| | Publié le 21 novembre 2014 | American Consolidated Shareholders Approve Plan of Arrangement |
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News - Thursday, November 20, 2014 Title: American Consolidated Shareholders Approve Plan of Arrangement
November 20, 2014, Vancouver, B.C. -- Starcore International Mines Ltd. (TSX: SAM) ("Starcore") and American Consolidated Minerals Corp. (TSX-V: AJC) ("American Consolidated" or the "Company") are pleased to announce that the American Consolidated shareholders have approved the previously announced proposed acquisition of American Consolidated by Starcore, pursuant to a plan of arrangement (the "Transaction").
The Transaction was approved by American Consolidated's shareholders at the Company's Special Meeting (the "Meeting") held on November 20, 2014. At the Meeting 4,509,614 votes were cast in connection with the special resolution approving the Transaction with 4,483,714 votes cast for the motion (99.43%) and with 25,900 votes cast against the motion (0.57%).
The Transaction is expected to be completed on or about December 1, 2014 upon the satisfaction or waiver of all of the conditions set out in the arrangement agreement (the "Arrangement Agreement") entered into by American Consolidated and Starcore on October 1, 2014, including approval by the Supreme Court of British Columbia at a hearing scheduled for December 1, 2014. Upon completion of the Transaction, Starcore will acquire all of the outstanding common shares of American Consolidated through the issuance of one-third of a Starcore common share in exchange for each American Consolidated common share. Following completion of the Transaction, American Consolidated will be de-listed from the TSX Venture Exchange.
Full details of the terms of the Transaction are set out in American Consolidated's management information circular dated October 14, 2014, which is available on SEDAR at www.sedar.com. Additional information about American Consolidated is available on its website at www.americanconsolidatedminerals.com.
Neither the Toronto Stock Exchange nor 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.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
For further information contact:
Gary Arca Interim President & CEO American Consolidated Minerals Corp. Phone: 604-602-4935
Investor Relations Starcore International Mines Ltd. Evan Eadie Phone: 416-640-1936
FORWARD-LOOKING STATEMENT
Statements in this press release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in both Starcore's and American Consolidated's periodic filings with Canadian securities regulators. When used in this press release, words such as "will, could, plan, estimate, expect, intend, may, potential, should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information. The terms of the arrangement are subject to the Arrangement Agreement, the full text of which is available on the SEDAR website at www.sedar.com.
Forward-looking statements may include, without limitation, statements regarding the completion and expected benefits of the proposed transaction and other statements that are not historical facts. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Starcore and American Consolidated operate, are inherently subject to significant operational, economic and competitive uncertainties and contingencies. Assumptions upon which forward looking statements relating to the transaction have been made include that Starcore and American Consolidated will be able to satisfy the conditions in the Arrangement Agreement and that all required third party, regulatory, stock exchange, court and government approvals will be obtained.
Although American Consolidated has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the proposed transaction could be modified, restricted or not completed, and the results or events predicted in these forward looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this press release are made as of the date of this press release and American Consolidated disclaims any intention or obligation to update or revise such information, except as required by applicable law.
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Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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Starcore International Ventures Ltd
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PRODUCTEUR |
CODE : SAM.TO |
ISIN : CA85525T1030 |
CUSIP : 85525T103 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Starcore International est une société d’exploration minière d'or basée au Canada. Starcore International est productrice d'or, d'argent et de zinc au Mexique, et détient divers projets d'exploration au Mexique. Son principal projet en production est SAN MARTIN (MEXICO) au Mexique et ses principaux projets en exploration sont CERRO DOLORES et EL TRANSITO au Mexique. Starcore International est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 4,9 millions CA$ (3,6 millions US$, 3,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 02 février 2007 à 4,84 CA$, et son plus bas niveau récent le 05 décembre 2019 à 0,05 CA$. Starcore International possède 49 146 851 actions en circulation. |
