TORONTO, Apr 25, 2016 - Brionor Resources Inc. ("Brionor" or the "Company") (TSX VENTURE:BNR) is pleased to announce the results of its Special Meeting of Shareholders held today. With regards to the matters proposed:
The sale of the Company's Pitt Gold Project (the "Project") to First Mining Finance Corp. ("First Mining") was approved (99.968% of votes cast).
The Company received approval (93.599% of votes cast) for, if deemed appropriate by the Board of Directors of the Company, the consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation share for not more than four (4) pre-consolidation common shares.
With the approval by shareholders of the sale of the Company's Pitt Gold Project to First Mining Finance Corp. now complete (for full details please see Press Release dated March 7, 2016), closing of the transaction is expected to occur on April 27, 2016 and remains subject to the final approval of the TSX Venture Exchange.
The Company at this time also wishes to announce that it has terminated its acquisition of Atala Resources Corp. ("Atala") under the terms as previously contemplated (for full details please see Press Release dated February 20, 2013). The Company and Atala continue to evaluate alternatives for a revised transaction, but at this time no agreement is pending.
Brionor is a junior mining exploration company with a portfolio of exploration projects in Québec.
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.
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TORONTO, Apr 25, 2016 - Brionor Resources Inc. ("Brionor" or the "Company") (TSX VENTURE:BNR) is pleased to announce the results of its Special Meeting of Shareholders held today. With regards to the matters proposed:
