TORONTO, April 3,
2024 /CNW/ - Orford Mining Corporation (TSXV:
ORM) ("Orford" or
the "Company") is pleased to announce that it has been
acquired by Alamos Gold Inc. (TSX: AGI, NYSE: AGI)
("Alamos") as contemplated by the previously announced
arrangement agreement dated January 15,
2024 (the "Arrangement"). Pursuant to the
Arrangement, Alamos has acquired all of the outstanding common
shares of Orford ("Orford Shares") not already owned by
Alamos in exchange for the issuance of common shares of Alamos. As
a consequence, all former shareholders of Orford at the time of closing of the
Arrangement are now shareholders of Alamos. For further details of
the Arrangement, please refer to the Company's press releases dated
January 15, 2024, March 20, 2024, and March
27, 2024, and the management information circular of the
Company dated February 23, 2024, in
respect of the special meeting of shareholders who approved the
Arrangement, each available on SEDAR+ under Orford's profile at www.sedarplus.com.
With the Arrangement now complete, the Orford Shares are
expected to be delisted from the TSX Venture Exchange shortly after
the date hereof, Orford will also
apply to cease to be a reporting issuer under applicable Canadian
securities laws.
Neither the TSXV nor its Regulation Services Provider
(as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Statement Concerning Forward-Looking
Statements
This news release contains "forward-looking
information" as defined under applicable securities laws. Such
forward-looking statements include, but are not limited to,
statements relating to: the timing of de-listing and ceasing
to be a reporting issuer.
Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements
of Orford to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. These factors include, among others,
obtaining required regulatory approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to Orford's filings with Canadian securities
regulators available on SEDAR+ at www.sedarplus.com.
Although
Orford has attempted to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward- looking statements contained
herein are made as of the date of this news release and Orford
disclaims any obligation to update any forward-looking statements,
whether as a result of new information, future events or results or
otherwise, except as required by applicable securities
laws.
SOURCE Orford Mining Corporation