Steppe Gold Ltd. Announce Extension of Binding Term Sheet
Steppe Gold Ltd. Announce Extension of Binding Term Sheet
ULAANBAATAR, Mongolia, March 19, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold") is pleased to announce the extension (the "Extension Letter Agreement") of the binding term sheet entered with, among other parties, Boroo Gold LLC ("Boroo Gold") dated January 18, 2024 (the "Binding Agreement"), pursuant to which Steppe Gold, either directly or through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Boroo Gold in an all-share transaction (the "Proposed Transaction"). The Extension Letter Agreement extends the exclusivity period between Steppe Gold and Boroo Gold in the Binding Agreement from March 29, 2024 to April 12, 2024, or such earlier or later time as Steppe Gold and Boroo Gold mutually agree, in order to provide more time for the parties to complete due diligence and enter into a definitive agreement.
蒙古烏蘭巴托，2024年3月19日（GLOBE NEWSWIRE）——Steppe Gold Ltd.（多倫多證券交易所股票代碼：STGO）（場外交易所股票代碼：STPGF）（FSE：2J9）（“Steppe Gold”）欣然宣佈延長1月18日與Boroo Gold LLC（“Boroo Gold”）等各方簽訂的具有約束力的條款表（“延期信協議”），2024年（“約束性協議”），根據該協議，Steppe Gold將直接或通過全資子公司通過全股交易（“擬議交易”）收購Boroo Gold的所有已發行和流通普通股。延期信協議將約束性協議中Steppe Gold和Boroo Gold之間的獨家經營期從2024年3月29日延長至2024年4月12日，或Steppe Gold和Boroo Gold雙方商定的更早或更晚的時間，以便爲雙方提供更多時間完成盡職調查和達成最終協議。
For more information on the Transaction, please see the news release dated January 22, 2024 which is available on SEDAR+ at .
有關該交易的更多信息，請參閱2024年1月22日的新聞稿，該新聞稿可在SEDAR+上查閱，網址爲。
About Steppe Gold
關於 Steppe Gold
Steppe Gold is Mongolia's premier precious metals company and 100% owner of the ATO gold mine and the Uudam Khundii project in Mongolia.
Steppe Gold是蒙古首屈一指的貴金屬公司，也是ATO金礦和蒙古烏達姆·洪迪伊項目的100％所有者。
Cautionary Statement on Forward-Looking Information
關於前瞻性信息的警示聲明
This news release includes certain statements that constitute "forward-looking statements", and "forward-looking information" within the meaning of applicable securities laws collectively "forward-looking statements". These include statements regarding Steppe Gold's intent, or the beliefs or current expectations of the officers and directors of Steppe Gold regarding finalization of due diligence and entering into a definitive agreement. When used in this news release, words such as "will" and similar expressions are intended to identify these forward-looking statements as well as phrases or statements that certain actions, events or results "could", "may", "should", "would" or the negative connotation of such terms. As well, forward-looking statements may relate to future outlook and anticipated events, such as the consummation and timing of the Proposed Transaction; the entering into a definitive agreement; and the terms and conditions thereof. These forward-looking statements involve numerous risks and uncertainties, including those relating to required shareholder and regulatory approvals, meeting other conditions in the Binding Agreement, material adverse effects on the business, properties and assets of Steppe Gold, and such other risk factors detailed from time to time in Steppe Gold's public disclosure documents including, without limitation, those risks identified in Steppe Gold's annual information form for the year ended December 31, 2022, which is available on SEDAR+ at . Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Steppe Gold assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Steppe Gold updates any one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
本新聞稿包括構成 “前瞻性陳述” 的某些陳述，以及適用證券法所指的 “前瞻性信息”，統稱爲 “前瞻性陳述”。其中包括有關Steppe Gold意圖的聲明，或Steppe Gold高管和董事對完成盡職調查和達成最終協議的看法或當前期望的聲明。在本新聞稿中使用諸如 “意願” 和類似表述之類的詞語時，旨在識別這些前瞻性陳述，以及某些行爲、事件或結果 “可能”、“可能”、“應該”、“會” 或此類術語的負面含義的短語或陳述。同樣，前瞻性陳述可能與未來展望和預期事件有關，例如擬議交易的完成和時間；最終協議的簽訂；以及其條款和條件。這些前瞻性陳述涉及許多風險和不確定性，包括與所需的股東和監管部門批准、滿足約束性協議中的其他條件、對Steppe Gold業務、財產和資產的重大不利影響以及Steppe Gold公開披露文件中不時詳述的其他風險因素，包括但不限於Steppe Gold截至2022年12月31日的年度信息表中確定的風險，該表可在SEDAR+上查閱。前瞻性陳述基於發表這些陳述時可用的信息和/或管理層當時對未來事件的真誠信念，並且存在風險和不確定性，這些風險和不確定性可能導致實際表現或結果與前瞻性陳述中表達或建議的業績存在重大差異。前瞻性陳述僅代表這些陳述發表之日。除非適用法律要求，否則Steppe Gold沒有義務更新或公開宣佈此處包含或以引用方式納入的任何前瞻性陳述的任何變更的結果，以反映實際業績、未來事件或發展、假設變化或影響前瞻性陳述的其他因素的變化。如果Steppe Gold更新了任何一項或多項前瞻性陳述，則不應推斷其將對這些或其他前瞻性陳述進行更多更新。本新聞稿中包含的所有前瞻性陳述均受本警示聲明的全部明確限制。
Contact Information
聯繫信息
Steppe Gold Ltd.
Bataa Tumur-Ochir, Chairman and Chief Executive Officer
Jeremy South, Senior Vice President and Chief Financial Officer
Steppe Gold Ltd.
Bataa Tumur-Ochir，董事長兼首席執行官
傑里米·索斯，高級副總裁兼首席財務官
Shangri-La office, Suite 1201, Olympic Street 19A, Sukhbaatar District 1, Ulaanbaatar 14241, Mongolia Tel: +976 7732 1914
香格里拉辦公室，蒙古烏蘭巴托蘇赫巴託第一區奧林匹克街 19A 號 1201 室 14241 電話：+976 7732 1914
譯文內容由第三人軟體翻譯。