MISSION GOLD LTD ("MGL")("MGL.WT")("MGL.WT.A")
BULLETIN TYPE: Delist, Plan of Arrangement-Warrant Expiry-Delist
BULLETIN DATE: December 24, 2015
TSX Venture Tier 2 Company
Plan of Arrangement
Pursuant to special resolutions passed by the shareholders and warrantholders of Mission Gold Ltd (the 'Company') on December 21, 2015, the Company and Northern Dynasty Minerals Ltd ('Northern Dynasty') have completed a plan of arrangement (the "Arrangement") under Section 288 of the Business Corporations Act (British Columbia). The Arrangement was completed effective 12:01a.m., December 24, 2015, and has resulted in Northern Dynasty acquiring all the issued and outstanding securities of the Company.
Under the Arrangement, each outstanding common share of the Company (each a "Mission Gold Share") has been exchanged for 0.5467 of a Northern Dynasty common share (each whole common share, a "Northern Dynasty Share"). The outstanding Mission Gold warrants were exchanged for replacement warrants to purchase Northern Dynasty Shares on the basis of one replacement warrant for each whole Mission Gold Share which the Mission Gold warrants are exercisable to acquire, at an exercise price per Northern Dynasty Share equal to 110% of the exercise price of the Mission Gold warrant. Each replacement warrant has the same expiry date as the original Mission Gold warrant.
Delist
Effective at the close of business Thursday, December 24, 2015, the Mission Gold Shares and Warrants will be delisted from TSX Venture Exchange at the request of the Company.
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