30 June 2020
TMAC Resources Inc. announces that it has received a final order from the Ontario Superior Court of Justice approving the previously announced plan of arrangement with Shandong Gold Mining Co., Ltd. and an affiliate. As previously disclosed, the Transaction provides for the acquisition by the Purchaser of all of the issued and outstanding common shares of the Company not already owned by Shandong, by way of a statutory plan of arrangement under the Business Corporations Act (Ontario).
Subject to obtaining all required regulatory approvals and satisfying all required conditions, the Transaction is expected to close in the third quarter of 2020. Following closing of the Transaction, the Common Shares will be de-listed from the Toronto Stock Exchange.