Prime Mining and Torex Gold Complete Major Shareholder Arrangement

Author: Dylan Bailey Updated: 10-22-2025 08:16 AM

Completion of Arrangement with Torex Gold

Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF) has officially completed its arrangement with Torex Gold Resources Inc. This strategic move outlines a significant milestone for Prime Mining as Torex acquires all outstanding shares of the Company. This development marks a new chapter in Prime Mining's journey, uniting two key players in the mining sector.

Details of the Shareholder Agreement

Under the terms of this arrangement, shareholders of Prime have the exciting opportunity to receive a common share of Torex for every 0.060 Prime Share they hold. This was seen as beneficial for the shareholders as they now engage with a more established company with substantial resources.

Delisting from Major Exchanges

With this transition, Prime Shares are set to be delisted from the Toronto Stock Exchange, the OTCQX, and the Frankfurt Stock Exchange. The delisting signifies a consolidation of resources and will allow shareholders to focus on their participation in Torex, which has a prominent standing in the industry.

What to Expect Next

For shareholders looking to claim their consideration, it is essential to refer to Prime’s management information circular for instructions on how to proceed. Registered shareholders will need to complete the necessary documentation and return their share certificates or the applicable DRS Advice to Computershare Investor Services Inc.

Prime Mining's Future Prospects

Prime Mining operates with a talented roster of mining executives seasoned in capital markets. The company is determined to unlock the potential of the Los Reyes Project and to leverage the benefits that come with this arrangement, fostering a promising outlook in an ever-evolving mining landscape.

Contact Information for Shareholders

If shareholders have questions regarding the arrangement, they are encouraged to reach out to the Depositary for assistance. Telephone support is available for both domestic and international inquiries, ensuring that every shareholder can access the information they need.

Frequently Asked Questions

What is the arrangement between Prime Mining and Torex Gold?

The arrangement involves Torex acquiring all outstanding shares of Prime Mining, offering shareholders shares of Torex in exchange.

How much will shareholders receive from the arrangement?

Shareholders will receive 0.060 of a common share of Torex for each Prime Share they own.

Will Prime Mining continue to trade on stock exchanges?

No, Prime Mining shares will be delisted from the Toronto Stock Exchange, OTCQX, and Frankfurt Stock Exchange post-arrangement.

What should shareholders do next?

Shareholders should consult the management information circular and follow the instructions for claiming their shares from Torex.

How can shareholders contact the Depositary?

Shareholders can contact the Depositary by phone or email provided in the announcement for any queries about the arrangement.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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