1329300 B.c. Ltd. Announces Shareholder Approval of Arrangement
1329300 B.C. LTD.
1329300 B.C. LTD. ANNOUNCES SHAREHOLDER APPROVAL OF ARRANGEMENT
Vancouver, British Columbia – March 19, 2024 – 1329300 B.C. Ltd. (the “Company”) is pleased to
announce that, further to its press releases of February 6, 2024 and February 26, 2024, the that the special
resolution in connection with the previously announced proposed business combination by way of a plan
of arrangement under Division 5 of Part 9 of the Business Corporations Act (British Columbia)
(the “Arrangement”) involving, the Company, Borealis Mining Company Limited and 1000693081
Ontario Ltd., a wholly- owned subsidiary of the Company, was approved today at the annual general and
special meeting of shareholders of the Company (the “Meeting”).
Shareholder Approvals
At the Meeting, the special resolution approving the Arrangement was approved by 100 % of the
shareholders of the Company present in person or represented by proxy at the Meeting.
Arrangement Update
Completion of the Arrangement remains subject to, among other things, satisfaction of all conditions
precedent to closing the Arrangement, including the final approval of the Supreme Court of British
Columbia. The hearing for the final order of the Supreme Court of British Columbia to approve the
Arrangement is scheduled to take place on or about March 25, 2024 . Assuming that all approvals are
obtained and all conditions precedent are satisfied or waived, the Company currently anticipates the closing
of the Arrangement to occur in April 2024.
About Borealis
Borealis Mining Company Limited is a gold mining and exploration company focused on exploration and
resumption of production of the Borealis Mine in Nevada. The Borealis Mine is a fully permitted minesite,
equipped with active heap leach pads, an ADR facility, and all necessary infrastructure to support a heap
leach gold mining operation. In addition to the mine, the property, comprised of 751 unpatented mining
claims of approximately 20 acres each totalling approximately 15,020 acres and one unpatented mill site
claim of about five acres located in western Nevada, is highly prospective for additional high- sulfidation
gold mineralization. Borealis is led by a strong board and management team, many of whom have founded,
managed, and sold highly successful mining and exploration companies.
For further information, please contact:
Carly Burk
President and Chief Executive Officer
Tel: (416) 361-2517
Completion of the Arrangement is subject to necessary regulatory approvals, court or governmental approvals, authorizations and
consents and approval of the shareholders of the Company and Borealis (as applicable). Where applicable, the Arrangement
cannot close until the required approvals have been obtained. There can be no assurance that the Arrangement will be completed
as proposed or at all.
Investors are cautioned that, except as disclosed in the continuous disclosure document regarding the Arrangement, required t o
be filed with the securities regulatory authorities having jurisdiction over the affairs of the Company, any information released or
received with respect to the Arrangement may not be accurate or complete and should not be relied upon.
Forward-Looking Information
Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future
developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking
information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they
will prove to be correct. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”,
“expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and information. The forward-looking statements and information
in this press rel ease include information relating to: the business plans of the Company and Borealis, Borealis’ management’s
expectation on the growth and performance of its acquisitions, the completion of the Arrangement, the completion of the
Consolidation, and the board of directors and management of the Company upon completion of the Arrangement. Such statements
and information reflect the current view of the Company and/or Borealis, respectively. Risks and uncertainties that may cause
actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause
actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but
not limited to: the potential inability of the Company and Borealis to continue as a going concerns, risks associated with potential
governmental and/or regulatory action with respect to the Company’s and Borealis’ operations, respectively, the potential
unviability of the business plans of the Company and Borealis, respectively, Borealis’ expectation on the growth and performance
of its acquisitions may prove incorrect, failure to complete the Arrangement, failure to complete the Consolidation, the inability of
the Company and Borealis to appoint members of the board of directors and management of the Company upon completion of the
Arrangement. Such statements and information reflect the current view of the Company and/or Borealis, respectively. Risks and
uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and
information The forward-looking information contained in this press release represents the expectations of the Company as of the
date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on
forward-looking information and should not rely upon this information as of any other date. The Company does not undertake to
update this information at any particular time except as required in accordance with applicable laws.