Prime Mining Securityholders Approve Transaction with Torex Gold
Prime Mining (OTCQX:PRMNF) announced that its securityholders have overwhelmingly approved the plan of arrangement for the company's acquisition by Torex Gold Resources. The special resolution received 99.991% approval across all voting categories, including shareholders and holders of various securities.
The transaction, expected to close in Q4 2025, remains subject to regulatory approvals, including TSX approval and Mexican antitrust clearance. The arrangement will result in Torex acquiring all issued and outstanding shares of Prime Mining.
Prime Mining (OTCQX:PRMNF) ha annunciato che i suoi azionisti hanno approvato a largha maggioranza il piano di accordo per l'acquisizione della società da parte di Torex Gold Resources. La risoluzione speciale ha ottenuto il 99,991% di approvazione in tutte le categorie di voto, inclusi azionisti e detentori di vari strumenti finanziari.
L'operazione, prevista per chiudersi nel Q4 2025, resta soggetta ad approvazioni regolamentari, inclusa l'approvazione TSX e l'autorizzazione antitrust messicana. L'accordo porterà Torex ad acquisire tutte le azioni emesse e in circolazione di Prime Mining.
Prime Mining (OTCQX:PRMNF) anunció que sus accionistas aprobaron por amplia mayoría el plan de acuerdo para la adquisición de la empresa por parte de Torex Gold Resources. La resolución especial recibió un 99,991% de aprobación en todas las categorías de voto, incluyendo accionistas y tenedores de diversos valores.
La transacción, que se espera cierre en el cuarto trimestre de 2025, continúa sujeta a aprobaciones regulatorias, incluida la aprobación de TSX y la autorización antimonopolio mexicana. El acuerdo resultará en que Torex adquiera todas las acciones emitidas y en circulación de Prime Mining.
Prime Mining (OTCQX:PRMNF)는 회사의 보통주 보유자들이 Torex Gold Resources에 의한 회사 인수 계획을 압도적으로 승인했다고 발표했습니다. 특별 결의안은 주주 및 다양한 증권 보유자를 포함한 모든 표결 항목에서 99.991%의 승인을 받았습니다.
거래는 2025년 4분기에 마감될 것으로 예상되며, TSX 승인 및 멕시코 반독점 승인 등 규제 승인이 남아 있습니다. 이 합병으로 Torex는 Prime Mining의 모든 발행 및 유통 주식을 인수하게 됩니다.
Prime Mining (OTCQX:PRMNF) a annoncé que ses administrateurs et ses actionnaires ont massivement approuvé le plan d'arrangement en vue de l'acquisition de la société par Torex Gold Resources. La résolution spéciale a reçu 99,991% d'approbation dans toutes les catégories de vote, y compris les actionnaires et les détenteurs de divers titres.
La transaction, qui devrait être finalisée au 4e trimestre 2025, reste soumise à des approvals réglementaires, notamment l'approbation TSX et l'autorisation antitrust mexicaine. L'accord entraînera Torex à acquérir toutes les actions émises et en circulation de Prime Mining.
Prime Mining (OTCQX:PRMNF) gab bekannt, dass die Sicherheitsinhaber den Plan zur Übernahme durch Torex Gold Resources überwältigend genehmigt haben. Die Sonderresolution erhielt 99,991% Zustimmung in allen Abstimmungsarten, einschließlich Aktionären und Inhabern verschiedener Wertpapiere.
Die Transaktion, die voraussichtlich im 4. Quartal 2025 abgeschlossen wird, bleibt regulatorischen Genehmigungen vorbehalten, einschließlich der TSX-Genehmigung und der mexikanischen Kartellaufsicht. Die Vereinbarung wird Torex dazu berechtigen, alle ausgegebenen und ausstehenden Aktien von Prime Mining zu übernehmen.
Prime Mining (OTCQX:PRMNF) أعلنت أن حملة المساهمين وافقت بغالبية ساحقة على خطة الترتيب لاستحواذ Torex Gold Resources على الشركة. وقد حازت القرار الخاص على 99.991٪ موافقة عبر جميع فئات التصويت، بما في ذلك المساهمون وحاملو الأوراق المالية المختلفة.
ومن المتوقع إغلاق الصفقة في الربع الرابع من 2025، وتظل خاضعة للموافقات التنظيمية، بما فيها موافقة TSX وتفتيش مكافحة الاحتكار المكسيكي. ستؤدي الصفقة إلى استحواذ Torex على جميع الأسهم المصدرة والقابلة للتداول من Prime Mining.
Prime Mining (OTCQX:PRMNF)宣布，其股东已就公司被 Torex Gold Resources 收购的并购方案投票通过，结果呈压倒性多数。在所有投票类别中，特别决议获得了 99.991% 的通过，包括股东及各种证券的持有者。
交易预计将于 2025年第四季度 完成，仍需监管机构批准，包括 TSX 批准和墨西哥反垄断批准。该安排将导致 Torex 收购 Prime Mining 的全部已发行在外股票。
- Overwhelming shareholder approval with 99.991% votes in favor
- Strategic acquisition by established mining company Torex Gold
- Transaction expected to close in near-term (Q4 2025)
- Transaction still subject to regulatory approvals and closing conditions
- Loss of independence for Prime Mining shareholders
VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) announces that the Company's securityholders have approved the 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”). The vote was passed at Prime's special meeting of securityholders (the "Meeting") held earlier today.
The special resolution approving the Arrangement was approved by (i) 99.991 % of the votes cast by the shareholders of Prime (the “Shareholders”); (ii) 99.991 % of the votes cast by the Shareholders and the holders of options to acquire Prime Shares, restricted share units, deferred share units and warrants to purchase Prime Shares, voting together as a single class; and (iii)
Shareholders of Torex are not required to vote on the Arrangement.
The closing of the Arrangement is expected to occur in Q4 2025. In addition to securityholder and court approvals, the Arrangement is subject to applicable regulatory approvals (including approvals of the TSX and clearance under Mexican antitrust laws) and the satisfaction of certain other closing conditions customary for a transaction of this nature. The report of voting results will be available under the Company's profile on SEDAR+ at www.sedarplus.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 court and regulatory approvals 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 court and regulatory approvals and the satisfaction or waiver of conditions precedent to the Arrangement, 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 COVID-19 and other 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 management information circular filed in connection with the Meeting, 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 percentage of Prime Mining shareholders approved the Torex Gold acquisition?
When is the Prime Mining (PRMNF) and Torex Gold merger expected to close?
What regulatory approvals are needed for the Prime Mining acquisition?
Do Torex Gold shareholders need to vote on the Prime Mining acquisition?
What securities are included in the Prime Mining arrangement with Torex?
