Pursuant to the Arrangement, each QMX Shareholder (other than Eldorado and any dissenting QMX Shareholders) will receive, in exchange for each Share held, (i)
Favourable ISS and Glass Lewis Recommendations
In reaching its conclusion, ISS noted:
“In light of the reasonable strategic rationale, significant premium, improvements in liquidity and certainty of value based on the mixed consideration offered to QMX Shareholders, and positive market reaction, shareholder approval of this resolution is warranted.”
Glass Lewis’ report cites Eldorado’s previous key financing in QMX, the negotiation process which resulted in a higher price for QMX Shareholders and the strong premiums along with the mixed structure of cash and equity offered within the Consideration in recommending QMX Shareholders vote in favour of the Arrangement.
The Meeting
The special meeting of QMX Shareholders (the “Meeting”) to vote on the Arrangement is scheduled to be held in a virtual-only format on
YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY
The proxy voting deadline is
The board of directors unanimously recommends that
QMX Shareholders vote FOR the Arrangement.
Full details of the Arrangement are described in the Company’s management information circular dated
How to Vote
Your vote is important regardless of the number of Shares you own. Please vote today.
Voting for Beneficial Shareholders
- INTERNET: Go to www.proxyvote.com. Enter the 12-digit control number printed on the voting instruction form and follow the instructions on the screen.
Voting for Registered Shareholders
- INTERNET: Go to www.voteproxyonline.com. Enter the 12-digit control number printed on the form of proxy and follow the instructions on the screen.
Shareholder Questions and Assistance
QMX Shareholders who have questions regarding the Arrangement or require assistance with voting may contact
About
QMX is a Canadian based resource company traded on the
About
Eldorado is a gold and base metals producer with mining, development and exploration operations in
Contact Information: | ||
President and CEO | Investor Relations | Public Relations |
& Communications | Tel: (514) 667-2304 | |
Toll free: +1 877-717-3027 | Email: info@qmxgold.ca | Website: www.qmxgold.ca |
North America Toll Free: 1-877-452-7184 | ||
Email: assistance@laurelhill.com |
Cautionary Note About Forward-Looking Statements and Information
Certain of the information or statements contained in this news release constitute “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws, which are collectively referred to as “forward-looking statements”. When used in this news release, words such as “will”, “to be”, “to seek”, “should”, “potential”, “target”, “strategy” and similar expressions are intended to identify these forward-looking statements as well as phrases or statements that certain actions, events or results “may”, “could”, “would”, “should”, “occur” or “be achieved” or the negative connotation of such terms. Such forward-looking statements, including but not limited to statements relating to: the transaction and the proposed Arrangement and the Meeting, which involve numerous risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements, including the risk factors identified in the Circular and the documents incorporated by reference therein along with QMX’s Management’s Discussion and Analysis for the quarter ended
The forward-looking statements in this news release involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein.
Neither
None of the securities to be issued pursuant to the transaction have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issuable in the transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the
Source:
2021 GlobeNewswire, Inc., source