Financements de Starcore International Ventures Ltd |
Attributions d'options de Starcore International Ventures Ltd |
Nominations de Starcore International Ventures Ltd |
Rapports Financiers de Starcore International Ventures Ltd |
Projets de Starcore International Ventures Ltd |
Communiqués de Presse de Starcore International Ventures Ltd |
18/01/2016 | Starcore Announces Results of Annual General Meeting |
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15/12/2015 | Starcore Reports Q1 2016 Results |
03/09/2015 | Starcore Closes Debt Settlement |
19/08/2015 | Starcore Produces 4,694 Equivalent Gold Ounces in Fiscal Q4 |
11/08/2015 | Starcore Arranges Debt Settlement |
10/08/2015 | Closing Of Plan Of Arrangement |
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17/03/2015 | Starcore Reports Second Quarter 2015 Results |
19/02/2015 | Starcore Closes Acquisition of Creston Moly |
17/02/2015 | Produces 5,130 Equivalent Gold Ounces in Fiscal Q2 |
17/02/2015 | Starcore Produces 5,130 Equivalent Gold Ounces in Fiscal Q2 |
04/02/2015 | Starcore Announces Results of Annual General Meeting |
23/01/2015 | Starcore Acquires Creston Moly from Bankruptcy Trustee |
09/12/2014 | Starcore Reports First Quarter 2015 Results |
20/11/2014 | American Consolidated Shareholders Approve Plan of Arrangeme... |
19/11/2014 | Starcore Posts First Quarter Production Results |
29/10/2014 | Starcore Reports Fiscal 2014 Results |
20/10/2014 | Starcore: Reserves of 486,586 Tons for San Martin Mine |
01/10/2014 | Starcore International to Acquire American Consolidated Mine... |
26/08/2014 | Starcore Announces Approval of Normal Course Issuer Bid |
20/08/2014 | Starcore Announces Payment of Dividend to Shareholders, Norm... |
11/08/2014 | Starcore Produces 24,037 Gold Equivalent Ounces in Fiscal 20... |
13/06/2014 | Starcore International Mines Ltd.: Correction to June 12th N... |
13/06/2014 | Starcore International Mines Ltd.: Correction to June 12th N... |
12/06/2014 | Starcore Earns $1.24 Million in the Second Quarter |
30/05/2014 | Starcore Produces 5,338 Gold Equivalent Ounces in 3rd Quarte... |
30/05/2014 | Starcore Produces 5,338 Gold Equivalent Ounces in 3rd Quarte... |
17/02/2014 | Posts Third Consecutive +6,000 Ounce Quarter |
22/11/2013 | Approves Advance Notice Policy |
29/10/2013 | Year End Results |
15/10/2013 | Mines Ltd.: Surface Drilling Begins at San Martin |
09/10/2013 | Reserves of 705,998 tonnes for San Martin Mine |
05/09/2013 | Mines Ltd.: Corporate Update |
03/09/2013 | Pays Final $3.68 Million of Debt |
15/08/2013 | CORRECTION FROM SOURCE: Starcore Posts Record Quarter |
13/06/2013 | Mines Ltd.: Profitable Q3 |
15/03/2013 | Mines Ltd.: Return to Profit for Second Quarter of 2013 |
26/10/2012 | Reports Annual Earnings of $14.34 Million |
15/06/2012 | Reports Third Quarter Earnings of $4.2 Million and $10.8 Mil... |
05/06/2012 | Cores 18.2 Meters Grading 14.61 g/t Gold and 113 g/t Silver ... |
15/05/2012 | Hedge Is Gone! |
11/05/2012 | Secures $11 Million Loan to Buy Out the Hedge |
07/05/2012 | Mines Ltd.: Jeff Hussey Joins Technical Advisory Board |
30/04/2012 | Dr. Peter Megaw to Head Starcore's Technical Advisory Board |
18/04/2012 | Bolsters its Technical Advisory Board |
10/04/2012 | New Director for Starcore's Board |
12/03/2012 | Mines Ltd.: Second Quarter Production for San Martin Mine Re... |
02/02/2012 | Now Debt Free |
31/01/2012 | Closes $2.25 Million Financing |
24/01/2012 | Mines Ltd.: Private Placement Arranged |
17/01/2012 | Reports Record Quarterly Earnings of $3.2 Million for First ... |
09/12/2011 | President of Starcore Retires |
22/09/2011 | Mines Ltd.: Reserves Increased to 586,318 Tons for San Marti... |
29/08/2011 | Mines Ltd.: Production Results for San Martin Mine for the Y... |
18/07/2011 | Intersects 20.6 g/t Gold and 274 g/t Silver Over 3.7 Meters ... |
15/06/2011 | Earns $5.18 million from Mine Operations for Third Quarter o... |
07/06/2011 | Mines Ltd.: Shareholders Approve Rights Plan and Financing |
04/05/2011 | Mines Ltd.: SAM Vein Extended for 180 Meters of Strike Lengt... |
12/04/2011 | Closes on $2.5 million Financing |
23/03/2011 | Mines Ltd.: Cancellation of Security Interest |
01/12/2009 | Closes on $2.2 million Financing |
25/11/2009 | will be exhibiting at Mines and Money |
18/11/2009 | Arranges $2 million Financing |
12/11/2009 | Engages Financial Advisor |
09/11/2009 | Wins Silver Helmet Award for its San Martin Mining Operation... |
26/01/2009 | Receives Commitment for US$10 Million |
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