TORONTO, ONTARIO–(Marketwired
– Feb. 27, 2014) –
or the “Company”)
Gold Corp.
announce the positive results of their respective shareholder votes to approve
the previously announced plan of arrangement (“Arrangement”), whereby
Primero will acquire all of the outstanding common shares of Brigus. The
acquisition is expected to close on March 5, 2014. Brigus’
principal assets are the wholly owned Black Fox mine and mill, and adjoining
properties, Grey Fox and Pike River in the Timmins Gold District
of
99.90% of the shares
represented at Primero’s special shareholders’ meeting held earlier today were
voted in favour of a special resolution authorizing the issuance of Primero
common shares pursuant to the Arrangement.
99.08% of the shares
represented at Brigus’ special shareholders’ meeting held earlier today voted
in favour of the Arrangement. Brigus shareholders will receive 0.175 of a
Primero common share, cash consideration of $0.000001, and 0.1
of a common share in the capital of a newly incorporated company, Fortune
Bay Corp., which will own Brigus’ non-
assets, for each Brigus share owned.
About Primero
Mining Corp.
of the
gold-silver mine and 100% of the Cerro del Gallo gold-silver-copper development
project in
Primero offers immediate exposure to un-hedged, low cash cost gold production
with a substantial resource base in a politically stable jurisdiction. The
Company has intentions to become an intermediate gold producer by building a
portfolio of high quality, low cost precious metals assets in the
Primero’s website is www.primeromining.com.
About Brigus
Brigus is a growing gold
producer committed to maximizing shareholder value through a strategy of
efficient production, targeted exploration and select acquisitions. Brigus
operates the wholly owned Black Fox Mine and Mill in the Timmins
Gold District of
Canada
Fox Mine and adjoining properties in the Township of Black
River-Matheson,
Brigus also owns the Goldfields Project located near
City, Saskatchewan, Canada
deposits. In the
Republic
interests in three mineral exploration projects. In
Brigus owns the Ixhuatan Project located in the state of
Additional information
about Brigus and its projects is available on the Brigus website at www.brigusgold.com and on SEDAR.
Contact Information:
VP, Investor Relations
(416) 814 3168
[email protected]
www.primeromining.com
Brigus Gold Corp.
Morgan Tyghe
Director of Investor Relations
(416) 214 9867
[email protected]
www.brigusgold.com
