York Harbour Metals Enters Into Arrangement Agreement for Proposed Spin-Out of Phoenix Gold Project
York Harbour Metals Enters Into Arrangement Agreement for Proposed Spin-Out of Phoenix Gold Project
The reorganization will be effected pursuant to the arrangement provisions of the Business Corporations Act (British Columbia) and must be approved by the Supreme Court of British Columbia (the "Court") and by the affirmative vote of 2/3 of the Shareholders at a shareholder's meeting to be held on July 26, 2023 (the "Meeting"). Upon receipt of approval from the Shareholders and the Court, the Board will determine an effective date to complete the Arrangement.Toronto, Ontario--(Newsfile Corp. - June 15, 2023) - York Harbour Metals Inc. (TSXV: YORK) (OTC Pink: YORKF) (FSE: 5DE0) (the "Company" or "York"), confirms its board of directors (the "Board") has unanimously approved a previously announced spin-out (the "Spin-Out") and has now entered into an arrangement agreement (the "Arrangement Agreement") with York's wholly-owned subsidiary, Phoenix Gold Resources (Holdings ) Ltd. ("SpinCo"), pursuant to which 100% of its non-core assets, the Plumas and Eldorado Properties (collectively known as the "Phoenix Gold Project"), will be spun-out to shareholders of the "Company" ("Shareholders") by way of a share capital reorganization effected through a statutory plan of arrangement (the "Arrangement") pursuant to the Business Corporations Act (British Columbia). Under the Arrangement, York will distribute all the issued and outstanding common shares of SpinCo (each, a "SpinCo Share") to the Shareholders. Once the Arrangement becomes effective, York Shareholders will ultimately own shares of York and a reporting issuer. SpinCo will focus on the development of the Phoenix Gold Project, and York will continue to focus on the development of the York Harbour Copper-Zinc-Silver Project and the Bottom Brook Rare Earth Elements Project, both located in western Newfoundland and Labrador, Canada.
安大略省多倫多-(Newsfile Corp.-2023年6月15日)-約克港金屬公司(多倫多證券交易所股票代碼：YORKF)(場外交易代碼：YORKF)(紐約證券交易所股票代碼：5DE0)公司“或”約克市)，確認其董事會(衝浪板“)一致通過了先前宣佈的分拆計劃(The”The“衍生產品“)，現已訂立安排協定(”安排協定)與約克的全資子公司菲尼克斯黃金資源(控股)有限公司(SpinCo)，據此，其100%的非核心資產、Plumas和Eldorado Properties(統稱為鳳凰金牌工程)，將被分拆給股東公司“(“股東“)透過法定安排圖則進行股本重組(”佈置“)根據《《商業公司法》(不列顛哥倫比亞省)根據協定，約克將分配SpinCo的所有已發行和已發行普通股(每股，a)。SpinCo共享“)向股東。一旦安排生效，York股東最終將擁有York的股份和一家報告發行人。SpinCo將專注於鳳凰城黃金專案的開發，York將繼續專注於位於紐芬蘭西部和加拿大拉布拉多的約克港銅鋅銀專案和Bottom Brook稀土元素專案的開發。
The Arrangement Agreement
《安排協定》
Under the Arrangement, current Shareholders will receive SpinCo Shares by way of a share exchange, pursuant to which each existing common share of York will be exchanged for one new common share of York (each, a "New Company Share") and 0.2 of a SpinCo Share. Holders of options and warrants of York will not be entitled to New Company Shares nor SpinCo Shares.
根據該安排，現有股東將通過換股的方式獲得SpinCo股票，根據換股方式，每股現有的約克普通股將交換為一股新的約克普通股(每股，a)。新公司股份“)和0.2%的SpinCo股票。約克期權和認股權證的持有者將無權獲得新公司股票或SpinCo股票。
The reorganization will be effected pursuant to the arrangement provisions of the Business Corporations Act (British Columbia) and must be approved by the Supreme Court of British Columbia (the "Court") and by the affirmative vote of 2/3 of the Shareholders at a shareholder's meeting to be held on July 26, 2023 (the "Meeting"). Upon receipt of approval from the Shareholders and the Court, the Board will determine an effective date to complete the Arrangement.
是次重組將根據《《商業公司法》(不列顛哥倫比亞省)，必須得到不列顛哥倫比亞省最高法院(“法院)，並在2023年7月26日舉行的股東大會上以三分之二的股東讚成票(會議在收到股東和法院的批准後，董事會將決定完成安排的生效日期。
The Company expects that the Arrangement will increase Shareholder value by allowing capital markets to ascribe value to the Phoenix Gold Project independently of the York Harbour Copper-Zinc-Silver Project and the Bottom Brook Rare Earth Elements Project held by the Company. The Spin-Out will provide new and existing Shareholders more flexibility as to their specific investment strategy and risk profile. The Company believes that having a separately funded early-exploration business will accelerate the development of the Phoenix Gold Project.
本公司預期，該安排可讓資本市場獨立於本公司持有的約克港銅鋅銀專案及底溪稀土元素專案為鳳凰金礦專案計值，從而增加股東價值。分拆將為新股東和現有股東在具體投資策略和風險狀況方面提供更大的靈活性。本公司相信，擁有單獨出資的早期勘探業務將加快鳳凰金礦專案的發展。
Conditions to Closing
成交的條件
Completion of the Arrangement is subject to several conditions, including the following:
有關安排的完成須受多項條件規限，包括：
- Shareholder approval at the Meeting;
- Court approval; and
- TSX Venture Exchange (the "TSXV") approval.
