurate. Neither Company undertakes
any obligations to release publicly any revisions for updating any
voluntary forward-looking statements, except as required by
applicable securities law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Brazil Resources Inc.Stephen Swatton, (855) 630-1001Chief
Executive OfficerorPatrick Obara, (855) 630-1001Chief Financial
OfficerorBrazilian Gold CorporationIan (John) Stalker, (604)
602-8188Chief Executive OfficerorJoanne Yan, (604)
602-8188President
Brazilian Gold Corporation (TSXV:BGC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Brazilian Gold Corporation (TSXV:BGC)
Historical Stock Chart
From Jul 2023 to Jul 2024