TSX-V: GBRR
Favourable ISS and Glass Lewis Recommendations
ISS and Glass Lewis are leading independent, third-party proxy advisory firms who, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual funds, and other institutional shareholders.
In reaching its conclusion, ISS noted that the Arrangement:
"…should substantially reduce the risks associated with the company continuing to execute on its standalone business plan. The arrangement makes strategic sense as the arrangement removes commodity, construction and execution risk associated with the
In reaching its conclusion, Glass Lewis noted:
"…we believe the Company's strategic review process was sufficiently broad and free of any serious conflicts of interest, given its engagement of independent advisors and formation of a special committee of independent directors. Then, we believe the board's rationale in favor of the transaction is reasonable, as the all-cash consideration represents certain and immediate value at a significant premium to the Company's unaffected share price, whereas continuing as a standalone company holds certain risks related to the success of the
The Meeting will be held at Suite 1020,
Shareholders should closely review the procedures outlined in the management information circular and related meeting materials for the Special Meeting (the "Meeting Materials") to ensure that they are able to cast their vote prior to or at the Special Meeting. The Meeting Materials have been filed by the Company on SEDAR and are available under the Company's profile at www.sedar.com. The Meeting Materials are also available on the Company's website at https://greatbearroyalties.com/special-meeting.
Under the terms of the Transaction, Great Bear Royalties Shareholders will receive all-cash consideration of
Shareholders who have questions or need assistance with voting their Shares should contact
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking information is provided as of the date of this news release and the Company does not intend to and does not assume any obligation to update forward-looking information, except as required by applicable law. For this reason and the reasons set forth below, investors should not place undue reliance on forward looking statements.
Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements and information include, but are not limited to: with respect to the consummation and timing of the Arrangement; approval by
Forward-looking statements are based on a number of material assumptions, which management of the Company believe to be reasonable, including, but not limited to, the continuation of the exploration, development and mining operations from which the Company may purchase precious or other metals or in respect of which the Company may receive royalty payments, that commodity prices will not experience a material adverse change, exploration, development and mining operations that underlie any royalties will operate in accordance with disclosed parameters and such other assumptions as may be set out herein.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results to not be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Readers of this news release should carefully review the risk factors set out in the Company's management discussion and analysis dated
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