Pan American Fertilizer and Golden Fame Resources Announce Shareholder Approval of Proposed Arrangement
11 Juillet 2013 - 11:00PM
Access Wire
Vancouver, B.C., July 11, 2013
- Pan American Fertilizer Corp. (CNSX:
PAF)("Pan
American") is pleased to announce the results
of its Special Meeting of Shareholders (the "Pan American Meeting")
held on July 11, 2013 in Vancouver, B.C. At the Pan American
Meeting, shareholders approved all resolutions put before them,
including, the approval by 100% of the Pan American shares voted,
of the previously announced proposed transaction with Golden Fame
Resources Corp. (TSXV: GFA; Frankfurt: 6GF)("Golden Fame") whereby
Golden Fame will acquire all of the issued and outstanding
securities of Pan American by way of a statutory plan of
arrangement (the "Arrangement") pursuant to
the British Columbia Business Corporations Act.
Golden Fame is
pleased to report that all resolutions presented to shareholders of
Golden Fame relating to the Arrangement, including the proposed
consolidation of Golden Fame's issued and outstanding common shares
on the basis of one (1) post-consolidation common share for every
four (4) pre-consolidation common shares (the "Consolidation"), were
approved by 100% of the votes cast at Golden Fame's Extraordinary
General Meeting of Shareholders, also held on July 11, 2013 in
Vancouver, B.C.
The completion of the Arrangement
remains subject to, among other things, completion of the
Consolidation, the final approval of the Supreme Court of British
Columbia and final acceptance by the TSX Venture Exchange. At 9:45
a.m. on July 17, 2013, Pan American plans to apply to the Court at
800 Smithe Street, Vancouver, British Columbia, to obtain an Order
of the Court approving the Arrangement. Subject to complying with
applicable procedures, any registered shareholders of Pan American
and other interested parties who wish to participate or to be
represented or to present evidence or arguments at the hearing, may
do so.
Assuming court approval is obtained
and all other closing conditions are satisfied or waived, it is
anticipated that the Arrangement will be completed by the end of
July, 2013.
Further details regarding the
Arrangement are set out in the press releases dated April 24, 2013,
May 21, 2013 and June 7, 2013, and the Notices and Joint
Information Circular dated June 10, 2013, copies of which are
available under Golden Fame's and Pan American's profiles on SEDAR
at www.sedar.com.
For further
information about Golden Fame Resources and this news release,
contact Jason Birmingham, Interim Chief Executive Officer, at
778-331-2022 and visit www.goldenfameresources.com.
For further
information about Pan American Fertilizer Corp and this news
release, contact Herrick Lau, Chief Financial Officer, at
604-688-9588 and visit www.pafertilizer.com.
On Behalf of the Board of
Directors,
GOLDEN FAME RESOURCES CORP.
"Jason Birmingham"
Jason
Birmingham
Interim Chief
Executive Officer
On Behalf of the Board of
Directors,
PAN AMERICAN FERTILIZER CORP.
"Randy Wright"
Randy Wright
Chief Executive Officer
Neither the Canadian National Stock
Exchange, 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 release.
Forward Looking
Statements
Some
statements in this news release contain forward-looking information
(within the meaning of Canadian securities legislation) including,
without limitation, statements as to actions that will be taken
upon completion of the business combination of Golden Fame and Pan
American. These statements address future events and conditions
and, as such, involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements.
Such factors include, without limitation, the satisfaction of the
conditions required to complete the business combination and,
ultimately, the completion of the business combination.
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