Sabre Gold Shareholders Approve Acquisition by Minera Alamos

Shareholder Approval and Arrangement Details - The Shareholders of Sabre Gold Mines Corp overwhelmingly approved all items of business at the special meeting, including the Arrangement with Minera Alamos Inc [3] - The Arrangement involves Minera Alamos acquiring all issued and outstanding shares of Sabre Gold at an exchange rate of 0.693 common shares of Minera Alamos for each Sabre Gold share [3] - The Arrangement Resolution was approved by 99.814% of the votes cast by Shareholders and 99.641% of the votes cast by Disinterested Shareholders [6] - The Debt Settlement Resolution, which involves issuing 30,490,883 Shares to settle approximately $9.5 million of obligations, was approved by 99.347% of the votes cast by Disinterested Shareholders [10] Meeting and Voting Details - A total of 33,956,540 Sabre Gold shares were represented at the Meeting, representing approximately 42.632% of the total issued and outstanding shares [5] - The Arrangement Resolution required at least two-thirds of the votes cast by Shareholders and a simple majority of the votes cast by Disinterested Shareholders to be effective [7] - The Debt Settlement Resolution required a simple majority of the votes cast by Disinterested Shareholders to be effective [1] Arrangement Completion and Delisting - The Plan of Arrangement is expected to become effective on or about January 27, 2025, subject to obtaining a Final Order from the Ontario Superior Court of Justice and satisfying other customary closing conditions [8] - Sabre Gold shares are expected to be delisted from the Toronto Stock Exchange within two to three business days following the completion of the Arrangement [8] Company Overview and Assets - Sabre Gold Mines Corp is a near-term gold producer in North America with 100% ownership of the Copperstone gold mine in Arizona, which is fully licensed and permitted [12] - Copperstone has approximately 300,000 ounces of gold in the Measured and Indicated categories and 197,000 ounces in the Inferred category [13] - The Copperstone mine has existing operational infrastructure and significant exploration upside, with management intending to restart production in the near term [12][13][14]