|November 23, 2018|
Valoro Resources Inc. Mails Information Circular for Special Meeting To Be Held on December 19, 2018 Regarding Merger With Defiance Silver Corp.
|Vancouver, B.C., November 23, 2018 -- ValOro Resources Inc. (TSX-V: VRO) is pleased to announce that Madam Justice Matthews of the BC Supreme Court issued an order today authorizing ValOro to call a special general meeting of its shareholders to consider and, if appropriate, approve by a special resolution the friendly merger of ValOro and Defiance Silver Corp. (TSX-V: DEF). Due to unexpected delays in printing and mailing of the proxy materials, the meeting will be held on Wednesday, December 19, 2018.
Pursuant to that order, a copy of the Notice of Meeting is attached hereto, and copies of that Notice, ValOro's Information Circular and the court order have been posted on ValOro's website. The Notice, Information Circular and a proxy are being mailed to all shareholders, warrantholders and optionholders.
About ValOro Resources Inc.
ValOro Resources Inc. (VRO | TSX Venture Exchange) is a mineral exploration and development company focused on acquiring, exploring, and developing mineral resource opportunities with the potential to host profitable mining operations. The Company's primary focus is the 100% owned Tepal Gold/Copper Project in Michoacán state, Mexico.
For Further Information Please Contact:
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
NOTICE (AMENDED) OF SPECIAL GENERAL MEETING OF SECURITYHOLDERS
NOTICE IS HEREBY GIVEN THAT a special general meeting (the "Meeting") of the holders of common shares ("ValOro Shareholders" and "ValOro Shares", respectively), holders of share purchase warrants ("ValOro Warrantholders" and "ValOro Warrants", respectively) and holders of stock options ("ValOro Optionholders" and "ValOro Options", respectively) of ValOro Resources Inc. ( "ValOro") will be held in the boardroom of ValOro's legal counsel, Northwest Law Group, at Suite 704, 595 Howe Street, Vancouver, British Columbia on Wednesday, December 19, 2018 at 10:00 a.m. for the following purposes:
Pursuant to the Interim Order, registered ValOro Shareholders may dissent with respect to the Arrangement Resolution and, if the Arrangement Resolution is passed, require ValOro to purchase, pursuant to the BCBCA, all of their ValOro Shares for their fair value as described in the Circular under "The Arrangement -- Dissent Rights". Failure to strictly comply with the requirements with respect to the dissent rights set forth in the BCBCA may result in the loss of any right to dissent. ValOro Shareholders who are beneficial owners of ValOro Shares registered in the name of a broker, custodian, nominee or other intermediary and who wish to dissent must make arrangements for their ValOro Shares to be registered in their name prior to the time the written objection to the Arrangement Resolution is required to be received by ValOro, or alternatively, make arrangements for the registered holder of their ValOro Shares to dissent on their behalf.
ValOro Securityholders are reminded to read the Circular before voting and, if unable to attend the Meeting in person, to complete and return the enclosed Proxy (or Request for Voting Instructions, a "VIF") in accordance with its instructions (or vote online). Unregistered ValOro Securityholders must return their completed VIFs in accordance with the instructions given by their financial institution or other intermediary that sent it to them (or vote online).
DATED this 22nd day of November 2018
ON BEHALF OF THE BOARD OF DIRECTORS
(signed) EVELYN E. ABBOTT
You can view the Next News item: Wed Dec 5, 2018, Valoro Resources Inc. Provides Additional Disclosure Respecting Its Information Circular For The Special Meeting To Be Held On December 19, 2018 Regarding Its Merger With Defiance Silver Corp.
You can view the Previous News item: Tue Nov 6, 2018, Defiance Silver and Valoro Resources Sign Definitive Merger Agreement
You can return to the main News page, or press the Back button on your browser.