Prime Mining Corp. Receives Glass Lewis Recommendation on Deal
Prime Mining Corp.'s Positive Endorsement from Proxy Advisory Firm
Prime Mining Corp. is excited to announce a significant milestone for the company as it moves closer to finalizing its plan of arrangement with Torex Gold Resources Inc. The independent proxy advisory firm, Glass Lewis, has recommended that all Prime Securityholders cast their votes in favor of this arrangement. This recommendation highlights the strategic benefits and potential for growth associated with the merger.
Understanding the Recommendation from Glass Lewis
The recommendation from Glass Lewis emphasizes the value of the proposed transaction. They noted that the arrangement strikes a compelling balance between immediate financial benefits and enhanced long-term opportunities for shareholders. Such insights suggest that the collaboration with Torex Gold is poised to offer substantial returns, reinforcing the endorsement for the proposed arrangement.
Strategic Benefits Highlighted
In their detailed report, Glass Lewis pointed out that the deal provides a favorable premium along with solid strategic rationale. This recommendation underscores the prospect of ongoing involvement in Torex's growth and the potential for future value creation. Scott Hicks, CEO of Prime Mining, shared his enthusiasm regarding this endorsement, stating that it reflects the deal's potential to significantly benefit all stakeholders involved.
Voting Instructions and Important Dates
Prime Mining reminds all holders of shares and other securities about the urgency of participating in this critical decision-making process. The proxy voting deadline is set for a specified time, emphasizing the importance of casting votes promptly. The upcoming special meeting for Securityholders has been scheduled, and all eligible participants need to remain alert to ensure their voices are heard.
Importance of Securityholders' Involvement
The involvement of Securityholders is essential as their votes will determine the successful completion of this arrangement. Prime Mining encourages every holder of common shares, options, and other securities to participate actively in the voting process. Online voting, fax, and mail-in options provide various convenient avenues for Securityholders to make their voices count.
Special Meeting Details and Contact Information
Securityholders should note that the special meeting will take place at a designated location. This is an opportunity for every participant to engage with the company's leadership, gather insights, and ask questions regarding the arrangement. For any queries or assistance with the voting process, Prime Mining's contact details are readily available to support Securityholders during this pivotal period.
Getting Assistance with Voting
Should Securityholders have any questions or require help in navigating the voting instructions, they are encouraged to reach out to Prime Mining directly. The company's team is eager to assist and ensure that everyone's voting experience is smooth and efficient. Communication lines are open, providing an avenue for clarity and support during this crucial time.
About Prime Mining Corp.
Prime Mining is renowned for its adept management, showcasing a strong team of mining executives and capital market experts dedicated to unlocking the full potential of their projects. The strategic focus on promising ventures allows Prime Mining to maintain a solid reputation while continuously seeking opportunities for growth and advancement. As the company moves forward, its commitment to transparency and engagement with Securityholders remains a top priority.
Frequently Asked Questions
What is the significance of the Glass Lewis recommendation?
The recommendation serves to assure Securityholders that the arrangement with Torex Gold is advantageous and in their best interest.
When is the proxy voting deadline?
The proxy voting deadline is set for 2:00 PM on a specified Thursday, encouraging timely participation.
Where will the special meeting be held?
The special meeting for Securityholders will occur at a specific location in Vancouver at the designated time.
How can Securityholders cast their votes?
Votes can be cast online, by fax, or through mail, adhering to the instructions on the proxy form provided to Securityholders.
Who should Securityholders contact for assistance with voting?
Securityholders can contact Prime Mining’s office directly for support or any inquiries regarding the voting process.
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