Rockridge Resources Receive Final Orders Approving Proposed Plans of Arrangement with Eros Resources and MAS Gold
10 Janvier 2025 - 11:00PM
Rockridge Resources Ltd. (TSX-V: ROCK)
(OTCQB: RRRLF) (Frankfurt: RR0)
(“Rockridge”) (the “Company”) is pleased to announce that Rockridge
has obtained final orders of the Supreme Court of British Columbia
approving the previously announced proposed statutory plans of
arrangement under section 288 of the Business Corporations Act
(British Columbia) (the “
Arrangements”) pursuant to which
Eros will acquire all of the issued and outstanding common shares
of MAS Gold and Rockridge that it does not already own in exchange
for common shares of Eros, as more particularly described in the
Joint Management Information Circular of Eros, MAS Gold, and
Rockridge dated November 26, 2024, and in accordance with the terms
of the business combination agreement between Eros, MAS Gold, and
Rockridge dated September 30, 2024 (the "
Business Combination
Agreement"), all pursuant to the previously announced three-way
merger transaction (the “
Transaction”). Copies of the Joint
Management Information Circular and the Business Combination
Agreement are available under each of the companies’ profiles on
SEDAR+ at www.sedarplus.ca.
It is currently anticipated that the
Arrangements will be completed this month, subject to the
satisfaction or waiver of customary closing conditions. It is
anticipated that the common shares of Rockridge will be delisted
from the TSX Venture Exchange following completion of the
Transaction and the resulting issuer will start trading
thereafter.
About Rockridge Resources Ltd.:
Rockridge Resources is a public mineral
exploration company focused on the acquisition, exploration and
development of mineral resource properties in Canada, specifically
copper and gold. The Company’s 100% owned Knife Lake Project is
located in Saskatchewan which is ranked as a top mining
jurisdiction in the world by the Fraser Institute. The project
hosts the Knife Lake Deposit, which is a VMS, near-surface
Cu-Co-Au-Ag-Zn deposit open along strike and at depth. There is
strong discovery potential in and around the deposit area as well
as at regional targets on the large property package.
The Company's gold asset is its 100% owned Raney
Gold Project, which is a high-grade gold exploration project
located in the same greenstone belt that hosts the world class
Timmins and Kirkland Lake lode gold mining camps. Recently reported
drill hole RN 20-06 intersected 28.0 g/t gold over 6.0 metres at a
shallow vertical level of 95 metres, which is the best result from
the project thus far. Rockridge’s goal is to maximize shareholder
value through new mineral discoveries, committed long-term
partnerships, and the advancement of exploration projects in
geopolitically favourable jurisdictions.
Additional information about Rockridge Resources
and its project portfolio can be found on the Company’s website at
www.rockridgeresourcesltd.com.
Rockridge Resources Ltd.
“Jonathan Wiesblatt”________________________________Jonathan
WiesblattCEO
For further information contact myself or:
Jordan Trimble, President orNicholas Coltura, Corporate
Communications
Rockridge Resources Ltd. Telephone: 604-558-5847 Toll Free:
800-567-8181 Facsimile: 604-687-3119 Email:
info@rockridgeresourcesltd.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
None of the securities to be issued pursuant to
the Transaction have been, nor will be, registered under the United
States Securities Act of 1933, as amended (the “U.S. Securities
Act”) or any U.S. state securities laws, and may not be offered or
sold in the United States or to, or for the account or benefit of,
United States persons absent registration or an applicable
exemption from the registration requirements of the U.S. Securities
Act and applicable U.S. state securities laws. This press release
does not constitute an offer to sell or the solicitation of an
offer to buy securities in the United States, nor in any other
jurisdiction.
Forward-Looking Information and
Statements
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”, “expect” 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” or “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; the ability of the parties to satisfy the conditions
to closing of the Transaction; and the anticipated timing of the
completion of the Transaction, 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 Joint Management Information Circular respecting the
Transaction and the documents incorporated by reference therein,
which is available on the companies’ profiles on SEDAR+ at
www.sedarplus.ca. Such factors include, among others, obtaining
required regulatory approvals, exercise of any termination rights
under the Business Combination Agreement, meeting other conditions
in the Business Combination Agreement, material adverse effects on
the business, properties and assets of the companies, and whether
any superior proposal will be made. Although the companies have
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The companies
undertake no obligation to update any forward-looking statements,
except in accordance with applicable securities laws. All
forward-looking statements contained in this news release are
expressly qualified in their entirety by this cautionary
statement.
The forward-looking statements in this news
release involve known and unknown risks, uncertainties and other
factors that may cause the companies’ actual results, performance
and achievements to be materially different from the results,
performance or achievements expressed or implied therein.
Rockridge Resources (TSXV:ROCK)
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