Business News • MarketWire • Cangold Mails Special Meeting Materials to Approve Acquisition by Great Panther |
Cangold Mails Special Meeting Materials to Approve Acquisition by Great Panther |
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Cangold Mails Special Meeting Materials to Approve Acquisition by Great Panther
VANCOUVER, BC--(Marketwired - April 23, 2015) - CANGOLD LIMITED (TSX VENTURE: CLD) ("Cangold" or the "Company") is pleased to announce that it has mailed its management information circular (the "Circular") and related proxy materials to its shareholders ("Shareholders") in connection with the special meeting of Shareholders to be held at 11:00 a.m. (Vancouver time) on May 22, 2015 (the "Meeting"). At the Meeting, Shareholders will be asked to approve the Company's previously announced transaction with Great Panther Silver Limited ("Great Panther") whereby Great Panther is proposing to acquire all of the issued and outstanding common shares of Cangold ("Cangold Shares") by way of a statutory plan of arrangement (the "Arrangement"). The Arrangement is being proposed under, and is subject to the terms and conditions of, an arrangement agreement dated April 10, 2015 between the Company and Great Panther (the "Arrangement Agreement"). Assuming the Arrangement becomes effective, holders of Cangold Shares will receive 0.05 of a common share of Great Panther (each whole common share, a "Great Panther Share") for each Cangold Share held (such exchange ratio being hereinafter referred to as the "Exchange Ratio"). In addition, each outstanding option and warrant to acquire Cangold Shares will entitle the holder thereof to receive, upon the exercise thereof, 0.05 Great Panther Shares in lieu of each Cangold Share, at a price adjusted in accordance with the Exchange Ratio, and otherwise on the same terms and conditions as the original option or warrant.
View More : http://www.marketwired.com/mw/release.do?id=2013089&sourceType=3
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