Fiore Gold Proxy Advisor Recommends Calibre Bid

FIORE GOLD LTD. (TSX.V: F)

Announced that Institutional Shareholder Services (“ISS”) has recommended that Fiore shareholders vote FOR the proposed acquisition by Calibre Mining Corp, of all of the issued and outstanding shares of Fiore at the upcoming special meeting of shareholders  to be held on January 5, 2022.

 

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Fiore Gold project landscape

 

INDEPENDENT PROXY ADVISOR, ISS, RECOMMENDS FIORE GOLD SHAREHOLDERS VOTE FOR THE PROPOSED TRANSACTION WITH CALIBRE MINING

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For any questions please contact Fiore’s’ proxy solicitation agent and communications advisor, Laurel Hill Advisory Group, toll free at 1-877-452-7184 (+1-416-304-0211 outside North America) or email assistance@laurelhill.com

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December 20, 2021

                                                                                                                                             Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce that Institutional Shareholder Services (“ISS”) has recommended that Fiore shareholders (“Shareholders”) vote FOR the proposed acquisition by Calibre Mining Corp. (“Calibre”) of all of the issued and outstanding shares of Fiore (“Fiore Shares”) at the upcoming special meeting of shareholders (the “Meeting”) to be held on January 5, 2022.

ISS is a leading independent, third party proxy advisory firm who, among other services, provides proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.

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In their report ISS states

“The transaction makes strategic sense as current shareholders will have the opportunity to participate in a combined entity expected to have a more diversified base of operating assets and pipeline projects.

 

“The combined entity will have three producing mines and sufficient cash on the pro forma balance sheet as well as free cash flow generation to support the growth of the Gold Rock project in Nevada and the Eastern Borosi project in Nicaragua.

 

“In addition, the combination is expected to provide benefits through the sharing of technical expertise in pursuit of exploration and development initiatives, and the combination could provide further improvements in broad research analyst coverage, trading liquidity, index inclusion, with a view to broadening institutional shareholder interest.”

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Fiore’s board of directors UNANIMOUSLY recommends that shareholders VOTE FOR the Arrangement Resolution

 

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

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Disclosure

At the time of writing, the author holds shares in Fiore Gold, bought in the market at the prevailing price on the day of purchase.

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