4 June 2020
TMAC Resources Inc. is pleased to announce that it has filed the management information circular (the "Circular") and related voting materials (the “Meeting Materials”) for the special meeting of TMAC shareholders to be held on June 26, 2020 (the "Meeting"). The purpose of the Meeting is to consider and, if deemed advisable, to pass a special resolution (the “Arrangement Resolution”) approving the previously announced proposed acquisition by an affiliate of Shandong Gold Mining Co. Ltd. (“Shandong”) of all of the issued and outstanding common shares of TMAC (the “Common Shares”) by way of a Plan of Arrangement under the Business Corporations Act (Ontario) (the “Transaction”). The Circular contains a detailed description of the Arrangement and other information relating to TMAC and Shandong.
The mailing of the Meeting Materials has commenced, and shareholders should receive them shortly. The Meeting Materials are also available on the Company’s website at www.tmacresources.com and under TMAC’s profile on SEDAR at www.sedar.com.
The board of directors of TMAC (the “Board”), based in part on the recommendation of a special committee of independent directors of the Board (the “Special Committee”), the fairness opinion that the Board received from BMO Capital Markets and the fairness opinion that the Special Committee received from CIBC World Markets Inc., has unanimously determined that the Arrangement is fair to shareholders and is in the best interests of the Company, and unanimously recommendsthat all shareholders vote FORthe Arrangement Resolution. The determination of the Special Committee and the Board is based on various factors described more fully in the Circular.