Prime Mining Receives Final Order for Arrangement with Torex
Prime Mining (OTCQX: PRMNF) announced the Supreme Court of British Columbia granted the final order for its plan of arrangement with Torex Gold. Under the Arrangement, Torex will acquire all issued and outstanding Prime shares and Prime shareholders will receive 0.060 of a Torex common share for each Prime share. The transaction is subject to required approvals, including Mexican antitrust clearance, and is expected to close in Q4 2025 if conditions are satisfied or waived. Following closing, Prime shares are expected to be delisted from the Toronto Stock Exchange, OTCQX and Frankfurt, and Prime will apply to cease being a reporting issuer under Canadian securities laws. More details are in Prime's management information circular dated August 25, 2025, on SEDAR+ and Prime's website.
Prime Mining (OTCQX: PRMNF) ha annunciato che la Corte suprema della British Columbia ha concesso l'ordinanza finale relativa al suo piano di concordato con Torex Gold. Ai sensi del Concordato, Torex acquisirà tutte le azioni emesse e in circolazione di Prime e gli azionisti di Prime riceveranno 0,060 azioni ordinarie Torex per ogni azione Prime. La transazione è soggetta alle approvazioni necessarie, inclusa l'autorizzazione antitrust messicana, ed è prevista per la chiusura nel Q4 2025 se le condizioni sono soddisfatte o rinviate. Dopo la chiusura, si prevede che le azioni Prime siano inserite in un delisting dalla Toronto Stock Exchange, OTCQX e Francoforte, e Prime farà richiesta di cessare di essere un emittente segnalato ai sensi delle leggi sui titoli canadesi. Ulteriori dettagli si trovano nel cerchi informativo di gestione di Prime datato 25 agosto 2025, su SEDAR+ e sul sito di Prime.
Prime Mining (OTCQX: PRMNF) anunció que la Corte Suprema de la Columbia Británica concedió la orden final para su plan de reorganización con Torex Gold. Bajo el Acuerdo, Torex adquirirá todas las acciones emitidas y en circulación de Prime y los accionistas de Prime recibirán 0,060 de una acción común de Torex por cada acción de Prime. La transacción está sujeta a las aprobaciones requeridas, incluida la autorización antimonopolio mexicana, y se espera que cierre en el Q4 de 2025 si se cumplen o renuncian las condiciones. Tras el cierre, se espera que las acciones Prime sean dadas de baja de la Toronto Stock Exchange, OTCQX y Fráncfort, y Prime solicitará dejar de ser un emisor que reporta conforme a las leyes canadienses de valores. Más detalles se encuentran en la circular de información de gestión de Prime con fecha 25 de agosto de 2025, en SEDAR+ y en el sitio web de Prime.
Prime Mining (OTCQX: PRMNF)가 브리티시컬럼비아 주 대법원이 Torex Gold와의 합병계획에 대한 최종 명령을 승인했다고 발표했습니다. 합의에 따라 Torex가 Prime의 발행 및 유통 중 모든 주를 인수하며 Prime 주주들은 Prime 주별로 1주당 Torex 보통주 0.060주를 받게 됩니다. 거래는 필요한 승인을 포함하여 멕시코 독점 규제 승인이 필요하며, 조건이 충족되거나 포기되면 2025년 4분기에 마감될 것으로 예상됩니다. 마감 후 Prime 주식은 토론토증권거래소, OTCQX 및 프랑크푸르트에서 상장폐지될 예정이며 Prime은 캐나다 증권법에 따른 공시의무를 중단하기 위한 신청을 할 것입니다. 자세한 내용은 2025년 8월 25일자 Prime의 경영 정보 회람, SEDAR+ 및 Prime 웹사이트에 있습니다.