- 股東大會通過；
- 法院批准；以及
- 多倫多證券交易所創業板(TSX)TSXV“)批准。
On June 13, 2023, the TSXV conditionally accepted the terms of the Arrangement, subject to standard conditions including Court and Shareholder approval.
2023年6月13日，TSXV有條件地接受了安排的條款，但須符合標準條件，包括法院和股東的批准。
Upon completion of the Arrangement, it is intended that SpinCo will be managed by Andrew Lee, as President and Chief Executive Officer; and Sean Choi as Chief Financial Officer. SpinCo's board of directors will consist of Andrew Lee, Roger Baer, and J. Douglas Blanchflower. Changes and additions to the management team and board will be made as needed as the Phoenix Gold Project progresses.
安排完成後，SpinCo將由安德魯·李管理，擔任總裁兼首席執行官，肖恩·崔擔任首席財務官。SpinCo的董事會將由安德魯·李、羅傑·貝爾和J·道格拉斯·布蘭奇弗勞爾組成。隨著菲尼克斯黃金專案的進展，管理團隊和董事會將根據需要進行變動和增加。
Additional details of the Spin-Out transaction will be included in an information circular to be mailed to Shareholders. The Spin-Out is expected to close on or about a date to be determined after the Meeting, subject to the satisfaction of all necessary approvals and conditions.
剝離交易的更多細節將包括在郵寄給股東的資訊通告中。剝離預計將在會議後確定的日期或前後完成，條件是所有必要的批准和條件都得到滿足。
About York Harbour Metals
關於約克港金屬公司
York Harbour Metals Inc. (TSXV: YORK) (OTC Pink: YORKF) (FSE: 5DE0) is an exploration and development company focused on two high-grade projects in Newfoundland and Labrador. The York Harbour Copper-Zinc-Silver Project is located approximately 27 km from Corner Brook in Newfoundland and Labrador. The Company intends to continue drilling the 11 known mineralized zones and explore new massive sulphide targets.
約克港金屬公司(多倫多證券交易所股票代碼：YOKF)(紐約證券交易所股票代碼：5DE0)是一家勘探和開發公司，專注於紐芬蘭和拉布拉多的兩個高品位專案。約克港銅鋅銀專案位於紐芬蘭和拉布拉多的Corner Brook約27公里處。本公司打算繼續鑽探11個已知礦化帶，並勘探新的塊狀硫化物目標。
Recently, the Company announced the acquisition of a high-grade Rare Earth Elements ("REE") project also located in Newfoundland and Labrador. The Bottom Brook Critical Metals Project, covering 15,150 hectares, is located next to the Trans Canada Highway and is just 27 km from the deep-water port at Turf Point. York Harbour intends to actively identify diamond drill targets through property-wide prospecting, focused soil sampling, and geological mapping. A substantial drill program is scheduled for this year.
最近，該公司宣佈收購同樣位於紐芬蘭和拉布拉多的一個高品位稀土元素(“REE”)專案。底溪關鍵金屬專案佔地15,150公頃，位於跨加拿大駭維金屬加工旁邊，距離Turf Point深水港僅27公里。約克港打算通過全地產勘探、重點土壤採樣和地質填圖積極識別鑽石鑽探目標。今年計劃進行一項大規模的演習計劃。
For further details on York Harbour Metals, please reach out via email to info@yorkharbourmetals.com or call +1-778-302-2257. You may also visit the Company's website at for past news releases, media interviews and opinion-editorial pieces by management.
欲瞭解約克港金屬公司的更多資訊，請發送電子郵件至info@yorkharbourmetals.com或致電+1-778-302-2257。您還可以訪問該公司的網站，獲取過去的新聞稿、媒體採訪和管理層的觀點社論文章。
On Behalf of The Board of Directors,
我謹代表董事會：
"Signed"
Bruce Durham
CEO, President, and Director
“已簽署”
布魯斯·達勒姆
首席執行官總裁和董事
Telephone: 778-302-2257 | Email: info@yorkharbourmetals.com
Website:
電話：778-302-2257|電子郵件：info@yorkharbourmetals.com
網站：
1518 - 800 Pender Street W, Vancouver, BC, Canada V6C 2V6
加拿大不列顛哥倫比亞省溫哥華彭德街W 1518-800 V6C 2V6
Neither the 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 of this news release.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Cautionary Statement Regarding Forward-Looking Information
關於前瞻性資訊的警示聲明
This news release may contain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company's mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.
本新聞稿可能包含適用於加拿大證券法的“前瞻性資訊”和“前瞻性陳述”。本文中包含的所有非歷史性資訊可能構成前瞻性資訊。本文中的前瞻性表述包括但不限於與公司礦產開發前景有關的表述，這些表述必須基於一些假設，儘管管理層認為這些假設是合理的，但這些假設本身就會受到商業、市場和經濟風險、不確定性和或有事件的影響，這些風險、不確定性和意外事件可能會導致實際結果、業績或成就與前瞻性表述中明示或暗示的內容大不相同。除法律另有規定外，公司不承擔任何更新或修改任何前瞻性陳述的義務。告誡讀者不要過度依賴這些前瞻性陳述。
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。