O3 MINING INC. ("OIII")
ALEXANDRIA MINERALS CORPORATION ("AZX")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: August 1, 2019
TSX Venture Tier 2 Companies
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an arrangement agreement between Chantrell Ventures Corp (subsequently renamed O3 Mining Inc.) ("O3") and Alexandria Minerals Corporation ("Alexandria") dated May 14, 2019, as amended by agreement dated June 26, 2019 (the "Agreement"). Pursuant to the Agreement, O3 agreed to acquire all of the issued and outstanding common shares of Alexandria by way of a plan of arrangement under section 192 of the Canada Business Corporations Act (the "Transaction"). Under the Agreement, each Alexandria shareholder was entitled to receive 0.018041 of a common share of O3 for each common share of Alexandria held, resulting in the issuance of 9,557,956 common shares of O3. Existing warrants of Alexandria will become exercisable into O3 common shares based on the exchange ratio in accordance with their existing terms and O3 will issue replacement options to the current holders of Alexandria options based on the exchange ratio.
The Exchange has been advised that approval of the Transaction by the Alexandria shareholders was received at a special meeting of shareholders held on July 26, 2019 and that approval of the Transaction was received from the Ontario Court of Justice on July 31, 2019. The Transaction completed on August 1, 2019. The full particulars of the Transaction are set forth in the Management Information Circular of Alexandria, dated as of May 27, 2019, as amended by the material change report of Alexandria dated June 27, 2019 which are available under the Alexandria profile on SEDAR.
For further information, refer to the joint news release of O3 and Alexandria dated August 1, 2019, which is available under their respective profiles on SEDAR.
Delisting:
In conjunction with the closing of the Transaction, Alexandria has requested that its common shares be delisted. Accordingly, effective at the close of business, Friday, August 2, 2019 the common shares of Alexandria will be delisted from the Exchange.
Insider / Pro Group Participation: None. Prior to the closing of the Transaction O3 and Alexandria were at arm's length.
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