TORONTO, Aug. 18, 2015 /CNW/ - Temex Resources Corp.
(TSX-V: TME, FWB: TQ1) ("Temex" or the "Company")
announces that it has filed its notice of annual and special
meeting of shareholders and management information circular for the
meeting to be held on Monday, September 14,
2015 (the "Meeting"). The Meeting will be held to
consider, among other things, the proposed plan of arrangement (the
"Lake Shore Arrangement") pursuant to the terms of an
arrangement agreement entered into between Temex and Lake Shore
Gold Corp. ("Lake Shore") dated July
31, 2015, on the terms disclosed in the Company's press
release of July 31, 2015.
Commented Ian Campbell, President
and CEO of Temex Resources Corp., "There are strong synergies
between Temex and Lake Shore, and the proposed combination is an
excellent opportunity for our shareholders to participate in
increases in value of the Temex properties, while at the same time
offering an opportunity to own shares of a well-established mining
company with two producing underground gold mines in the
Timmins gold camp. Lake Shore has
ample capital and resources to rapidly advance their exploration
stage portfolio to which our Whitney and Juby projects add
substantial upside. We also recognize that Lake Shore has
well-established technical and financial capability and operates
extensive milling and other infrastructure in the immediate area of
existing Temex projects."
Shareholders of record on July 16,
2015 will receive notice of and be entitled to vote at the
Meeting. Full details of the Lake Shore Arrangement, and all other
matters to be considered by shareholders at the Meeting, are
contained in the Company's management information circular mailed
to shareholders and available under the Company's SEDAR profile at
www.sedar.com. All shareholders are urged to read the Meeting
materials carefully.
Any Temex shareholders who have questions about the Lake Shore
Arrangement or other matters to be considered at the Meeting, or
who need assistance with the completion and delivery of their
proxy, should contact Kingsdale Shareholder Services, the proxy
solicitation agent, by telephone at: 1-866-581-1571 (North American
Toll Free) or 416-867-2272 (Collect Outside North America); or by
email at: contactus@kingsdaleshareholder.com.
Advisors to Temex
GMP Securities L.P. is acting as
financial advisor to Temex and Norton Rose Fulbright Canada LLP is
acting as legal advisor.
Cautionary Note Regarding Forward-Looking
Information
This press 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 and
opportunities to differ materially from those expressed or implied
by such forward-looking information. Forward-looking information
contained or referred to in this press release includes, but may
not be limited to, the completion and expected timing of the Lake
Shore Arrangement, the timing of the Meeting and the anticipated
benefits of the Lake Shore Arrangement to Temex
shareholders.
Factors that could cause actual results to differ materially
from those described in such forward-looking information include,
but are not limited to, risks related to the Company's or Lake
Shore's inability to satisfy a condition precedent to the
completion of the Lake Shore Arrangement (including obtaining the
requisite shareholder approval at the Meeting and the necessary
regulatory approvals), other risks related to the completion of the
Lake Shore Arrangement and risks related to the inability of each
of the Company and Lake Shore to perform its respective obligations
under the arrangement agreement in respect of the Lake Shore
Arrangement (the "Lake Shore Arrangement Agreement") as well as
certain other risks set out in the Company's public documents,
including its management's discussion and analysis dated
May 31, 2015, filed under the
Company's profile on SEDAR at www.sedar.com.
The forward-looking information in this press release
reflects the current expectations, assumptions and/or beliefs of
the Company based on information currently available to the
Company. In connection with the forward-looking information
contained in this press release, the Company has made assumptions
about: the Company's business, Lake Shore's business, the economy
and the Company's and Lake Shore's industry in general, Lake
Shore's ability to complete the Lake Shore Arrangement and to
perform its obligations under the Lake Shore Arrangement Agreement,
and Lake Shore's capital, resources and willingness to rapidly
advance their exploration stage portfolio. The Company has also
assumed that no significant events occur outside of the Company's
or Lake Shore's normal course of business. Although the Company
believes that the assumptions inherent in the forward-looking
information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance
should not be put on such information due to the inherent
uncertainty therein.
Any forward-looking information speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking information, whether as a result of new
information, future events or results or otherwise.
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 release.
SOURCE Temex Resources Corp.