Purchases under the ASPP will be determined by the broker in its sole discretion, without consultation with Minto, having regard to the price limitation and aggregate purchase limitation and other terms of the ASPP and the rules of the TSXV. The ASPP allow shares of Minto to be purchased at times when the Significant Shareholder would otherwise be prohibited from doing so pursuant to securities laws and Minto's internal trading policies (collectively, "Blackout Periods"). Pursuant to the ASPP, the Significant Shareholder may not vary, suspend or terminate the plans more than once each calendar quarter during the term and such variation, suspension or termination must occur outside of a Blackout Period.
Lion Point manages
Under the ASPP, insiders are not permitted to exercise any further discretion or influence over how, when or whether the purchase of shares of Minto will occur. An ASPP can only be established when the insider participating in the plan is not in possession of material non-public information.
Transactions under the ASPP will be reported on SEDI in accordance with applicable Canadian securties laws.
Minto operates the producing Minto mine located within the traditional territory of the Selkirk First Nation in the Minto Copper Belt of the
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates, and projections as of the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "anticipated" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might " or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements include those related to proposed purchases under the ASPP.
Forward-looking statements are necessarily based upon a number of material factors and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors, which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such material factors and assumptions include, but are not limited to that shares will be available for purchase in accordance with the terms of the ASPP.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. The statements in this news release are made as of the date of this release.
Neither the
Contact Information:
For further information:
Director, Investor Relations
info@mintometals.com
604 759 4666
SOURCE
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