Prime Mining Corp Secures Approval for Acquisition Deal

Author: Evelyn Baker Updated: 09-29-2025 07:29 PM

Prime Mining Corp Receives Securityholder Approval

Prime Mining Corp. (TSX: PRYM, OTCQX: PRMNF) is thrilled to announce that its securityholders have given a resounding vote of confidence in approving the planned arrangement with Torex Gold Resources Inc. This arrangement marks an exciting milestone for the company, seeking to enhance its growth and exploration efforts.

Details of the Arrangement

The arrangement will see Torex Gold acquire all of the outstanding common shares of Prime Mining. The results of the vote, which took place during a special meeting of securityholders, were overwhelmingly positive. 99.991% of the votes were in favor, reflecting a strong consensus among the shareholders.

Specific Voting Breakdown

In an impressive show of support, the majority of the votes came not only from shareholders but also included holders of options, restricted share units, and warrants. This unprecedented backing underscores the unity among different classes of stakeholders in the company. There was a notable adherence to regulations, ensuring that votes from specific individuals were excluded as per compliance requirements.

Path to Closing the Arrangement

The anticipated closing of the arrangement is projected for the last quarter of the year. However, before this happens, several conditions need to be fulfilled. These include receiving necessary approvals from the court and relevant regulatory bodies, including the TSX and adherence to anti-trust laws in Mexico.

Company Insights

Prime Mining is dedicated to leveraging its strengths under the strategic guidance of its management team. They are poised to capitalize on the Los Reyes Project, aiming to unlock significant value. This plan is complemented by a robust capital structure and a high level of insider ownership, which enhances its stability.

Management Team

As the business evolves, the leadership remains committed to pushing forward. Scott Hicks, the CEO, together with Indi Gopinathan, the VP of Capital Markets and Business Development, continues to lead Prime Mining through these exciting developments. Their expertise is instrumental in navigating the complexities of the mining industry.

Contact Information

For further inquiries, stakeholders and interested parties can reach out directly 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

Frequently Asked Questions

What was the recent approval about?

Prime Mining Corp secured approval from its securityholders for an arrangement with Torex Gold.

What are the next steps for the arrangement?

The arrangement is expected to close in the fourth quarter of the year, pending court and regulatory approvals.

What percentage of votes supported the arrangement?

99.991% of votes cast by securityholders were in favor of the arrangement.

Who leads Prime Mining Corp?

Scott Hicks serves as the CEO, with Indi Gopinathan as VP of Capital Markets and Business Development.

Where can I find more information about Prime Mining?

More information can be found on the official Prime Mining website and by contacting their support.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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