NATCHEZ, Miss., March 1, 2021 /CNW/ -- Cadillac Ventures
Inc. ("Cadillac") (TSXV:CDC) and KFG Resources Ltd.
("KFG") (TSXV:KFG) are pleased to announce that in
connection with the previously announced proposed plan of
arrangement (the "Arrangement") involving Cadillac, KFG and
the shareholders of KFG (see the press releases of Cadillac and
KFG, each dated February 9, 2021),
all of the directors and executive officers of KFG and certain
shareholders of KFG (collectively, the "KFG Supporting
Shareholders"), collectively holding approximately 41.7% of the
issued and outstanding common shares of KFG (the "KFG
Shares"), have entered into voting support agreements with
Cadillac (the "Voting Support Agreements").
Pursuant to the Voting Support Agreements, the KFG Supporting
Shareholders have agreed, among other things, to vote all of their
KFG Shares in favour of the Arrangement at a special meeting of
holders of KFG Shares to be held to consider the Arrangement, and
to otherwise support the Arrangement, subject to the provisions of
such Voting Support Agreements.
Copies of the Voting Support Agreements will be filed under
KFG's profile on SEDAR at www.sedar.com.
Cautionary statement regarding forward–looking
This press release contains 'forward-looking statements'
within the meaning of applicable securities laws. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by words such as the
following: expects, plans, anticipates, believes, intends,
estimates, projects, assumes, potential and similar expressions.
Forward-looking statements also include reference to events or
conditions that will, would, may, could or should occur, including,
without limitation, statements relating to the Arrangement,
including the process associated therewith and completion thereof;
the meeting of holders of KFG Shares; and statements and
expectations regarding the KFG Supporting Shareholders support of
the Arrangement. These forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while based
on KFG and Cadillac respective expectations and considered
reasonable at the time they were made, are inherently subject to a
variety of risks and uncertainties which could cause actual events
or results to differ materially from those reflected in the
forward-looking statements, including those described in Cadillac's
and KFG's respective public disclosure documents on SEDAR at
www.sedar.com. As a result, readers are cautioned not to place
undue reliance on these forward-looking statements. The
forward-looking statements contained in this press release are made
as of the date of this release. Unless required by law, neither
Cadillac nor KFG intends to, or assumes any obligation to, update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
For further information regarding Cadillac, please visit
Cadillac's website www.cadillacventures.com, or contact
Norman Brewster, President and Chief
Executive Officer, at 905-837-2000. For further information
regarding KFG, please visit KFG's website www.kfgresources.com of
contact Robert A. Kadane, President,
at 940-500-0807 or email@example.com.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this new release.
SOURCE KFG Resources Ltd.