Val-d'Or Mining Announces Closing of Follow on Agreement for Strategic Partnership With Gold Royalty Corp.
Val-d'Or Mining Announces Closing of Follow on Agreement for Strategic Partnership With Gold Royalty Corp.
Gold Royalty holds 28,965,050 shares in the capital of the Company, representing 35.6% of its issued share capital, and accordingly is an insider of the Company in accordance with applicable securities legislation. The transaction discussed herein therefore constitutes a "related party transaction" under Multilateral Instrument 61-101 ("MI 61-101"). The Company availed itself of the exemptions contained in section 5.5(a) of MI 6-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101. The Company availed itself of these exemptions on the basis that neither the fair market value of the Upper Red Lake property, nor the fair market value of the consideration paid by the Company to the Gold Royalty for such property (which consists of the 20% Consideration and the Royalty) exceeded 25% of the Company's market capitalization at the time such transaction was agreed to.Val-d'Or, Quebec--(Newsfile Corp. - April 21, 2023) - Val-d'Or Mining Corporation (TSXV: VZZ) ("Val-d'Or Mining" or the "Company") is pleased to announce that further to the Company's news release of March 10, 2023, it has now closed the transactions contemplated by the letter agreement dated March 9, 2023 (the "Agreement") with Gold Royalty Corp.'s wholly owned subsidiary, Golden Valley Abitibi Royalties Ltd. ("Abitibi" which, together with Gold Royalty Corp., is referred to as "Gold Royalty").
魁北克瓦勒多爾--（Newsfile Corp.——2023年4月21日）——Val-d'or 礦業公司（TSXV：VZZ）（“Val-d'or Mining” 或 “公司”）欣然宣佈，繼公司於2023年3月10日發佈新聞稿之後，它現已完成了與Gold Royalty Corp.簽訂的信函協議（“協議”）所設想的交易。的全資子公司Golden Valley Abitibi Royalties Ltd.（“Abitibi”，與Gold Royalty Corp. 一起被稱爲”黃金版稅“)。
The Company has purchased from Gold Royalty the mineral rights and interests in the Upper Red Lake property located in Northern Ontario in consideration for which the Company has granted to Gold Royalty a net smelter return royalty of 1.0% on the Upper Red Lake property (the "Royalty").
公司已從Gold Royalty手中收購了位於安大略省北部的紅湖上游物業的礦產權和權益，作爲對價，公司已向Gold Royalty授予了上紅湖財產1.0％的冶煉廠淨回報特許權使用費（”特許權使用費“)。
No cash or equity consideration was paid for the Upper Red Lake property acquired by the Company. The Company will pay to Gold Royalty 20% of any future consideration received by the Company (the "20% Consideration"), consisting of cash, shares or other securities of any entity received by the Company from a third party in consideration for any interest in, or otherwise in relation to, the Upper Red Lake property, pursuant to any transaction, agreement or other arrangement entered into, agreed to or announced by the Company on or before March 21, 2024 in relation to such property.
公司收購的紅湖上游房產沒有支付任何現金或股權對價。公司將向Gold Royalty支付公司未來收到的任何對價的20％（”20% 的對價“)，包括根據公司在2024年3月21日當天或之前就上紅湖財產達成、同意或宣佈的任何交易、協議或其他安排，公司從第三方收到的任何實體的現金、股票或其他證券，以換取該財產的任何權益或其他與該財產有關的對價。
Gold Royalty holds 28,965,050 shares in the capital of the Company, representing 35.6% of its issued share capital, and accordingly is an insider of the Company in accordance with applicable securities legislation. The transaction discussed herein therefore constitutes a "related party transaction" under Multilateral Instrument 61-101 ("MI 61-101"). The Company availed itself of the exemptions contained in section 5.5(a) of MI 6-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101. The Company availed itself of these exemptions on the basis that neither the fair market value of the Upper Red Lake property, nor the fair market value of the consideration paid by the Company to the Gold Royalty for such property (which consists of the 20% Consideration and the Royalty) exceeded 25% of the Company's market capitalization at the time such transaction was agreed to.
