TSX VENTURE COMPANIES
ADANAC MOLYBDENUM CORPORATION ("AUA")
BULLETIN TYPE: Plan of Arrangement- Delist
BULLETIN DATE: December 16, 2015
TSX Venture Tier 2 Company
Effective at the close of business on Wednesday, December 16, 2015, the common shares of Adanac Molybdenum Corp. ("Adanac") will be delisted from TSX Venture Exchange. The delisting of Adanac shares results from a Plan of Arrangement (the "Arrangement"), dated October 13, 2015, between Adanac and WBOX 2015-4 Ltd. ("WBOX"), whereby WBOX has acquired 100% of Adanac's issued and outstanding common shares, other than the Adanac shares owned by affiliates of WBOX, for $350,000 (the "Purchase Price").
Pursuant to the Arrangement, Adanac has also distributed $4.27 million in cash to Adanac shareholders as a return of capital (the "Distribution"). The Purchase Price and Distribution will be delivered to Adanac shareholders on a pro-rata basis by Computershare Trust Company of Canada. On a combined basis, the Purchase Price and Distribution represent a cash consideration of approximately $0.1837 per Adanac share, subject to exception in the case of WBOX affiliates, which will only receive approximately $0.1677 per Adanac share.
For further details, please refer to the Company's Information Circular dated November 6, 2015 and news releases dated October 13, 2015 and December 15, 2015.
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