Interim Order Obtained for Osisko Mining's Acquisition of Beaufield Resources Inc.
07.09.2018 | GlobeNewswire
MONTRÉAL and TORONTO, Sept. 07, 2018 - Beaufield Resources Inc. (TSX-V:BFD) ("Beaufield") and Osisko Mining Inc. (TSX:OSK) ("Osisko") are pleased to announce that Beaufield has obtained an interim order from the Superior Court of Québec (the "Interim Order") today in support of Osisko's acquisition of Beaufield, which will be completed by way of a plan of arrangement under the Canada Business Corporations Act (the "Arrangement"). Details of the Arrangement are included in a joint press release of Beaufield and Osisko disseminated on August 14, 2018 (entitled "Osisko Mining to Acquire Beaufield Resources").The Interim Order, among other things, authorizes Beaufield to call and hold a special meeting of shareholders (the "Meeting") to adopt a special resolution approving the Arrangement in accordance with the Canada Business Corporations Act. The Meeting will be held at 11:00 a.m. (EDT) on October 12, 2018 at the offices of Lavery, de Billy L.L.P., 1, Place Ville Marie, Suite 4000, Montréal, Québec.
Full details of the Arrangement will be included in Beaufield's management information circular (the "Beaufield Circular") expected to be mailed to shareholders of Beaufield the week of September 17, 2018 in connection with the Meeting. The Beaufield Circular, letter of transmittal and related proxy materials will, in due course, be available on SEDAR (www.sedar.com) under Beaufield's issuer profile.
About Beaufield Resources Inc.
Beaufield is a mineral exploration company with its exploration activity focused in Québec and Ontario. Please refer to Beaufield's website at www.beaufield.com to view the Beaufield's properties in Urban, Eléonore-Opinaca, Tortigny, Hemlo and Launay.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québec's prolific Abitibi gold mining district, and properties in the Larder Lake mining division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. Osisko also holds interests and options in a number of additional properties in northern Québec and Ontario.
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
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For further information about Beaufield please contact:
Ronald Stewart, President and Chief Executive Officer
Telephone: (514) 842 3443
For further information about Osisko please contact:
John Burzynski, President and Chief Executive Officer
Telephone: (416) 363-8653
