Premier Royalty Shareholders Approve Plan of Arrangement With Sandstorm Gold
TORONTO, ONTARIO -- (Marketwired) -- 09/30/13 -- Premier Royalty Inc.
(TSX:NSR) ("Premier Royalty") is pleased to announce that at the
special meeting of holders of common shares of Premier Royalty (the
"Shareholders") held today, the Shareholders overwhelmingly approved
the previously announced plan of arrangement (the "Arrangement")
whereby Sandstorm Gold Ltd. ("Sandstorm") will acquire all of the
outstanding common shares of Premier Royalty not held by Sandstorm or
its affiliates. The resolution approving the Arrangement was approved
by 99.95% of the votes cast by Shareholders present in person or
represented by proxy at the meeting, and by 99.8% of the votes cast
by disinterested Shareholders present in person or represented by
proxy at the meeting.
The Arrangement remains subject to, among other things, the final
approval of the Ontario Superior Court of Justice. The hearing for
the final court order to approve the Arrangement is scheduled to take
place on October 3, 2013, with the effective date of the Arrangement
expected to occur on or about October 4, 2013.
Full details regarding the terms of the Arrangement are set out in
the management information circular of Premier Royalty dated August
30, 2013, which is available on SEDAR at www.sedar.com. Further
details of the Arrangement are disclosed in the August 14, 2013 news
release also available on SEDAR.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news
release includes certain information that may constitute
"forward-looking information" under applicable Canadian securities
legislation. Forward-looking information includes, but is not limited
to, statements about strategic plans. Forward-looking information is
necessarily based upon a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which may cause the actual results
and future events to differ materially from those expressed or
implied by such forward-looking information, including the risks
identified in Premier Royalty's Annual Information Form dated as of
December 31, 2012. There can be no assurance that such information
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on
forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and is
based upon the opinions and estimates of management and information
available to management as at the date hereof. Premier Royalty
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information,
future events or otherwise, except as required by law.
Premier Royalty Inc.
Abraham Drost, P.Geo.
President & CEO
Premier Royalty Inc.
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