Vancouver-based mineral exploration company, Rome Resources Ltd. (TSXV: RMR) (FSE: 33R), is excited to announce that its shareholders have approved a special resolution authorizing and approving the previously announced arrangement with Pathfinder Minerals Plc and 1475033 B.C. Ltd. The arrangement, subject to certain conditions, will result in Pathfinder acquiring all of the issued and outstanding Rome Shares in exchange for 19.54 Pathfinder ordinary shares for each Rome Share held.
At the special meeting held earlier today, Rome Shareholders voted overwhelmingly in favor of the Arrangement Resolution, with 100% of the votes cast in favor. The resolution required approval from at least 66 2/3% of the votes cast by Rome Shareholders present at the meeting or represented by proxy. Additionally, disinterested Rome Shareholders approved the Mont Agoma Term Sheet Resolution, the MRDC Term Sheet Resolution, and the Exercise of Rights Under Palm Option Resolution, each of which required a simple majority of votes cast.
Mark Gasson, President, CEO & Director of Rome Resources Ltd., expressed his satisfaction with the shareholder approval, stating, ‘We are pleased with the overwhelming support from our shareholders for the proposed arrangement with Pathfinder Minerals. This transaction represents a significant milestone for Rome Resources and its shareholders, and we believe it will create value for both companies.’
Rome Resources Ltd. is a mineral exploration company that has acquired 51% indirect interests in two properties in the Walikale District of the North Kivu Province in eastern DRC, collectively known as the ‘Bisie North Tin Project.’ The company has completed an initial phase of drilling on the project and is responsible for funding exploration up to the completion of a definitive feasibility study.
Rome intends to seek a final order from the Supreme Court of British Columbia to approve the Arrangement, with the closing expected to occur on or about July 26, 2024, subject to the timely receipt of all necessary approvals and the satisfaction of other conditions.
For more information about the Arrangement, interested parties can refer to Rome’s management information circular and related continuous disclosure documents available on SEDAR+ at www.sedarplus.ca under Rome’s profile.
Disclaimer: This article contains forward-looking statements that are subject to significant risks and uncertainties. While Rome Resources Ltd. believes that the expectations reflected in these statements are reasonable, there is no guarantee that they will prove to be correct. The company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results.