Triple Flag Provides Update on Combination with Maverix
13 1월 2023 - 12:30PM
Business Wire
Triple Flag Precious Metals Corp. (with its subsidiaries,
“Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) is pleased
to provide an update on its previously announced acquisition of
Maverix Metals Inc. (“Maverix”) by way of a plan of arrangement
under the Canada Business Corporations Act (the “Arrangement”).
As reported by Maverix earlier today, the resolution approving
the Arrangement was approved by 98.378% of the votes cast by
Maverix shareholders present (virtually) or represented by proxy
and entitled to vote at a special meeting of Maverix shareholders
conducted today (the “Meeting”) and by 98.336% of the votes cast by
Maverix shareholders present (virtually) or represented by proxy
and entitled to vote at the Meeting, excluding the votes cast by
certain persons required to be excluded pursuant to Multilateral
Instrument 61-101 – Protection of Minority Security Holders in
Special Transactions. Votes at the Meeting were taken by poll
online, and proxies were received by Maverix prior to the
Meeting.
Triple Flag also reports that the Canadian Competition Bureau
has issued a “no action” letter clearing the Arrangement under
Canadian competition law. As well, the waiting period in respect of
the filing under the U.S. Hart-Scott-Rodino Antitrust Act
Improvements Act of 1976, as amended, has expired.
The completion of the Arrangement is subject to final approval
of the Arrangement by the Ontario Superior Court of Justice
(Commercial List) and the satisfaction or waiver of the other
customary conditions to completion of the Arrangement. Triple Flag
and Maverix are working towards an expeditious closing of the
Arrangement slated to occur prior to the end of January. Following
the closing, Maverix shareholders will receive their elected form
of consideration, subject to applicable proration.
Details regarding the terms and conditions of the Arrangement
are set out in Maverix’s management information circular, which is
available under Maverix’s profile on SEDAR at www.sedar.com and on
EDGAR at www.sec.gov.
About Triple Flag
Triple Flag is a pure play, gold-focused, emerging senior
streaming and royalty company. We offer bespoke financing solutions
to the metals and mining industry with exposure primarily to gold
and silver in the Americas and Australia, with a total of 81
assets, including 9 streams and 72 royalties. These investments are
tied to mining assets at various stages of the mine life cycle,
including 15 producing mines and 66 development and exploration
stage projects. Triple Flag is listed on the Toronto Stock Exchange
and New York Stock Exchange, under the ticker “TFPM”.
Forward-Looking Information
This news release contains “forward-looking information” within
the meaning of applicable Canadian securities laws and
“forward-looking statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995,
respectively (collectively referred to herein as “forward-looking
information”). Forward-looking information may be identified by the
use of forward-looking terminology such as “plans”, “targets”,
“expects”, “is expected”, “budget”, “scheduled”, “estimates”,
“outlook”, “forecasts”, “projection”, “prospects”, “strategy”,
“intends”, “anticipates”, “believes”, or variations of such words
and phrases or terminology which states that certain actions,
events or results “may”, “could”, “would”, “might”, “will”, “will
be taken”, “occur” or “be achieved”. Forward-looking information in
this news release include, but are not limited to, statements with
respect to the completion of the Arrangement (including the timing
for and receipt of all remaining conditions precedent thereof). In
addition, any statements that refer to expectations, intentions,
projections or other characterizations of future events or
circumstances contain forward-looking information. Statements
containing forward-looking information are not historical facts but
instead represent management’s expectations, estimates and
projections regarding possible future events or circumstances.
The forward-looking information included in this news release is
based on our opinions, estimates and assumptions in light of our
experience and perception of historical trends, current conditions
and expected future developments, as well as other factors that we
currently believe are appropriate and reasonable in the
circumstances. Despite a careful process to prepare and review the
forward-looking information, there can be no assurance that the
underlying opinions, estimates and assumptions will prove to be
correct. Forward-looking information is also subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking information. Such risks, uncertainties and other
factors include, but are not limited to, those set forth under the
caption “Risk Factors” in our annual information form as filed from
time to time on SEDAR at www.sedar.com and on EDGAR at
www.sec.gov.
Although we have attempted to identify important risk factors
that could cause actual results or future events to differ
materially from those contained in forward-looking information,
there may be other risk factors not presently known to us or that
we presently believe are not material that could also cause actual
results or future events to differ materially from those expressed
in such forward-looking information. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue
reliance on forward-looking information, which speaks only as of
the date made. The forward-looking information contained in this
news release represents our expectations as of the date of this
news release and is subject to change after such date. We disclaim
any intention or obligation or undertaking to update or revise any
forward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable
securities laws. All of the forward-looking information contained
in this news release is expressly qualified by the foregoing
cautionary statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230112005900/en/
Inquiries: Investor Relations: James Dendle Vice
President, Evaluations & Investor Relations Tel: +1 (416)
304-9770 Email: ir@tripleflagpm.com Media: Gordon Poole,
Camarco Tel: +44 (0) 7730 567 938 Email:
tripleflag@camarco.co.uk
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