Gold Royalty持有公司資本中的28,965,050股股份，代表 35.6佔其已發行股本的百分比，因此根據適用的證券立法，是公司的內部人士。因此，根據多邊文書61-101，本文討論的交易構成 “關聯方交易”（”MI 61-101“)。公司利用MI 6-101第5.5（a）節中的豁免來豁免正式估值要求，利用MI 61-101第5.7（1）（a）條中的豁免來豁免MI 61-101的少數股東批准要求。公司之所以利用這些豁免，是因爲在同意此類交易時，紅湖上游房產的公允市場價值以及公司向該物業的黃金特許權使用費（包括20％的對價和特許權使用費）支付的對價的公允市場價值均未超過公司市值的25％。
About Upper Red Lake: The Upper Red Lake Gold Project consists of 12 contiguous mineral claims (1,750 Ha) located in the Birch-Uchi Greenstone Belt, within the Red Lake Mining Division of Ontario. The project, located approximately 60 kilometers ENE of Red Lake ON, is road accessible and largely lies along the NW boundary of Prosper Gold Corporation's Golden Sidewalk Project. Till sampling in the fall of 2021 over three target areas (C1, C2 and C3) returned anomalous values, primarily from the C1 target area. C1 has been described as spanning 2200-metres in an east-west direction, characterized by a linear magnetic high coincident with a greenstone-intrusive contact (values ranging up to 7834 ppb). Targets C2 and C3, located to the south are thought to potentially represent the continuation of the "Golden Corridor" target, a 7-km * 0.5-km gold in till anomaly, on the adjacent Prosper Gold Corporation property.
紅湖上游簡介：紅湖上游黃金項目由12個毗連礦產索賠（1,750公頃）組成，位於安大略省紅湖礦業分部內的伯奇-烏奇綠石帶。該項目位於安大略省紅湖東北方向約60公里處，道路通行，主要位於Prosper Gold Corporation的Golden Sidewalk項目的西北邊界沿線。直到 2021 年秋季對三個目標區域（C1、C2 和 C3）的採樣返回異常值，主要來自 C1 目標區域。C1被描述爲東西方向跨越2200米，其特徵是線性磁高點與綠石侵入式接觸（值範圍高達7834 ppb）一致。據認爲，位於南部的目標C2和C3可能代表鄰近的Prosper Gold Corporation物業上的 “黃金走廊” 目標的延續，該目標是7公里*0.5公里的黃金直入異常。
About Val-d'Or Mining Corporation
關於 Val-d'or 礦業公司
Val-d'Or Mining Corporation is a natural resource issuer involved in the process of acquiring and exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Québec. To complement its current property interests, the Company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi Greenstone Belt, the Company holds several other properties in Northern Québec (Nunavik) covering different geological environments and commodities (Ni-Cu-PGE's).
Val-d'or Mining Corporation是一家自然資源發行商，參與收購和勘探其礦產資產，其中大部分位於安大略省東北部和魁北克省西北部的阿比提比綠石帶。爲了補充其目前的財產權益，公司定期評估新的質押和/或收購機會。除了在阿比提比綠巖帶的主要區域重點外，該公司還在魁北克北部（努納維克）擁有其他幾處房產，涵蓋不同的地質環境和大宗商品（Ni-cu-PGE's）。
The Company has an expertise in the identification and generation of new projects, and in the early stages of exploration. The mineral interests are broad and range from gold, copper-zinc-silver, nickel-copper-PGE to industrial and energy minerals. After the initial value creation in the 100%-owned, or majority-owned properties, the Company seeks option/joint venture partners to conduct more advanced exploration on the projects.
該公司在確定和生成新項目以及處於勘探初期階段方面擁有專業知識。礦產興趣廣泛，從黃金、銅鋅銀、鎳銅-PGE到工業和能源礦物不等。在爲100％持有或擁有多數股權的房產創造了初始價值之後，公司尋求期權/合資夥伴對這些項目進行更高級的探索。
For additional information, please contact:
欲瞭解更多信息，請聯繫：
Glenn J. Mullan
President & Chief Executive Officer
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 819-824-2808
Glenn J. Mullan
總裁兼首席執行官
2864 沙利文 chemin
Val-d'or，魁北克 J9P 0B9
電話：819-824-2808
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