Marathon Gold Files Proxy Materials for Annual and Special Meeting Relating to Arrangement with Mountain Lake
07 6월 2012 - 8:42AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ TORONTO, June 7, 2012 /CNW/ -
Marathon Gold Corporation ("Marathon" or the "Company") is pleased
to report that it has filed on SEDAR and mailed to shareholders
amended and restated proxy materials in respect of the annual and
special meeting (the "Marathon Meeting") of the shareholders of the
Company. The Marathon Meeting has been rescheduled to June 29, 2012
from June 12, 2012 in order to accommodate the special business
described below and will be held at the Toronto Board of Trade,
First Canadian Place, Toronto, Ontario at 11 a.m. (EDT). At the
Marathon Meeting, the shareholders of the Company will be asked to
approve, among other things, a resolution (the "Share Issuance
Resolution") for the issuance of common shares of Marathon to the
securityholders of Mountain Lake Resources Inc. ("Mountain Lake")
in connection with the previously announced proposed arrangement
(the "Arrangement") between Marathon and Mountain Lake. Pursuant to
the Arrangement, the Company will acquire all of the outstanding
common shares of Mountain Lake to consolidate Mountain Lake's and
Marathon's respective 50% interests in the Valentine Lake Project,
resulting in Marathon becoming the 100% owner of the Project.
Mountain Lake's remaining projects will be transferred to Mountain
Lake Minerals Inc. ("Spinco"), a newly incorporated exploration
company. Under the terms of the Arrangement, Mountain Lake
shareholders will receive 0.40 of a Marathon common share and 0.40
of a common share in Spinco for every Mountain Lake share held. The
Marathon board of directors has unanimously recommended that its
shareholders vote in favour of the Share Issuance Resolution.
Marathon shareholders are encouraged to read the proxy materials
relating to the Marathon Meeting and to complete and return the
form of proxy or voting instruction form. The Company also
encourages its shareholders to attend the Marathon Meeting and meet
its leadership team and hear management's review of Marathon's
outlook and plans for the coming year. Even if you cannot attend
the Marathon Meeting, it is important that shareholders cast their
vote by completing and returning the form of proxy or voting
instruction form. Shareholders of Marathon are reminded that if
they already deposited proxies in respect of the originally
scheduled meeting of Marathon shareholders that they should
complete and deposit new proxies in order for their votes to
counted at the rescheduled Marathon Meeting. On June 1, 2012, the
Supreme Court of British Columbia granted to Mountain Lake the
interim order in respect of the Arrangement, thereby satisfying one
of the conditions to the Arrangement. Assuming that all of the
other conditions to the Arrangement are satisfied or waived,
including the approval of the arrangement by the Mountain Lake
securityholders, Marathon expects the Arrangement to become
effective in early July 2012. About Marathon Gold Corporation
Marathon Gold Corporation is a North American gold resource
development company, with projects located in the mining friendly
province of Newfoundland and Labrador, the prolific Coeur d'Alene
Mining District of Idaho and the historic gold rich Greenhorn
District of Oregon, USA. Marathon has a project pipeline
consisting of early stage exploration to advanced resource
development projects. Marathon is continually evaluating new gold
resource development projects of merit that are located within the
Americas. Marathon's focused and low-cost approach to
exploration and resource development has an established record of
delivering rapid growth. For more information visit:
www.marathon-gold.com CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATION Except for statements of historical
fact relating to Marathon Gold Corporation, certain information
contained herein constitutes "forward-looking statements".
Forward-looking statements include statements that are predictive
in nature, depend upon or refer to future events or conditions, or
include words such as "expects", "anticipates", "plans",
"believes", "considers", "intends", "targets", or negative versions
thereof and other similar expressions, or future or conditional
verbs such as "may", "will", "should", "would" and "could". We
provide forward-looking statements for the purpose of conveying
information about our current expectations and plans relating to
the future and readers are cautioned that such statements may not
be appropriate for other purposes. By its nature, this
information is subject to inherent risks and uncertainties that may
be general or specific and which give rise to the possibility that
expectations, forecasts, predictions, projections or conclusions
will not prove to be accurate, that assumptions may not be correct
and that objectives, strategic goals and priorities will not be
achieved. These risks and uncertainties include but are not limited
to those identified and reported in Marathon Gold Corporation's
public filings, which may be accessed at www.sedar.com. Other
than as specifically required by law, we undertake no obligation to
update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made, or to
reflect the occurrence of unanticipated events, whether as a result
of new information, future events, results or otherwise.
Marathon Gold Corporation CONTACT: Marathon Gold Corporation
Phillip WalfordPresident and CEOTel: 1-416-987-0711Jennie
GuayInvestor Relations ManagerTel: 1-416-987-0714E-mail:
jguay@marathon-gold.com
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