(Montreal, June 2,
2014) – Osisko
Mining Corporation (Corporation
or Osisko)
(OSK:TSX, EWX: Deutsche Boerse) is pleased to announce that the plan of
arrangement, pursuant to which Agnico Eagle Mines Limited and Yamana Gold Inc.
will acquire all the issued and outstanding common shares of the Corporation
(the Arrangement),
was approved by the shareholders with approximately 99.80% of the votes cast at
the annual and special meeting held on May 30, 2014 (the meeting) voting in
favour of the Arrangement.
The Arrangement
Under the Arrangement, each
outstanding common share of Osisko will be exchanged for C$2.09 in cash,
0.07264 of a common share of Agnico Eagle, 0.26471 of a common share of Yamana,
and one common share of a newly formed company that will acquire certain assets
of Osisko as part of the Arrangement (New Osisko). The Arrangement is
expected to close during the month of June and Osisko shareholders are invited
to communicate with Laurel Hill
Advisory Group as Depository Agent for the Arrangement for
instructions on tendering their shares at:
North American Toll
Free: 1-877-452-7184
Banks, Brokers or
collect calls: 416-304-2011
Email: [email protected]
Election of
Directors
In addition, given the
sudden passing of Mr. Marcel Côté on May 25, 2014, the Corporation also
confirms that 10 of the 11 directors proposed by Management were elected at the
meeting as directors of the Corporation.
Based on the proxies
received and the votes on a show of hands, the following individuals were
elected as directors of the Corporation until the next annual shareholders
meeting. Accordingly, the results are set out below:
Name of Nominee | Votes cast | % of votes cast | Votes cast | % of votes cast |
Victor H. Bradley | 331,556,297 | 98.04% | 6,619,443 | 1.96% |
John F. Burzynski | 323,782,889 | 95.74% | 14,392,851 | 4.26% |
Michèle Darling | 332,025,935 | 98.18% | 6,149,805 | 1.82% |
Joanne Ferstman | 337,267,508 | 99.73% | | 0.27% |
Staph Leavenworth Bakali | 328,309,592 | 97.08% | 9,866,148 | 2.92% |
William A. MacKinnon | 337,612,768 | 99.83% | | 0.17% |
Charles E. Page | 312,831,076 | 92.51% | 25,344,664 | 7.49% |
Sean Roosen | 335,560,615 | 99.23% | 2,615,125 | 0.77% |
Gary A. Sugar | 328,287,309 | 97.08% | 9,888,431 | 2.92% |
Serge Vézina | 337,562,242 | 99.82% | | 0.18% |
All other resolutions
provided for in the Management Information Circular were duly passed and as
such a report on the voting results were filed today with the Canadian
securities regulatory authorities at www.sedar.com.
the Canadian Malartic Gold Mine in Malartic, Québec and is pursuing exploration
on a number of properties, notably in Québec, Ontario and Mexico.
gold mining company that has produced precious metals since 1957. Its
seven mines are located in Canada, Finland and Mexico, with exploration and
development activities in each of these regions as well as in the United
States.
producer with significant gold production, gold development stage properties,
exploration properties, and land positions throughout the Americas including
Brazil, Argentina, Chile and Mexico.
Forward-Looking
Statements
Certain statements contained in this press
release may be deemed “forward-looking statements”. All statements in
this release, other than statements of historical fact, that address events or
developments that Osisko, Agnico Eagle and Yamana expect to occur, are forward
looking statements. Forward looking statements are statements that are not
historical facts and are generally, but not always, identified by the words
“expects”, “plans”, “anticipates”,
“believes”, “intends”, “estimates”,
“projects”, “potential”, “scheduled” and similar
expressions, or that events or conditions “will”, “would”,
“may”, “could” or “should” occur including,
without limitation, the timely satisfaction of all technical, economical,
regulatory and financial conditions in order to complete the Arrangement
between Osisko, Agnico Eagle and Yamana. Although Osisko, Agnico Eagle
and Yamana believe the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially from
those in forward looking statements. Factors that could cause the actual
results to differ materially from those in forward-looking statements include,
gold prices, results of exploration and development activities, the
Corporation’s limited experience with production and development stage mining
operations uninsured risks, regulatory changes, defects in title, availability
of personnel, materials and equipment, timeliness of government or court
approvals, actual performance of facilities, equipment and processes relative
to specifications and expectations, unanticipated environmental impacts on
operations market prices, continued availability of capital and financing and
general economic, market or business conditions. These factors are discussed in
greater detail in Osisko, Agnico Eagle and Yamanas most recent Annual
Information Forms, which are filed on SEDAR and also provide additional general
assumptions in connection with these statements. Osisko, Agnico Eagle and
Yamana caution that the foregoing list of important factors is not exhaustive.
Investors and others who base themselves on the forward looking statements
contained herein should carefully consider the above factors as well as the
uncertainties they represent and the risk they entail. Osisko, Agnico Eagle and
Yamana believe that the expectations reflected in those forward-looking
statements are reasonable, but no assurance can be given that these
expectations will prove to be correct and such forward-looking statements
included in this press release should not be unduly relied upon. These
statements speak only as of the date of this press release. Osisko, Agnico
Eagle and Yamana undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, other than as required by applicable law.
