Osisko Mining Corporation Announces Approval of Arrangement and Election of Directors
02 Junio 2014 - 12:58PM
Marketwired Canada
Osisko Mining Corporation ("Corporation" or "Osisko") (OSK:TSX)(FRANKFURT:EWX)
is pleased to announce that the plan of arrangement, pursuant to which Agnico
Eagle Mines Limited and Yamana Gold Inc. will acquire all the issued and
outstanding common shares of the Corporation (the "Arrangement"), was approved
by the shareholders with approximately 99.80% of the votes cast at the annual
and special meeting held on May 30, 2014 (the "meeting") voting in favour of the
Arrangement.
The Arrangement
Under the Arrangement, each outstanding common share of Osisko will be exchanged
for C$2.09 in cash, 0.07264 of a common share of Agnico Eagle, 0.26471 of a
common share of Yamana, and one common share of a newly formed company that will
acquire certain assets of Osisko as part of the Arrangement ("New Osisko"). The
Arrangement is expected to close during the month of June and Osisko
shareholders are invited to communicate with Laurel Hill Advisory Group as
Depository Agent for the Arrangement for instructions on tendering their shares
at:
North American Toll Free: 1-877-452-7184
Banks, Brokers or collect calls: 416-304-2011
Email: assistance@laurelhill.com
Election of Directors
In addition, given the sudden passing of Mr. Marcel Cote on May 25, 2014, the
Corporation also confirms that 10 of the 11 directors proposed by Management
were elected at the meeting as directors of the Corporation.
Based on the proxies received and the votes on a show of hands, the following
individuals were elected as directors of the Corporation until the next annual
shareholders' meeting. Accordingly, the results are set out below:
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Name of Nominee % of votes % of votes
Votes cast cast Votes cast cast
FOR FOR WITHHELD WITHHELD
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Victor H. Bradley 331,556,297 98.04% 6,619,443 1.96%
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John F. Burzynski 323,782,889 95.74% 14,392,851 4.26%
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Michele Darling 332,025,935 98.18% 6,149,805 1.82%
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Joanne Ferstman 337,267,508 99.73% 908,232 0.27%
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Staph Leavenworth Bakali 328,309,592 97.08% 9,866,148 2.92%
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William A. MacKinnon 337,612,768 99.83% 562,972 0.17%
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Charles E. Page 312,831,076 92.51% 25,344,664 7.49%
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Sean Roosen 335,560,615 99.23% 2,615,125 0.77%
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Gary A. Sugar 328,287,309 97.08% 9,888,431 2.92%
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Serge Vezina 337,562,242 99.82% 613,498 0.18%
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All other resolutions provided for in the Management Information Circular were
duly passed and as such a report on the voting results were filed today with the
Canadian securities regulatory authorities at www.sedar.com.
About Osisko Mining Corporation
Osisko operates the Canadian Malartic Gold Mine in Malartic, Quebec and is
pursuing exploration on a number of properties, including the Hammond Reef Gold
and Upper Beaver projects in Northern Ontario.
About Agnico Eagle
Agnico Eagle is a senior Canadian gold mining company that has produced precious
metals since 1957. Its seven mines are located in Canada, Finland and Mexico,
with exploration and development activities in each of these regions as well as
in the United States.
About Yamana
Yamana is a Canadian-based gold producer with significant gold production, gold
development stage properties, exploration properties, and land positions
throughout the Americas including Brazil, Argentina, Chile and Mexico.
Forward-Looking Statements
Certain statements contained in this press release may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address events or developments that Osisko,
Agnico Eagle and Yamana expect to occur, are forward looking statements. Forward
looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential",
"scheduled" and similar expressions, or that events or conditions "will",
"would", "may", "could" or "should" occur including, without limitation, the
timely satisfaction of all technical, economical, regulatory and financial
conditions in order to complete the Arrangement between Osisko, Agnico Eagle and
Yamana. Although Osisko, Agnico Eagle and Yamana believe the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results may differ materially from those in forward looking statements. Factors
that could cause the actual results to differ materially from those in
forward-looking statements include, gold prices, results of exploration and
development activities, the Corporation's limited experience with production and
development stage mining operations uninsured risks, regulatory changes, defects
in title, availability of personnel, materials and equipment, timeliness of
government or court approvals, actual performance of facilities, equipment and
processes relative to specifications and expectations, unanticipated
environmental impacts on operations market prices, continued availability of
capital and financing and general economic, market or business conditions. These
factors are discussed in greater detail in Osisko, Agnico Eagle and Yamana's
most recent Annual Information Forms, which are filed on SEDAR and also provide
additional general assumptions in connection with these statements. Osisko,
Agnico Eagle and Yamana caution that the foregoing list of important factors is
not exhaustive. Investors and others who base themselves on the forward looking
statements contained herein should carefully consider the above factors as well
as the uncertainties they represent and the risk they entail. Osisko, Agnico
Eagle and Yamana believe that the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
included in this press release should not be unduly relied upon. These
statements speak only as of the date of this press release. Osisko, Agnico Eagle
and Yamana undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, other than as required by applicable law.
FOR FURTHER INFORMATION PLEASE CONTACT:
John Burzynski
Vice-President, Corporate Development
Tel. (416) 363-8653
www.osisko.com
Sylvie Prud'homme
Investor Relations
Tel. (514) 735-7131
Toll Free: 1-888-674-7563
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