Miramont Files Information Circular in Connection with Kuya Transaction and Provides Credit Facility
Miramont Files Information Circular in Connection with Kuya Transaction and Provides Credit Facility
Vancouver, BC — August 21, 2020 — Miramont Resources Corp. (CSE: MONT | OTCQB: MRRMF | FRA: 6MR)
(“Miramont” or the "Company") is pleased to announce that its Management Information Circular dated
August 10, 2020 (the “Circular”) prepared in respect of Miramont’s proposed acquisition of all of the issued
and outstanding shares of Kuya Silver Corp. ("Kuya") in exchange for shares of the Company (the
"Transaction") as set forth in a press release dated June 11, 2020, has been filed with applicable Canadian
securities regulators and is available under Miramont’s corporate profile at www.sedar.com. The Transaction
will constitute a "Fundamental Change" of the Company as defined by Canadian Securities Exchange (“CSE”)
policies.
The Company also announces that in connection with the Transaction, it has entered into a letter agreement
with Kuya, pursuant to which Miramont has offered a credit facility in favour of Kuya, with a principal amount
of CDN$500,000 (the “Facility”). Kuya may only use the proceeds of the Facility: (i) to fulfill the terms of its
existing share purchase agreement for the Bethania project; (ii) to repay certain shareholder loans; and (iii)
for other general corporate purposes of Kuya. The Facility will bear interest at a rate of 8% per annum and
is to be repaid at the earlier of (i) closing of the Transaction and (ii) January 19, 2021.
The Transaction is subject to a number of conditions precedent including, without limitation, receipt of all
required corporate and regulatory approvals (including shareholder approval and the approval of the CSE).
Trading in the common shares of the Company will remain halted pending the satisfaction of all applicable
requirements of the CSE. Miramont will issue a news release as soon as further details are available regarding
the resumption of trading. There can be no assurance that trading in the common shares will resume prior
to the completion of the Transaction.
On behalf of the Board of Directors,
MIRAMONT RESOURCES CORP.
"Quinton Hennigh"
Quinton Hennigh, Executive Chairman
For more information, please contact the Company at:
Telephone: (604) 398‐4493
Facsimile: (604) 815‐0770
www.miramontresources.com
Reader Advisory
This news release contains forward‐looking statements and forward‐looking information within the meaning
of applicable securities laws. These statements relate to future events or future performance. All statements
other than statements of historical fact may be forward‐looking statements or information. More particularly
and without limitation, this news release contains forward‐looking statements and information relating to
the closing of the Transaction, the conditions to completing the Transaction, timing and receipt of regulatory
and exchange approvals, and other matters. The forward‐looking statements and information are based on
certain key expectations and assumptions made by management of the Company. As a result, there can be
no assurance that the proposed Transaction will be completed as proposed or at all. Although management
of the Company believes that the expectations and assumptions on which such forward‐looking statements
and information are based are reasonable, undue reliance should not be placed on the forward‐looking
statements and information since no assurance can be given that they will prove to be correct.
Forward‐looking statements and information are provided for the purpose of providing information about the
current expectations and plans of management of the Company relating to the future. Readers are cautioned
that reliance on such statements and information may not be appropriate for other purposes, such as making
investment decisions. The forward‐looking statements in this press release include the Company's intentions
regarding the completion of the Transaction. Since forward‐looking statements and information address
future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results
could differ materially from those currently anticipated due to a number of factors and risks. These include,
but are not limited to, the Company's ability to continue operations if the Transaction is not completed, the
Company's ability to raise further capital, the Company's ability to obtain regulatory and exchange approvals,
and the Company's ability to complete the Transaction. Accordingly, readers should not place undue reliance
on the forward‐looking statements and information contained in this news release. Readers are cautioned
that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained
in this news release are made as of the date hereof and no undertaking is given to update publicly or revise
any forward‐looking statements or information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws. The forward‐looking statements or information
contained in this news release are expressly qualified by this cautionary statement.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this
release.