HUNT Mining Corp. Announces Results of the Shareholder Meetings of Patagonia GOLD Plc
HUNT MINING CORP. ANNOUNCES RESULTS OF
THE SHAREHOLDER MEETINGS OF
PATAGONIA GOLD PLC
July 12, 2019 – Hunt Mining Corp. (“Hunt” or the “Company”) is pleased to announce that at the meetings
of the shareholders of Patagonia Gold PLC (“ Patagonia”) held earlier today in connection with the
recommended share for share exchange offer (the “Offer”) by Hunt for the entire issued and to be issued
share capital of Patagonia, all resolutions were duly passed by the requisite majorities.
Completion of the Offer remains subject to the satisfaction or waiver of the other conditions set out in the
Scheme Document mailed to the shareholders of Patagonia, including the sanction of the Scheme by the
court and the delivery of a copy of the court order to the Registrar of Companies.
It is currently expected that the Court Hearing to sanction the Scheme will take place on 19 July 2019.
Subject to the Scheme receiving the sanction of the Court and the satisfaction or waiver of the other
Conditions, the Scheme is expected to become effective on 22 July 2019.
The Company also advises that Patagonia has made the Company aware of two net smelter royalties that
are payable on the Calcatreu property owned by Patagonia, being a 2.5% NSR royalty on the Nabel, Nabel
4 and Rebeca property, granted in favour of Franco-Nevada Corporation, and a 1.25% NSR royalty on the
Calcatreu Property in favo ur of Maverix Metals Inc. Further information on Patagonia and its mineral
resource properties can be found in the Filing Statement of the Compa ny dated May 30, 2019 prepared in
connection with the Offer, and filed on SEDAR.
For more information, please contact:
Dean Stuart
Investor Relations
T: (403) 617-7609
Bob Little
Chief Administration Officer
T: (509) 290-5659
Cautionary Statements and Forward Looking Information
Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange
acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot
- 2 -
close until the required shareholder approval is obtained. There can be no assurance that the transaction
will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the
transaction, any information released or received with respect to the transaction may not be accurate or
complete and should not be r elied upon. Trading in the securities of Hunt Mining Corp. should be
considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has
neither approved nor disapproved the contents of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements relating to the Proposed Transaction that are not
historical facts. Any such forward -looking statements may be identified by words such as "expects",
"anticipates", "believes", "projects", "plans" and similar expressions. Readers are caut ioned not to place
undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or
expectations upon which they are based will occur. By their nature, forward -looking statements involve
numerous assumptions, known and unknown risks and uncertainties, both general and specific, that
contribute to the possibility that the predictions, forecasts, projections and other forward -looking
statements will not occur, which may cause actual performance and results in future per iods to differ
materially from any estimates or projections of future performance or results expressed or implied by such
forward-looking statements. Assumptions, risks and uncertainties include, among other things, the risk that
the Proposed Transaction will not be completed or that the necessary approvals and/or exemptions are not
obtained or some other condition to the closing of the Proposed Transaction will not be satisfied, the risk
that the UK Court does not sanction the Scheme in a timely manner, if at all, the risk that closing of the
Proposed Transaction could be delayed if Hunt and Patagonia are not able to obtain the necessary
approvals on the timelines planned, the risk that the timing of obtaining required approvals, closing
conditions for the Proposed Transaction, state of the economy in general and capital markets in particular,
investor interest in the business and future prospects of Hunt and Patagonia will not occur in a timely
manner, if at all, and may cause actual results, performance or achievements to be materially different
from those implied by such assumptions, risks and uncertainties.
The forward-looking statements contained in this news release are made as of the date of this news release.
Except as required by law, Hunt and Patagonia disclaim any intention and assume no obligation to update
or revise any forward -looking statements, whether as a result of new information, future events or
otherwise, except as required by applicable securities law. Additionally, Hunt and Patagonia undertake no
obligation to comment on the expectations of, or statements made, by third parties in respect of the matters
discussed above.