Sailfish Royalty Shareholders Approve Stream Restructuring TORTOLA, British Virgin Islands ,
Sailfish Royalty Shareholders Approve Stream
Restructuring
TORTOLA,
British Virgin Islands
,
Oct. 31, 2018
/CNW/ - Sailfish Royalty Corp. (TSX-V: FISH) (the
"Company" or "Sailfish") is pleased to announce that, at the annual and special meeting of
shareholders of the Company held on
October 30, 2018
(the "Meeting"), shareholders of Sailfish
voted in favor of the restructuring of the Company's gold stream on the San Albino gold project (the
"Stream Restructuring"). Shareholders also approved all of the other matters brought before the
Meeting.
The Stream Restructuring is a condition to the closing of the transaction in which Golden Reign
Resources Ltd. ("Golden Reign") will acquire all of the issued and outstanding shares of Marlin Gold
Mining Ltd. ("Marlin") in exchange for 0.5138 of a Golden Reign common share for each Marlin
common share by way of a court-approved plan of arrangement. In addition, Marlin will distribute an
aggregate of 18,148,654 Golden Reign Shares currently held by Marlin to shareholders of Marlin on
the basis of 0.1022 of a Golden Reign Share for each
Marlin Share
, bringing the total of Golden
Reign Share to be received by the shareholders of Marlin to 0.6160 of a Golden Reign Share for
each
Marlin Share
held.
Approval of the Stream Restructuring required approval by a simple majority of the votes cast by
shareholders present in person or represented by proxy and entitled to vote at the Meeting,
excluding the votes cast by such shareholders that are required to be excluded pursuant to
Multilateral Instrument 61-101 –
Protection of Minority Security Holders in Special Transactions
("MI 61-101").
At the Meeting, approximately 87.22% of the outstanding common shares of Marlin were present in
person or represented by proxy. A total of 29,425,327 votes on the Stream Restructuring were
excluded pursuant to the requirements of MI 61-101. Of the remaining 2,800,977 votes on the
Stream Restructuring, 99.60% voted in favor of the resolution and 0.40% voted against the
resolution.
Further information about the Stream Restructuring is contained in the Company's information
circular, which is available on Sailfish's SEDAR profile at
www.sedar.com
.
About Sailfish
Sailfish is a yield-focused royalty company. Sailfish owns the TZ Royalty, which is a 3.5% royalty on
revenues derived from the sale of gold on Eldorado Gold Corp.'s advanced stage Tocantinzinho gold
project, and also holds a gold stream agreement on the San Albino gold project in
Northern
Nicaragua
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE
Sailfish Royalty Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/October2018/31/c7553.html
%SEDAR: 00044073E
For further information:
Akiba Leisman, Chief Executive Officer, Tel: 203-862-7069, Email:
CO: Sailfish Royalty Corp.
CNW 08:30e 31-OCT-18