Under the Arrangement, Shareholders will receive 0.006776 of a Hudbay common share for each Rockcliff common share held.
The Meeting is scheduled to be held in person at
In connection with the Arrangement, all of the directors and senior officers of Rockcliff as well as
The record date for determining the Shareholders entitled to receive notice of and vote at the Meeting has been fixed as at the close of business (
Receipt of Interim Order
Rockcliff also announced today that, on
Subject to the receipt of the requisite approval of Shareholders, the final approval of the Arrangement by the Court and the satisfaction of other customary conditions (including receipt of all applicable stock exchange approvals), the Arrangement is expected to close in
About Rockcliff
Rockcliff is a Canadian exploration and resource development company with several advanced-stage, high-grade VMS copper-zinc dominant deposits in the
Forward-Looking Information
This release contains certain 'forward looking statements' and certain 'forward-looking information' as 'defined under applicable Canadian and
Forward-looking statements relate to future events or future performance and reflect Rockcliff's expectations or beliefs regarding future events. Forward-looking statements include, but are not limited to statements with respect to the consummation and timing of the Arrangement; approval of the Arrangement by Rockcliff's shareholders; the satisfaction of the conditions precedent to the Arrangement; expectations regarding the timing, receipt and anticipated effects of court approval and other consents and approvals (including receipt of all applicable stock exchange approvals) and the impact of the Arrangement on Rockcliff, Hudbay and their respective shareholders and other stakeholders. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, amongst others, risks related to failure to receive approval by Rockcliff shareholders, the required court and other consents and approvals required to effect the Arrangement, the potential of a third party making a superior proposal and the possibility that the Arrangement Agreement could be terminated under certain circumstances.
Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Such factors, among other things, include: business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of copper or certain other commodities; change in national and local governments, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities) and title to properties.
Rockcliff undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on the information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward- looking statements or information.
Contact:
Rockcliff
Tel: (647) 678-3879
Email: ken@rockcliffmetals.com
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