Eurocontrol Announces Special Meeting Date
365 Bay Street, Suite 400
Toronto, Ontario, Canada M5H 2V1
T 416 361 2808 | F 416 361 2519
eurocontrol.ca
Eurocontrol Announces Special Meeting Date
Toronto, CANADA, March 11, 2019 - Eurocontrol Technics Group Inc. (TSX Venture: EUO; OTCQB: EUCTF)
(“Eurocontrol” or the “Company”) announces that a special meeting of holders of common shares (the “Shares”) of the
Company (“Shareholders”) will be held at 10:00 a.m. (Toronto time) on March 29, 2019 (the “Meeting”) . The
management information circular for the Meeting has been mailed to Shareholders and is available on the Company's
SEDAR profile and the Company’s website.
At the Meeting, Shareholders will be asked to pass an ordinary resolution to approve the purchase by the Company of
certain mineral rights in the Province of British Columbia and related assets (the “Transaction”) in accordance with the
terms of the asset purchase agreement dated January 24, 2019, between the Company and Sable Resources Ltd., as
more particularly described in the Company’s news release dated January 25, 2019. In addition, Shareholders will be
asked to (i) re-elect the directors of the Company; (ii) elect, conditional on and effective following the completion of the
Transaction, Terence Harbort, Andres Tinajero, Tom Obradovich, Brent Gilchrist, Paul Wood and Blair Zaritsky as
directors of the Company; (iii) re-appoint BDO Canada LLP as auditors of the Company; (iv) approve the Company’s
new stock option plan; (v) approve the Company’s restricted share unit plan; and (vi) approve the voluntary delisting of
the Company’s common shares from the TSX Venture Exchange and the listing of the Company’s common shares on
the Canadian Stock Exchange.
Paul Wood, Interim President & CEO of Eurocontrol stated, “ The Transaction provides an exciting opportunity to
transform the Company through the acquisition of Sable’s prospective BC mining assets . The special committee of
the Company’s board of directors conducted a thorough search and reviewed numerous opportunities to change the
Company’s business focus, and it was the Transaction that brought a combination of good value and an opportunity
for Shareholders to retain a meaningful ownership position in the re-positioned Company and benefit from any
successful exploration of these assets , under a strong leadership team with proven track record s in mineral
exploration.”
Post receipt of Shareholder approval at the Meeting and closing of the Transaction, the new Eurocontrol, to be named
Talisker Resources Ltd., will be led by Tom Obradovich as Chairman. Tom has over 30 years experience in the mining
industry and in addition to his positions of Director, President and CEO of Sable, he is a Director of Barkerville Gold
Mines Ltd. and President and CEO of Canadian Continental Exploration Group. He was also one of the key individuals
behind Aurelian Resources Inc. (acquired by Kinross Gold Mines for $1.2 billion in 2008) , which discovered the Fruta
Del Norte gold deposit in Ecuador, and was a director of Dalradian Resources Inc.
Post closing, Dr. Terence (Terry) Harbort will be appointed Director, President and CEO. Terry Harbort is a professional
economic geologist with 24 years experience in mineral exploration focused on a pplied structural geology of ore
deposits making him a specialist in mapping and interpretation of ore geometries and ore controls covering various
types of geological environments with direct applications to mineral economics from target generation, target definition
and evaluation, and project management. Te rry was a senior member of the discovery team of the La Colosa and
Gramalote deposits for AngloGold Ashanti Ltd. , where over a nine year period he held positions of Senior Geologist
and Chief Structural Geologist for the Americas. In 2010, Terry was a founder and is Vice President , Exploration of
Talisker Exploration Services Inc., an exploration management company providing international exploration consulting
in M & A and exploration strategy, project evaluation, target generation and expl oration program design and
implementation for Osisko Gold Royalties and related companies.
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Also joining the Eurocontrol Board post closing of the Transaction will be Brent Gilchrist and Blair Zaritsky.
Brent Gilchrist is an accomplished finance executive with extensive experience in the investment and banking sectors.
He has been involved in the JDS Energy & Mining Inc. group since 2012 and is currently the President of JDS
Resources Inc., the JDS Group of Companies’ venture capital and private equity arm responsible for investment
management, acquisitions and project fina ncing. He was the President and co-founder of JDS Silver Inc., the owner
and operator of the Silvertip Mine located in Northern British Columbia, prior to the sale of the project to Coeur Mining,
Inc. in 2007.
Blair Zaritsky, is a chartered professional accountant with more than 15 years of professional experience, of which
have been mostly in the mining sector. He is the Chief Financial Officer of Osisko Mining Inc., and was previously Chief
Financial Officer and director of Oban Exploration Limited until 2014. Blair Zaritsky has over ten years of Canadian
public practice experience with exposure to various types of engagements and clients, gained through managing audit
engagements of publicly listed companies traded on the Toronto Stock Exchange, TSX Venture Exchange and
Canadian National Stock Exchange.
For further information on this press release, please contact Paul Wood, Interim President and CEO of Eurocontrol at
(416) 361-2808 or [email protected].
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities
commission or other regulatory authority has passed upon the merits of the proposed transaction or approved or
disapproved the information contained this news release.
Forward-Looking Statements
Certain statements contained in this press release constitute forward -looking information. These statements relate to
future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”,
“estimated” and similar expressions and statements relating to matters that are not historical facts are intended to
identify forward-looking information and are based on Eurocontrol’s current belief or assumptions as to the outcome
and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-
looking information relating to, among other things, the potential benefits of the Transaction, the completion of the
Transaction and the assets proposed to be acquire d. Various assumptions or factors are typically applied in drawing
conclusions or making the forecasts or projections set out in forward -looking information. Those assumptions and
factors are based on information currently available to Eurocontrol. Although such statements are based on reasonable
assumptions of Eurocontrol’s management, there can be no assurance that the Transaction will occur, or that if the
Transaction does occur, it will be completed on the terms disclosed by Eurocontrol.
Forward-looking information contained in this news release is based on certain factors and assumptions regarding,
among other things, the receipt of all necessary regulatory and shareholder approvals and satisfaction of other
conditions to the completion of the Transact ion, availability of necessary financing, potential mineralization on the
properties proposed to be acquired, and other similar matters. While Eurocontrol considers these assumptions to be
reasonable based on information currently available to them, they m ay prove to be incorrect. Forward looking
information involves known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future results, performance or achi evements
expressed or implied by the forward -looking information. Such factors include risks inherent in the exploration and
development of mineral deposits, including risks relating to changes in project parameters as plans continue to be
redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the
worldwide demand for and supply of minerals, risks related to increased competition and current global financial
conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating
to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and
environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.