VANCOUVER, British Columbia, June 28, 2021 (GLOBE NEWSWIRE) – Fortuna Silver Mines Inc. (“Fortuna”) (NYSE: FSM | TSX: FVI) by Roxgold Inc. (“Roxgold”) (TSX: ROXG | OTCQX: ROGFF) is pleased to announce that both Fortuna and Roxgold shareholders have approved all votes voted on at Fortuna’s annual general meeting and at Roxgold’s special and annual general meeting held earlier today, including the latest findings. standard Roxgold (“Roxgold Shares”) for the proposed arrangement (“Planned”), subject to the terms and conditions of the layout agreement between Fortuna and Roxgold dated April 26, 2021 (for more details, please refer to the April 26, 2021, joint issue issue). “Fortuna and Roxgold Agree With Business Bombing to Build a Medium-Efficient Medium Metal Producer”)
Depending on the satisfaction or waiver of the remaining conditions in the Program, including the approval of the Program by the Supreme Court of British Columbia, an application to be heard on June 30, 2021, the closure of the Schedule is expected to take effect on July 2, 2021.
Following the completion of the Program, the current shareholders of Fortuna and former shareholders of Roxgold will be approximately 63.6% and 36.4% of the remaining Fortuna shares, respectively. In the background, Fortuna will continue under the name “Fortuna Silver Mines Inc.” with the “FVI” tick mark on the Toronto Stock Exchange and the “FSM” on the New York Stock Exchange, and Roxgold will be Fortuna’s wholly-owned company. Roxgold will be released from the Toronto Stock Exchange and a request will be made for Roxgold to cease being a reporting financier.
Fortuna Voting Results
Fortuna allocation of up to 110,128,963 ordinary shares of Fortuna (“Fortuna Shares”) to Roxgold shareholders in lieu of the issuance of all Roxgold Shares issued and outstanding in terms of the Program approved 96.65% of the votes cast by the shareholders of the proposed is a representative at Fortuna’s annual and special meeting.
All issues submitted for adoption at the annual general meeting and for Fortuna are duly approved and received as follows:
Roxgold voting results
Arrangements with Fortuna were approved by 84.80% of the votes cast by Roxgold shareholders who were present at or near the present Roxgold meeting, and 84.15% of the votes cast by the votes cast by the director and CEO Roxgold in accordance with the Multilateral Instrument 61-101 – Special Protection .
All issues submitted for acceptance at Roxgold’s special meeting and its annual general meeting were approved and approved as follows:
About Fortuna Silver Mines Inc.
Fortuna Silver Mines Inc. is a valuable Canadian mining company operating in Peru, Mexico and Argentina. Sustainability is linked to all of Fortuna’s operations and relationships. Fortuna produces silver and gold and produces a long-term share of shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit the Fortuna website.
About Roxgold Inc.
Roxgold is a Canadian gold mining company with goods in West Africa. Roxgold owns and operates the prestigious Yaramoko Gold Mine located in the Houndé greenstone belt in Burkina Faso and is furthering the development and testing of the Séguéla Gold Project in Côte d’Ivoire. Roxgold trades on TSX under the ROXG brand and as ROGFF on OTCQX.The Toronto Stock Exchange has never reviewed and accepted responsibility for the adequacy or accuracy of these news releases.
This press release contains forward-looking statements that constitute “forward-looking statements” within the meaning of applicable Canadian security law and “forward-looking statements” within the meaning of the “secure harbor” rules of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward Statements” ). All statements included, with the exception of statements of historical fact, relating to the activities, events or developments that Fortuna or Roxgold does not anticipate or anticipate are likely to occur in the future, further details.
The forward-looking statements in this press release could include, without limitation, statements about Fortuna and Roxgold’s current expectations, pro forma company estimates and estimates, time and expected court approval requirements, expected completion time Planning. Students are also warned that such additional information is incomplete. Often, however, these forward-looking statements can be identified by the use of terms such as “expected”, “estimated”, “expected”, “potential”, “future”, “envisaged”, “envisaged”, “planned”, “to be”. , “Will” or statements that events, “may” or “should” occur or occur with the same expressions, including negative variations.
The impact of any single risk, uncertainty or factor in a particular forward-looking statement is not determined with certainty as these items are independent and the course of future management action will depend on its assessment of all the information at that time. Students are urged to refer to the disclosures provided under the heading “Accident Risks” on each of Fortuna and Roxgold’s annual data forms for the year ended December 31, 2020 posted on SEDAR at www.sedar.com for more information on risks and other features of the Program.
Although Fortuna and Roxgold believe that the expectations presented by the Front Statements are reasonable based on the information available at the date of preparation, no guarantees can be given of future results, performance standards and achievements. Fortuna and Roxgold disclaim any obligation to review any Progressive Statements, whether for new information, future events or results or otherwise, unless otherwise required by law. There can be no guarantee that these Forward Statements will be accurate, as actual results and future events may differ materially from what is expected of such statements. Likewise, investors should not place undue confidence in forward-looking statements.