Rugby Resources Shareholders Approve Arrangement with Pampa Metals

Core Viewpoint - Rugby Resources Ltd. and Pampa Metals Corp. have announced the results of a special meeting where shareholders approved a statutory plan of arrangement and a stock option plan for SpinCo, paving the way for a significant corporate restructuring and potential growth opportunities in the mining sector [1][2][3]. Group 1: Shareholder Meeting Results - At the special meeting, 55.39% of Rugby's outstanding common shares were represented, with 99.97% of votes cast in favor of the Arrangement Resolution and the SpinCo Option Plan Resolution [3]. - The completion of the arrangement is subject to court approval and customary closing conditions, with a hearing scheduled for July 22, 2025, and expected closure around July 24, 2025 [4]. Group 2: Company Profiles - Rugby Resources is focused on exploration in Colombia, Argentina, and Chile, particularly the Cobrasco Project, which aims to demonstrate the economic potential of copper discoveries essential for the transition to electrification [5]. - Pampa Metals is a copper-gold exploration company that has entered into agreements to acquire significant interests in mining projects, including an 80% stake in the Piuquenes Copper-Gold Porphyry Project and 100% of Rugby Resources, which will provide an 80% interest in the Cobrasco Project upon closing [7].