Commander Resources Announces Receipt of Final Order Approving Arrangement with Enduro
The Supreme Court of British Columbia has issued its Final Order approving the previously announced plan of arrangement between Enduro Metals Corporation (OTCQB: ENDMF) and Commander Resources. The closing of the arrangement remains subject to final stock exchange approvals and other conditions outlined in the arrangement agreement. The parties expect to complete the arrangement around May 31, 2025. Detailed information about the arrangement, including closing conditions and anticipated shareholder benefits, can be found in Commander's management information circular dated April 9, 2025, available on SEDAR+.
La Corte Suprema della British Columbia ha emesso l'Ordine Finale che approva il piano di riorganizzazione precedentemente annunciato tra Enduro Metals Corporation (OTCQB: ENDMF) e Commander Resources. La conclusione dell'accordo è ancora soggetta alle approvazioni finali della borsa valori e ad altre condizioni indicate nell'accordo di riorganizzazione. Le parti prevedono di completare l'operazione intorno al 31 maggio 2025. Informazioni dettagliate sull'accordo, comprese le condizioni di chiusura e i benefici attesi per gli azionisti, sono disponibili nella circolare informativa della direzione di Commander datata 9 aprile 2025, reperibile su SEDAR+.
La Corte Suprema de Columbia Británica ha emitido su Orden Final aprobando el plan de reorganización previamente anunciado entre Enduro Metals Corporation (OTCQB: ENDMF) y Commander Resources. El cierre de la reorganización está sujeto a las aprobaciones finales de la bolsa de valores y a otras condiciones detalladas en el acuerdo de reorganización. Las partes esperan completar la operación alrededor del 31 de mayo de 2025. Información detallada sobre la reorganización, incluidas las condiciones de cierre y los beneficios anticipados para los accionistas, puede encontrarse en el folleto informativo de la gerencia de Commander fechado el 9 de abril de 2025, disponible en SEDAR+.
브리티시컬럼비아 대법원이 Enduro Metals Corporation (OTCQB: ENDMF)과 Commander Resources 간에 이전에 발표된 조정 계획을 승인하는 최종 명령을 발행했습니다. 조정 마감은 최종 증권거래소 승인 및 조정 계약서에 명시된 기타 조건에 따라 이루어집니다. 양측은 2025년 5월 31일경 조정을 완료할 것으로 예상합니다. 조정에 관한 자세한 정보, 마감 조건 및 예상 주주 혜택은 2025년 4월 9일자 Commander 경영 정보 서한에서 확인할 수 있으며, SEDAR+에서 제공됩니다.
La Cour suprême de la Colombie-Britannique a rendu son Ordonnance finale approuvant le plan d'arrangement précédemment annoncé entre Enduro Metals Corporation (OTCQB : ENDMF) et Commander Resources. La clôture de l'arrangement reste soumise aux approbations finales des bourses et à d'autres conditions énoncées dans l'accord d'arrangement. Les parties prévoient de finaliser l'arrangement aux alentours du 31 mai 2025. Des informations détaillées sur l'arrangement, y compris les conditions de clôture et les avantages anticipés pour les actionnaires, sont disponibles dans la circulaire d'information de la direction de Commander datée du 9 avril 2025, accessible sur SEDAR+.
Der Oberste Gerichtshof von British Columbia hat seinen endgültigen Beschluss erlassen, der den zuvor angekündigten Umstrukturierungsplan zwischen Enduro Metals Corporation (OTCQB: ENDMF) und Commander Resources genehmigt. Der Abschluss der Vereinbarung steht noch unter dem Vorbehalt der endgültigen Börsenzulassungen und weiterer im Vereinbarungsvertrag festgelegter Bedingungen. Die Parteien erwarten, die Vereinbarung um den 31. Mai 2025 abzuschließen. Detaillierte Informationen zum Arrangement, einschließlich der Abschlussbedingungen und der erwarteten Vorteile für die Aktionäre, sind im Informationsrundschreiben des Managements von Commander vom 9. April 2025 auf SEDAR+ verfügbar.
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Kelowna, British Columbia--(Newsfile Corp. - May 26, 2025) - Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG0) ("Enduro") and Commander Resources Ltd. (TSXV: CMD) ("Commander" and together with Enduro, the "Parties") are pleased to announce that on May 26, 2025 the Supreme Court of British Columbia issued its Final Order approving the previously announced plan of arrangement between the Parties (the "Arrangement").
Closing of the Arrangement remains subject to satisfaction of certain closing conditions, including receipt of final stock exchange approvals and the satisfaction of certain conditions set forth in the arrangement agreement. Subject to the satisfaction of these closing conditions, the parties currently expect to complete the Arrangement on or about May 31, 2025.
Further details regarding the Arrangement, including the principal closing conditions and the anticipated benefits for shareholders, can be found in Commander's management information circular dated April 9, 2025 in respect of the Meeting, a copy of which can be found under Commander's SEDAR+ profile at www.sedarplus.ca.
About Enduro Metals
Enduro Metals is an exploration company focused on its Newmont Lake Project; a total 688km2 property located between Eskay Creek, Snip, and Galore Creek within the heart of British Columbia's Golden Triangle. Building on prior results, Enduro's geological team has outlined multiple deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, newly discovered copper-gold porphyry mineralization at North Toe, and a large 10km x 4km geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt, and lead mineralization along the newly discovered Chachi Corridor.
About Commander Resources
Commander is a Canadian focused exploration company that has leveraged its success in exploration through a combination of partnerships and sole funded exploration. Commander has a portfolio of base and precious metal projects across Canada including its flagship Burn Project, a newly discovered porphyry copper-gold project in the Babine copper belt of central British Columbia and its October Dome copper and gold porphyry target in central British Columbia and our Sabin VMS project in Ontario.
On Behalf of the Board of Directors of Commander Resources Ltd.
"Robert Cameron"
President and Chief Executive Officer
On Behalf of the Board of Directors of Enduro Metals Corporation
"Cole Evans"
Chief Executive Officer
For further information please contact:
Robert Cameron
Tel: +1 (778) 989-1501
Email: rcameron@commanderresources.com
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Enduro's and Commander's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this news release include statements concerning the parties' expectation that they will complete the Arrangement and the timing thereof, and all other statements that are not historical in nature.
Although Enduro and Commander believe the forward-looking information contained in this news release is reasonable based on information available on the date hereof, forward-looking statements by their nature involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ENDURO AND COMMANDER AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ENDURO AND COMMANDER MAY ELECT TO, NEITHER OF THEM UNDERTAKES TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253444
FAQ
When is the expected closing date for the Enduro Metals (ENDMF) and Commander Resources arrangement?
What approvals has the Enduro Metals (ENDMF) arrangement received?
What conditions remain for the Enduro Metals (ENDMF) arrangement to close?
Where can investors find detailed information about the Enduro Metals (ENDMF) arrangement?
