TORONTO, Oct. 11, 2019 /CNW/ - Barkerville Gold Mines LTD.
(TSXV: BGM. the "Company" or "Barkerville") today announced that it
has been granted an interim order from the Supreme Court of
British Columbia authorizing
various matters, including the holding of a special meeting of
Barkerville shareholders to consider the proposed plan of
arrangement (the "Transaction") whereby Osisko Gold Royalties Ltd
will acquire all of the issued and outstanding shares of the
Company that it does not already own, and the mailing of the
management information circular.
The special meeting of Barkerville shareholders to consider the
Transaction will be held on November 15,
2019 at the offices of Fasken Martineau DuMoulin LLP, 333
Bay Street, 24th Floor, Toronto,
Ontario M5H 2T6. Barkerville's special meeting will commence
at 9:30 a.m. (Eastern time).
Shareholders of record as of the close of business on October 15, 2019 will be eligible to vote at the
special meetings.
Barkerville has prepared a management information circular with
respect to the Transaction which will be mailed to shareholders of
record as of October 15, 2019. The
management information circular will also be available on SEDAR
(www.sedar.com).
Barkerville's Board of Directors, absent Mr. Sean Roosen who abstained from voting,
unanimously recommends that shareholders vote in favor of the
proposed Transaction and encourages all shareholders to attend the
special meeting in person or by proxy.
About Barkerville Gold Mines Ltd.
Barkerville Gold mines Ltd. is focused on developing its
extensive mineral rights package located in the historical Cariboo
Mining District of central British
Columbia. Barkerville's Cariboo Gold Project mineral tenures
cover 1,950 square kilometres; along a strike length of 67
kilometres which includes several past producing placer and hard
rock mines, making it one of the most well-endowed land packages in
British Columbia. Since the
management change in mid-2015, the Corporation has unlocked the
fundamental structural controls of gold mineralization.
Barkerville's brownfields exploration team is focused on developing
and delineating a mineable resource within the 8 kilometers of
principle project area located near the town of Wells, British Columbia. Barkerville's
greenfields team is developing quality exploration assets
throughout the remaining land package through systematic,
scientific, exploration. The operation's team is focused on
completing required studies in order to permit underground mining
on Cow and Island Mountains.
About Osisko Gold Royalties Ltd
Osisko Gold Royalties Ltd is an intermediate precious metal
royalty company that holds a North American focused portfolio of
over 135 royalties, streams and precious metal offtakes. Osisko's
portfolio is anchored by its 5% NSR royalty on the Canadian
Malartic Mine, which is the largest gold mine in Canada. Osisko also owns a portfolio of
publicly held resource companies, including a 32.6% interest in
Barkerville Gold Mines Ltd. and a 4% NSR royalty on the Cariboo
Gold project, a 19.9% interest in Falco Resources Ltd and a 16.4%
interest in Osisko Mining Inc.
Osisko is a corporation incorporated under the laws of the
Province of Québec, with its head office is located at 1100 avenue
des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B
2S2.
Cautionary Note – Forward Looking Statements
This News Release contains "forward-looking statements". All
statements other than statements of historical fact included in
this release, are forward-looking statements that involve various
risks and uncertainties and are based on forecasts of future
operational or financial results, estimates of amounts not yet
determinable and assumptions of management. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "estimates" or
"intends", or stating that certain actions, events or results
"may", "could", "would", "might", "have potential" or "will" be
taken, occur or be achieved) are not statements of historical fact
and may be "forward-looking statements." Forward-looking statements
are subject to a variety of risks and uncertainties that could
cause actual events or results to differ from those reflected in
the forward-looking statements.
Neither the TSX Venture Exchange ("TSXV") nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information
contained herein. This news release contains forward-looking
information which is not comprised of historical facts.
Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward
looking information in this news release includes, but is not
limited to, the Company's objectives, goals or future plans,
statements regarding exploration results and exploration plans.
Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to,
capital and operating costs varying significantly from estimates,
the preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals, uncertainties relating to
the availability and costs of financing needed in the future,
changes in equity markets, inflation, fluctuations in commodity
prices, delays in the development of projects and the other risks
involved in the mineral exploration and development industry, and
those risks set out in the Company's public documents filed on
SEDAR. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be placed on
such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
SOURCE Barkerville Gold Mines Ltd.