Prime Mining (OTCQX: PRMNF) a annoncé que la Cour suprême de la Colombie-Britannique a accordé l’ordonnance finale relative à son plan de réorganisation avec Torex Gold. En vertu de l’Arrangement, Torex acquerra toutes les actions émises et en circulation de Prime et les actionnaires de Prime recevront 0,060 action ordinaire Torex pour chaque action Prime. La transaction est soumise aux autorisations requises, y compris l’autorisation antitrust mexicaine, et devrait être clôturée au T4 2025 si les conditions sont satisfaites ou renoncées. Après la clôture, les actions Prime devraient être délistées de la Bourse de Toronto, de l’OTCQX et de Francfort, et Prime demandera à cesser d’être un émetteur faisant l’objet d’un reporting en vertu des lois canadiennes sur les valeurs mobilières. Plus de détails figurent dans la circulaire d’information de gestion de Prime datée du 25 août 2025, sur SEDAR+ et sur le site Web de Prime.
Prime Mining (OTCQX: PRMNF) gab bekannt, dass der Supreme Court of British Columbia die endgültige Anordnung zu ihrem Vereinbarungsplan mit Torex Gold genehmigt hat. Gemäß dem Arrangement wird Torex alle ausgegebenen und umlaufenden Prime-Aktien übernehmen und Prime-Aktionäre erhalten 0,060 Torex-Stammaktien für jede Prime-Aktie. Die Transaktion unterliegt erforderlichen Genehmigungen, einschließlich der mexikanischen Kartellfreigabe, und soll voraussichtlich im Q4 2025 abgeschlossen werden, sofern Bedingungen erfüllt oder verzichtet werden. Nach dem Abschluss wird erwartet, dass Prime-Aktien von der Toronto Stock Exchange, OTCQX und Frankfurt abgemeldet werden, und Prime wird beantragen, kein berichtspflichtiger Emittent mehr gemäß kanadischer Wertpapiergesetze zu sein. Weitere Details finden sich im Management-Informationszirkular von Prime vom 25. August 2025, auf SEDAR+ und auf der Prime-Website.
Prime Mining (OTCQX: PRMNF) أعلنت أن المحكمة العليا في كولومبيا البريطانية منحت الأمر النهائي لخطة الترتيب مع Torex Gold. وفقاً للترتيب، ستقوم Torex باﻻستحواذ على جميع الأسهم الصادرة والقابلة للتداول لشركة Prime وسيحصل حملة أسهم Prime على 0.060 من سهم Torex عادي مقابل كل سهم Prime. الصفقة خاضعة للموافقات اللازمة، بما في ذلك الموافقة المضادّة للاحتكار المكسيكية, ومن المتوقع أن تُغلق في الربع الرابع من 2025 إذا تم تلبية الشروط أو تم التنازل عنها. بعد الإغلاق، من المتوقع أن تُدرج أسهم Prime في بورصة تورنتو، وOTCQX وفرانكفورت، وسيقدم Prime بطلب لإيقاف كونه مُصدرًا للإبلاغ وفق قوانين الأوراق المالية الكندية. مزيد من التفاصيل في النشرة الإدارية ل Prime المؤرخة 25 أغسطس 2025، على SEDAR+ وموقع Prime على الويب.
Prime Mining (OTCQX: PRMNF)宣布，不列颠哥伦比亚省最高法院已就其与 Torex Gold 的 并购安排计划作出最终命令。根据该安排，Torex 将收购 Prime 发行在外的所有股份，Prime 股东将获得每股 Prime 换取 0.060 股 Torex 普通股。该交易需获得必要批准，包括 墨西哥反垄断批准，如条件得到满足或被放弃，预计在 2025 年第四季度完成。完成后，Prime 股票预计将从多伦多证券交易所、OTCQX 和法兰克福证交所退市，Prime 将申请停止作为加拿大证券法下的披露主体。更多细节请参阅 Prime 于 2025 年 8 月 25 日发布的管理信息通函，见 SEDAR+ 和 Prime 官方网站。
- Torex to acquire 100% of Prime shares
- Share consideration: 0.060 Torex share per Prime share
- Transaction expected to close Q4 2025 (subject to approvals)
- Prime shares expected to be delisted from three exchanges
- Mexican antitrust clearance required before closing
- Company will apply to cease reporting issuer status post-closing
VANCOUVER, British Columbia, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is pleased to announce that the Supreme Court of British Columbia has granted the final order in connection with the Company's plan of arrangement (the "Arrangement") with Torex Gold Resources Inc. ("Torex"), whereby Torex will, among other things, acquire all of the issued and outstanding common shares of the Company (the “Prime Shares”). Pursuant to the Arrangement, shareholders of Prime (“Shareholders”) will receive 0.060 of a common share of Torex for each Prime Share held.
Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions, including clearance under Mexican antitrust laws, the Arrangement is expected to close in Q4 2025. Following the closing of the Arrangement, Prime Shares are expected to be delisted from the Toronto Stock Exchange, the OTCQX and the Frankfurt Stock Exchange (the “De-Listing”) Following the De-Listing, an application will be made for the Company to cease to be a reporting issuer under applicable Canadian securities laws.
For a more detailed description of the Arrangement, please refer to Prime's management information circular dated August 25, 2025 (the “Circular”), available on SEDAR+ at www.sedarplus.ca and on Prime’s website at www.primeminingcorp.ca.
About Prime Mining
Prime is managed by an ideal mix of successful mining executives, strong capital markets personnel and experienced local operators all focused on unlocking the full potential of the Los Reyes Project. The Company has a well-planned capital structure with a strong management team and insider ownership.
For further information, please visit https://www.primeminingcorp.ca/ or direct enquiries to:
Scott Hicks
CEO & Director
Indi Gopinathan
VP Capital Markets & Business Development
Prime Mining Corp.
710 – 1030 West Georgia St.
Vancouver, BC V6E 2Y3 Canada
+1(604) 238-1659
info@primeminingcorp.ca
Forward Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities legislation as may be amended from time to time, including, without limitation, statements regarding the consummation and anticipated timing of the Arrangement, the satisfaction or waiver of the conditions precedent to the Arrangement, the receipt of required approvals, the Company’s plans to delist and cease to be a reporting issuer and the expected timing of closing of the Arrangement. Forward-looking statements are statements that are not historical facts which address events, results, outcomes, or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve several risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding the price of gold, silver and copper; the accuracy of mineral resource estimations; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained, including concession renewals and permitting; that political and legal developments will be consistent with current expectations; that currency and exchange rates will be consistent with current levels; and that there will be no significant disruptions affecting the Company or its properties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: risks related to the receipt of required regulatory approvals and the satisfaction or waiver of conditions precedent to the Arrangement, risks that the closing of the Arrangement might be delayed or not occur at all, risks related to uncertainties inherent in the preparation of mineral resource estimates, including but not limited to changes to the cost assumptions, variations in quantity of mineralized material, grade or recovery rates, changes to geotechnical or hydrogeological considerations, failure of plant, equipment or processes, changes to availability of power or the power rates, ability to maintain social license, changes to interest or tax rates, changes in project parameters, delays and costs inherent to consulting and accommodating rights of local communities, environmental risks, title risks, including concession renewal, commodity price and exchange rate fluctuations, risks relating to future pandemics, delays in or failure to receive access agreements, on-going receipt of amended and/or operating permits, risks inherent in the estimation of mineral resources; and risks associated with executing the Company’s objectives and strategies, including costs and expenses, physical access to the property, security risks, availability of contractors and skilled labour, as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis, its annual information form dated March 28, 2025, as well as the Circular, available on www.sedarplus.ca. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
FAQ
What did Prime Mining (PRMNF) announce on October 3, 2025?
What consideration will Prime shareholders receive in the Torex acquisition?
When is the Prime-Torex Arrangement expected to close and what conditions apply?
Will Prime Mining (PRMNF) remain listed after the Torex transaction closes?
What regulatory clearance is specifically mentioned as required for the deal to close?
Where can investors find the detailed terms of the Arrangement for PRMNF?
