VANCOUVER, Oct. 1, 2014 /PRNewswire/ - Cayden
Resources Inc. (TSX.V:CYD, OTCQX: CDKNF) ("Cayden" or
the "Company") is pleased to announce that it has mailed its
management information circular (the "Circular") and related proxy
materials to its shareholders and other securityholders
("Securityholders") in connection with the special meeting of
Securityholders to be held at 10:00
a.m. (Vancouver time) on
October 27, 2014 (the "Meeting"). At
the Meeting, Securityholders will be asked to approve the Company's
previously announced transaction with Agnico Eagle Mines Limited
("Agnico Eagle") whereby Agnico Eagle is proposing to acquire all
of the issued and outstanding common shares of Cayden ("Cayden
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 September 8, 2014 between the
Company and Agnico Eagle (the "Arrangement Agreement"). Assuming
the Arrangement becomes effective, holders of Cayden Shares will
receive 0.09 of a common share of Agnico Eagle and $0.01 in cash for each Cayden Share held.
The Circular contains, among other things, details concerning
the Arrangement, the background to and reasons for Cayden's board's
favourable recommendation of the Arrangement, the requirements for
the Arrangement to become effective, the procedure for receiving
consideration payable under the Arrangement for Cayden Shares,
procedures for voting at the Meeting and other related matters.
Securityholders are urged to carefully review the Circular and
accompanying materials, which includes a copy of the Arrangement
Agreement, as they contain important information regarding the
Arrangement and its consequences to Securityholders. A copy of the
Circular is available on Cayden's website at
www.caydenresources.com or on SEDAR at www.sedar.com.
YOUR VOTE IS IMPORTANT. VOTE TODAY.
The Board of Directors of Cayden UNANIMOUSLY recommends that
Securityholders
vote FOR of the Arrangement.
How to Vote
A proxy form or voting instruction form will accompany the
meeting materials you receive by mail. Instructions on how to vote,
which vary depending on whether you are a beneficial shareholder or
a registered shareholder, optionholder or warrantholder of the
Company are provided in the Circular. Most Cayden shareholders are
beneficial shareholders.
Registered shareholders, optionholders and warrantholders
may vote in person at the Meeting, by mail or by using one of the
following methods:
- Internet: vote online at www.investorvote.com
using the control number located on your proxy.
- Telephone: 1-866-732-VOTE(8683), toll free in
Canada and United States.
- Facsimile: 1-866-249-7775, toll free in
Canada and United States.
Beneficial shareholders who hold Cayden Shares through a
bank, broker or other intermediary will have different voting
instructions and should carefully follow the voting instructions
provided to them on the voting instruction form included in the
meeting materials they receive.
Shareholders Questions
Securityholders who would like additional copies, without
charge, of the Circular or have additional questions about the
Arrangement, including the procedures for voting Cayden securities
or completing transmittal documents, should contact their broker or
the Company's Corporate Secretary, Peter
Rees, at 778-729-0600 or email at
peter.rees@caydenresources.com.
On Behalf of the Board,
"Ivan Bebek"
Ivan Bebek,
President and CEO
About Cayden - Cayden is a Canadian based exploration
company focused on the discovery, financing, and monetization of
precious metal assets in two favorable mining jurisdictions in
Mexico. The management team of
Cayden is highly experienced and has a record of success in the
mineral exploration business.
Cautionary Note Regarding Forward-Looking Information
This press release contains "forward-looking information", as
such term is defined in applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "pro-forma", "expects",
"believes", "anticipates", "budget", "scheduled", "estimates",
"forecasts", "intends", "plans" and variations of such words and
phrases, or by statements that certain actions, events or results
"may", "will", "could", "would" or "might", "be taken", "occur" or
"be achieved". Such forward-looking information may include,
without limitation, statements regarding the completion and
expected benefits of the proposed transaction and other statements
that are not historical facts. Forward-looking information is based
on a number of assumptions and estimates that, while considered
reasonable by management based on the business and markets in which
Cayden operates, are inherently subject to significant operational,
economic and competitive uncertainties and contingencies.
Assumptions upon which forward looking information relating to the
proposed transaction have been made include that Cayden and Agnico
Eagle will be able to satisfy the conditions in the Arrangement
Agreement, that no materially adverse change in respect of Cayden
has occurred, that the required approvals will be obtained from
Securityholders, and that regulatory, court and government
approvals will be obtained. Cayden cautions that forward-looking
information involves known and unknown risks, uncertainties and
other factors that may cause Cayden's actual results, performance
or achievements to be materially different from those expressed or
implied by such information, including, but not limited to: gold
price volatility; fluctuations in foreign exchange rates and
interest rates, between actual and estimated reserves and
resources or between actual and estimated metallurgical recoveries;
costs of production; capital expenditure requirements; the costs
and timing of construction and development of new deposits and
expansion of existing operations; the success of exploration and
permitting activities; parts, equipment, labor or power shortages
or other increases in costs; mining accidents, labour disputes or
other adverse events; and changes in applicable laws or
regulations. In addition, the factors described or referred to in
the Company's Annual Information Form for the year ended
December 31, 2013, which is available
on the SEDAR website at www.sedar.com, should be reviewed in
conjunction with the information found in this press release.
Although Cayden has attempted to identify important factors that
could cause actual results, performance or achievements to differ
materially from those contained in forward-looking information,
there can be other factors that cause results, performance or
achievements not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be accurate
or that management's expectations or estimates of future
developments, circumstances or results will materialize. As a
result of these risks and uncertainties, the proposed transaction
could be modified, restricted or not completed, and the results or
events predicted in these forward looking statements may differ
materially from actual results or events. Accordingly, readers
should not place undue reliance on forward-looking information. The
forward-looking information in this press release is made as of the
date of this press release, and Cayden disclaims any intention or
obligation to update or revise such information, except as required
by applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy
SOURCE Cayden Resoruces Inc.