UrbanGold Minerals' Shareholders Overwhelmingly Approve Troilus Gold's Acquisition of UrbanGold Minerals
The shareholders of UrbanGold who participated in the vote represented approximately 33.34 % and 27.94 %, respectively, of all issued and outstanding UrbanGold shares entitled to vote.\nPursuant to the Amalgamation, Troilus will acquire all of the issued and outstanding UrbanGold Shares that it does not already own for a consideration of 0.3004 of a common share of Troilus for each outstanding UrbanGold Share.
- The shareholders of UrbanGold who participated in the vote represented approximately 33.34 % and 27.94 %, respectively, of all issued and outstanding UrbanGold shares entitled to vote.\nPursuant to the Amalgamation, Troilus will acquire all of the issued and outstanding UrbanGold Shares that it does not already own for a consideration of 0.3004 of a common share of Troilus for each outstanding UrbanGold Share.
- Completion of the Amalgamation remains subject to satisfaction of all conditions precedent to closing the Amalgamation.
- From 1996 to 2010, the Troilus Mine produced +2 million ounces of gold and nearly 70,000 tonnes of copper.
- Led by an experienced team with a track-record of successful mine development, Troilus is positioned to become a cornerstone project in North America.\n'