Nighthawk Gold Obtains Final Court Order for the Proposed Arra n ge m ent
Nighthawk Gold
Obtains Final Court Order for the Proposed
Arra
n
ge
m
ent
Not for distribution to U.S. newswire services or dissemination in the United States
Toronto, Ontario
--
(Newsfile Corp.
-
January 30, 2024)
-
Nighthawk Gold Corp.
("
Nighthawk
") (TSX:
NHK) and
Moneta Gold
Inc.
(TSX: ME) (OTCQX: MEAUF) (FSE: MOPA) ("
Moneta
")
are pleased to
announce that on January 30, 2024, the Ontario Superior Court of Justice (Commercial List) granted a
final order in respect of the proposed arrangement (the "
Arrangement
") between Moneta and Nighthawk
under the provisions of the
Business Corporations Act
(Ontario). Assuming that the remaining conditions
precedent are satisfied or waived, Moneta and Nighthawk anticipate that closing of the Arrangement will
occur on February 6, 2024.
Further details regarding the Arrangement are set out in the Joint Management Information Circular of
Nighthawk and Moneta dated December 20, 2023 filed on each company's respective profile at SEDAR+
(
www.sedarplus.ca
).
About Moneta
Moneta is a Canadian
-
based gold exploration company whose primary focus is on advancing its 100%
wholly owned Tower Gold Project, located in the Timmins region of Northeastern Ontario, Canada's
most prolific gold producing camp.
About Nighthawk
Nighthawk
is a Canadian
-
based gold exploration and development company with 100% ownership of
the Colomac Gold Project and more than 947 km
2
District Scale Property within 200 km north of
Yellowknife, Northwest Territories, Canada. Nighthawk's experienced management team, with a track
record of successfully advancing projects and operating mines, is working towards rapidly advancing its
assets
towards a development decision.
F
OR FURTHER INFORMATION PLEASE CONTACT:
MONETA GOLD
INC.
Tel: +1 (416) 471
-
5463; Email:
Website:
www.monetagold.com
NIGHTHAWK GOLD CORP.
Tel: +1 (416) 863
-
2105; Email:
Website:
www.nighthawkgold.com
Forward
-
Looking Information
Page
2
of
2
This news release contains "forward
-
looking information" within the meaning of applicable Canadian
securities legislation. Forward
-
looking information includes, but is not limited to, information with
respect to the closing date of the Arrangement. General
ly, forward
-
looking information can be identified
by the use of forward
-
looking terminology such as "accelerate", "add" or "additional", "advancing",
"anticipates" or "does not anticipate", "appears", "believes", "can be", "conceptual", "confidence",
"cont
inue", "convert" or "conversion", "deliver", "demonstrating", "estimates", "encouraging", "expand"
or "expanding" or "expansion", "expect" or "expectations", "fast
-
track", "forecasts", "forward", "goal",
"improves", "increase", "intends", "justification",
"plans", "potential" or "potentially", "pro
-
forma",
"promise", "prospective", "prioritize", "reflects", "re
-
rating", "scheduled", "stronger", "suggesting",
"support", "updating", "upside", "will be" or "will consider", "work towards", or variations of such
words
and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be
taken", "occur", or "be achieved".
Forward
-
looking information is based on the opinions and estimates of management at the date the
information is made, and is based on a number of assumptions and is subject to known and unknown
risks, uncertainties and other factors that may cause the actu
al results, level of activity, performance or
achievements of Nighthawk and Moneta to be materially different from those expressed or implied by
such forward
-
looking information, including risks associated with required regulatory approvals, the
exploratio
n, development and mining such as economic factors as they effect exploration, future
commodity prices, changes in foreign exchange and interest rates, actual results of current exploration
activities, government regulation, political or economic developme
nts, the ongoing wars and their effect
on supply chains, environmental risks, COVID
-
19 and other pandemic risks, permitting timelines,
capex, operating or technical difficulties in connection with development activities, employee relations,
the speculative
nature of gold exploration and development, including the risks of diminishing quantities
of grades of reserves, contests over title to properties, and changes in project parameters as plans
continue to be refined as well as those risk factors discussed i
n Nighthawk's and Moneta's respective
annual information forms for the year ended December 31, 2022, available on
www.sedarplus.ca
.
Although Nighthawk and Moneta have attempted to identify important factors that could cause actual
results to differ materially from those contained in forward
-
looking information, there may be other
factors that cause results not to be as anticipated, e
stimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly, readers should not place undue
reliance on
forward
-
looking information. Nighthawk and Moneta do not undertake to update any
forward
-
looking information, except in accordance with applicable securities laws.