12 August 2020
Evrim Resources Corp. is pleased to announce the results of its annual and special general meeting held today. All resolutions voted on at the meeting were overwhelmingly approved with over 99% support.
At the Meeting, Evrim’s shareholders approved the company's previously announced merger transaction with Renaissance Gold Inc. pursuant to a plan of arrangement. Under the terms of the Arrangement, each outstanding RenGold common share will be exchanged for 1.2448 Evrim common shares, which will result in RenGold shareholders immediately prior to the arrangement holding 50% of the issued and outstanding shares Evrim Shares immediately following the arangement. Further pursuant to the Arrangement, outstanding RenGold stock options and RenGold Share purchase warrants will be exchanged for replacement options to acquire Evrim Shares and replacement warrants to acquire Evrim Shares each giving effect to the same exchange ratio. The resolution approving the merger transaction with RenGold was approved by 99.9% of the votes cast by Evrim shareholders.
Completion of the Arrangement remains subject to approval of the Supreme Court of British Columbia and certain other customary closing conditions. The application for the final order of the Supreme Court of British Columbia is scheduled for August 17, 2020. Assuming that all conditions to closing of the Arrangement are satisfied or waived, the Arrangement is expected to become effective on or about August 18, 2020.