ARIS GOLD ANNOUNCES NOTEHOLDER APPROVAL OF AMENDMENT TO GOLD-LINKED NOTES

On February 8, 2022, Aris Gold Corporation (OTCQX: ALLXF) announced that approximately 78% of its 7.5% Senior Secured Gold-Linked Notes due 2027 noteholders approved an amendment to the trust indenture.

Rhea-AI Summary

On February 8, 2022, Aris Gold Corporation (OTCQX: ALLXF) announced that approximately 78% of its 7.5% Senior Secured Gold-Linked Notes due 2027 noteholders approved an amendment to the trust indenture. This amendment allows the company to issue unsecured parent guarantees for future subsidiary debt, aligning with its strategy to become a larger, diversified gold producer. The vote showed strong support, with 99.5% in favor at the recent noteholders' meeting.

Positive

• 78% of noteholders approved the amendment, demonstrating strong investor confidence.
• The amendment allows for the issuance of unsecured guarantees, facilitating future growth.

Negative

• None.

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VANCOUVER, BC, Feb. 8, 2022 /PRNewswire/ - Aris Gold Corporation (Aris Gold or the Company) (TSX: ARIS) (OTCQX: ALLXF) announces today that holders (Noteholders) of its 7.5% Senior Secured Gold-Linked Notes due 2027 (Notes) have voted to approve an amendment to the trust indenture governing the Notes. The amendment will permit the Company to provide certain unsecured parent guarantees of future indebtedness incurred by subsidiaries which are formed to advance and support the Company's strategy to grow into a larger, diversified gold producer. 

The amendment was supported by approximately 78% of noteholders, 99.5% of whom voted in favour of the amendment at the meeting of Noteholders held earlier today.

About Aris Gold

Aris Gold is a Canadian mining company listed on the TSX under the symbol ARIS and on the OTCQX under the symbol ALLXF. The Company is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. Aris Gold operates the Marmato mine in Colombia, where a modernization and expansion program is under way, and the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada. Aris Gold plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.

Additional information on Aris Gold can be found at www.arisgold.com and www.sedar.com.

View original content:https://www.prnewswire.com/news-releases/aris-gold-announces-noteholder-approval-of-amendment-to-gold-linked-notes-301478113.html

SOURCE Aris Gold Corporation

FAQ

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What was approved by Aris Gold's noteholders on February 8, 2022?

On February 8, 2022, Aris Gold's noteholders approved an amendment allowing the company to provide unsecured parent guarantees for future subsidiary debt.

What does the amendment to the gold-linked notes signify for Aris Gold (ALLXF)?

The amendment signifies a strategic move to support Aris Gold's growth into a larger, diversified gold producer.

How many noteholders supported the amendment for Aris Gold's notes?

Approximately 78% of noteholders supported the amendment, with 99.5% voting in favor at the meeting.

What kind of financial instruments are affected by the amendment announced by Aris Gold?

The amendment affects Aris Gold's 7.5% Senior Secured Gold-Linked Notes due 2027.