Mining company Prime Mining obtains recommendation from a prominent independent proxy consultant on the proposed restructuring deal with Torex Gold. Shareholders are alerted to the approaching date for voting in the upcoming extraordinary meeting.
Prime Mining Corp. Announces Special Meeting to Vote on Proposed Acquisition
Prime Mining Corp. has scheduled a special meeting of its shareholders for Monday, September 29, 2025, at 2:00 p.m. (Vancouver Time). The meeting will take place in Vancouver, British Columbia, and will focus on voting on the arrangement plan concerning the proposed acquisition by Torex Gold Resources Inc. of Prime Mining's Los Reyes gold/silver project.
The management information circular of the Company in connection with the meeting is now available under the Company's profile on SEDAR+ at www.sedarplus.ca and on Prime's website at www.primeminingcorp.ca.
In a recent recommendation, Glass Lewis, a leading independent proxy advisory firm, has advised shareholders to vote "FOR" the plan of arrangement with Torex Gold Resources Inc. Glass Lewis believes that the transaction offers a compelling balance of immediate value and long-term upside, making it in the best interests of Prime Mining's shareholders.
The Board of Directors of Prime Mining Corp. has unanimously recommended that the shareholders vote FOR the Arrangement. The proxy voting deadline for the special meeting of shareholders is 2:00 p.m. (Vancouver Time) on Thursday, September 25, 2025.
Securityholders who have questions or need assistance with voting their Prime Securities can contact the Company by telephone at (604) 428-6128 or by email at [email protected]. If you have questions about deciding how to vote on the Arrangement, you should contact your own legal, tax, financial, or other professional advisor.
The proposed acquisition by Torex Gold Resources Inc. aims to integrate Prime Mining's Los Reyes gold/silver project with Torex's existing operations, creating a larger and more efficient mining company. The special meeting of Prime Mining Corp. shareholders on September 29, 2025, will be an important step in this process, as shareholders will have the opportunity to approve the transaction and move forward with the integration.
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