TSX VENTURE COMPANIES
AMARILLO GOLD CORPORATION ("AGC")
BULLETIN TYPE: Plan of Arrangement-, Remain Halted, Delist
BULLETIN DATE: April 5, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an arrangement agreement between Hochschild Mining PLC ("Hochschild") and Amarillo Gold Corporation ("Amarillo") dated November 29, 2021 (the "Agreement"). Pursuant to the Agreement, Hochschild acquired all of the issued and outstanding common shares of Amarillo by way of a plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the "Transaction"). Under the Agreement, each Amarillo shareholder is entitled to receive (i) cash consideration of C$0.40, and (ii) one (1) common share of a new Brazil-focused exploration company, Lavras Gold Corp. (the "SpinCo "), for each common share of Amarillo held.
Prior to the closing of the Transaction, Hochschild and Amarillo were arm's length.
The Exchange has been advised that approval of the Transaction by Amarillo shareholders was received at a special meeting of shareholders held on March 01, 2022 and that approval of the Transaction was received from the Supreme Court of British Columbia on March 04, 2022. The Transaction was completed on April 01, 2022.
Delisting:
Effective at the close of business on Wednesday, April 06, 2022, the common shares of Amarillo will be delisted from TSX Venture Exchange. The full particulars of the Transaction are set forth in the Management Information Circular of Amarillo, dated as of January 27, 2022, which is available under the Amarillo profile on SEDAR.
For further details, please refer to Amarillo's Management Information Circular dated January 27, 2022 and news releases dated between November 29, 2021 and April 01, 2022.
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