(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - October 6, 2023 (TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt:X6C)– Newrange Gold Corp. (" Newrange " or the “ Company ") ispleased to announce that, at the Annual General and Special Meeting ofShareholders held virtually on Thursday, October 5, 2023, shareholdersvoted overwhelmingly in favour of all items to be voted upon,including the proposed merger with ASX-listed Mithril ResourcesLimited.
Of the 37,753,820 shares issued and outstanding,11,946,974 shares, or 31.64% were voted at the meeting and all matterswere passed with more than 99% in favour. On the previouslyannounced transaction ( Newrange News Release of May 25,2023 ) whereby Newrange will acquire 100% ofthe issued share capital of Mithril Resources Limited (“ Mithril ”) in afriendly business combination, shareholders voted 99.91% in favour. The arm’s length transaction is being completed via a SchemeImplementation Deed (the “ Scheme ”) and will be classified as a ReverseTake Over (the “ RTO” ) under the TSX Venture Exchange RTOPolicy 5.2. Newrange will remain as the resulting Tier 2 miningissuer, to be renamed Pinnacle Silver and Gold Corp., and Mithril willbe de-listed from the ASX. Details of the RTO are outlined in theInformation Circular and the Scheme Booklet, both of which areavailable on the Newrange website here . Allcomponents of the RTO are subject to final TSXV approvaland the Company notes that until all conditionsprecedent have been satisfied, there is no certainty that the Schemewill proceed.
ABOUT NEWRANGE
Newrange is anexploration company listed on the TSXV, with a focus on district-scaleexploration for precious metals in the prolific Red Lake District ofnorth-western Ontario, Canada. The past-producing high-grade ArgosyGold Mine is open to depth, while the adjacent North Birch Projectoffers additional discovery potential. Furtherinformation can be found on our website at www.newrangegold.com .
Signed: “Robert Archer”
President & CEO
Forfurther information contact :
Email: info@newrangegold.com
Tel.: +1 (877) 271-5886 ext. 110
Website: www.newrangegold.com
Neither the TSXVenture Exchange nor the Investment Industry Regulatory Organizationof Canada accepts responsibility for the adequacy or accuracy of thisrelease .
Forward-LookingStatement:
Some of the statements in this newsrelease contain forward-looking information that involves inherentrisk and uncertainty affecting the business of Newrange Gold Corp.Actual results may differ materially from those currently anticipatedin such statements.
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