Sabre gold shareholders approve acquisition by minera alamos

Toronto, ontario--(newsfile corp. - january 14, 2025) - sabre gold mines corp. (tsx: sgld) (otcqb: sgldf) ("sabre gold" or the "company") is pleased to announce, pursuant to the special meeting (the "meeting") of shareholders of sabre ("shareholders") held earlier today at the offices of peterson mcvicar llp, that the shareholders have overwhelmingly approved all items of business placed before the meeting, including the previously-announced plan of arrangement pursuant to which minera alamos inc. (tsxv: mai) ("minera alamos") will acquire all the issued and outstanding shares of the sabre at an exchange rate of 0.693 common shares in the capital of minera alamos for each common share (a "share") in the capital of sabre (the "arrangement"). the meeting was called for shareholders to consider and, if deemed advisable, approve (a) the arrangement, and (b) the issuance of 30,490,883 shares to settlement approximately $9.5 million of obligations owed by sabre to certain creditors at a deemed price of $0.3108 per share (the "debt settlements").
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