Robex Resources Inc. Encourages Shareholders to Vote
The Board of Directors of Robex Resources Inc. enthusiastically encourages shareholders to vote in favor of the Arrangement Resolution associated with the proposed plan of arrangement with Predictive Discovery Limited. Every vote is significant, regardless of the number of shares held.
Importance of Voting for Shareholders
Your participation in this voting process is vital. Robex shareholders who have inquiries or require assistance with their voting options can reach out to Robex's proxy solicitation service, Laurel Hill Advisory Group, for guidance. They can be easily contacted via telephone at 1-877-452-7184 for North American shareholders, or at 1-800-861-409 for CDI holders in Australia.
Management Circular Now Available
Robex Resources Inc. has officially filed its management information circular and accompanying materials for an upcoming special meeting of registered and beneficial holders of common shares. This meeting will be conducted virtually through a live video stream, providing an effective platform for shareholders to engage on important matters. It will take place on a date still to be confirmed, at a time to accommodate both Eastern Time and Australian Western Standard Time. Shareholders are encouraged to pre-register for the meeting to ensure they can actively participate and vote.
Details About the Arrangement
During the meeting, shareholders will review and vote on a special resolution to approve a statutory plan of arrangement. This arrangement aims to consolidate the resources and expertise of Robex and Predictive Discovery Limited. Following this arrangement, Predictive’s wholly-owned subsidiary will acquire all of Robex's outstanding shares. In return, shareholders will receive a specified number of shares in Predictive for each Robex share owned. Shareholders can anticipate receiving 8.667 Predictive Shares for every Robex Share held
Voting Requirements for the Arrangement
The successful execution of this arrangement is contingent upon securing at least two-thirds of the votes cast by Robex shareholders at the meeting. The voting support agreement signifies unity among directors and senior officers, representing approximately 25.5% of the outstanding shares, who will support the arrangement.
Reasons Behind the Board’s Recommendation
The Robex Board has assessed the benefits of the arrangement and is confident that it serves the best interests of the corporation and its shareholders. Significant factors taken into consideration include:
- Expansion and Leading Market Position: The arrangement facilitates the merging of two major gold projects, boosting their competitiveness and financial capacity.
- Enhanced Cash Flow Utilization: The arrangement allows leveraging of cash flows from ongoing projects to potentially support the Bankan Project's development, enhancing overall project viability.
- Strengthened Management Team: A well-rounded management team with significant experience in mining operations will drive growth and improve operating efficiency.
- Significant Upside Potential: The consolidated projects create opportunities for improved exploration strategies and asset optimization.
- Improved Investor Appeal: A larger, multi-asset company is poised to attract more investors, potentially enhancing share value significantly.
- Fairness-Backed Decisions: The Board has received fairness opinions from several financial advisory firms confirming the financial advisability of this arrangement for shareholders.
Voting Process Explained
Shareholders should act promptly to vote well ahead of the set deadline. Voters must ensure that their proxies are submitted by the cut-off time to participate in the decision-making process confidently. This step paves the way for ensuring their voices are heard in this critical initiative.
Shareholder Assistance and Contact Information
For any lingering questions regarding the circular or the voting process, shareholders are encouraged to reach out to the proxy solicitation expert, Laurel Hill Advisory Group, for guidance.
Robex Resources Inc. Contacts
Matthew Wilcox, Managing Director and CEO
Alain William, Chief Financial Officer
For assistance, reach out via email at investor@robexgold.com.
Frequently Asked Questions
What is the purpose of the special meeting?
The special meeting aims to discuss and vote on the proposed arrangement with Predictive Discovery Limited and its implications for Robex shareholders.
How many votes are needed to approve the arrangement?
At least two-thirds of the votes cast by shareholders present at the meeting must be in favor for the arrangement to be approved.
What will shareholders receive in exchange for their Robex shares?
For each Robex share held, shareholders will receive approximately 8.667 Predictive Shares upon completion of the arrangement.
What are the voting deadlines?
Shareholders should vote well in advance of the meeting, with a proxy voting deadline set for 5:00 PM Eastern Time on a specified date.
Who can shareholders contact for assistance?
Shareholders can contact Laurel Hill Advisory Group via phone or email for any questions regarding the voting process and the circular.
