Regulus Announces Shareholder Approval and Final Court Approval of Plan of Arrangement
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE
SERVICES.
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Regulus Announces Shareholder Approval and Final Court Approval of
Plan of Arrangement
VANCOUVER, CANADA (September 24, 2018) – Regulus Resources Inc. (“Regulus” or the
“Company”) (TSX-V: REG) is pleased to announce that, further to its press release dated June 29, 2018,
it has received requisite shareholder approval for its previously announced plan of arrangement involving
Regulus, Aldebaran Resources Inc. (“Aldebaran”), Sibanye Gold Limited and the Regulus shareholders
(the “Arrangement”). Such approval was obtained at the annual and special meeting of Regulus
shareholders held on September 21, 2018, where Regulus shareholders voted 99.8% in favour of the
Arrangement. As previously announced, pursuant to the Arrangement, Regulus will spin out its Argentine
assets, including the Rio Grande and Aguas Calientes projects, into a newly formed company, Aldebaran,
which has applied to list its common shares on the TSX Venture Exchange (“TSX-V”) (subject to TSX-
V approval). Regulus shareholders as of the close of business on the record date of September 28, 2018
will receive one common share of Aldebaran for every three Regulus shares held.
Regulus shareholders are cautioned that only holders of record as of the close of business on
September 28, 2018 will be entitled to receive Aldebaran shares under the Arrangement. Investors
should allow sufficient time for the settlement of any Regulus shares purchased on the TSX-V prior
to the record date and are encouraged to contact their investment advisors with any questions in
this regard.
The $20,140,000 private placement financing announced by Regulus on August 22, 2018 is scheduled to
close on September 27, 2018 and all Regulus shares purchased pursuant to that financing will be entitled
to receive Aldebaran shares under the Arrangement.
The requisite final court order from the Alberta Court of Queen's Bench has been obtained in respect of
the Arrangement, and Regulus and Aldebaran expect that the Arrangement will close and become effective
on or about October 3, 2018, subject to the satisfaction of customary closing conditions, including receipt
from the TSX-V of conditional listing approval for the Aldebaran shares.
For further information Regulus shareholders should refer to the Company’s management information
circular dated August 22, 2018, a copy of which is available under the Company’s profile on SEDAR at
www.sedar.com, which more fully sets forth the terms of the Arrangement, including each of the
transactions under the Arrangement.
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For further information on Regulus Resources Inc. or Aldebaran Resources Inc., please consult our
website at www.regulusresources.com or contact:
Regulus Resources Inc.
John E. Black, CEO / Director
Phone: +1 303 618-7797 mobile
+1 720 514-9036 office
Email: [email protected]
Reader Advisories
Investors are cautioned that, except as disclosed in the information circular prepared in connection with
the Arrangement, any information released or received with respect to the Arrangement may not be
accurate or complete and should not be relied upon.
The TSX-V has in no way passed upon the merits of the Arrangement and has neither approved nor
disapproved of the contents of this press release. This press release is not an offer of the securities for sale
in the United States. The securities have not been registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States absent registration or an exemption
from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would
be unlawful.
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information within the
meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”,
“estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and
similar expressions are intended to identify forward-looking statements or information. Forward-looking
information in this press release includes, but is not limited to, the timing and completion of the
Arrangement, and that the shares of Aldebaran will be accepted for listing on the TSX -V. Although
Regulus believes that the expectations and assumptions on which the forward-looking statements and
information are based are reasonable, undue reliance should not be placed on the forward -looking
statements and information because Regulus cannot give any assurance that they will prove to be correct.
Since forward-looking statements and information address future events and conditions, by their very
nature they involve inherent risks and uncertainties. The forward-looking statements and information is
based on certain key expectations and assumptions made by management of Regulus, including
expectations and assumptions concerning: the satisfaction of all conditions to the closing of the
Arrangement and on the time frames contemplated. Actual results could differ materially from those
currently anticipated due to a number of factors and risks, including but not limited to: risks related to the
receipt of all necessary approvals for the Arrangement, changes in national and local government
regulation of mining operations, tax rules and regulations, and political and economic developments in
countries in which Regulus and Aldebaran operate. Regulus and Aldebaran caution that the foregoing list
of risks and uncertainties is not exhaustive.
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The forward-looking statements and information contained in this press release are made as of the date
hereof and Regulus and Aldebaran undertake no obligation to update publicly or revise any forward -
looking statement or information, whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
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.