DENVER, CO / ACCESSWIRE / November 17, 2021 / Gold Resource Corporation (“RCMP“or the”Society“) (NYSE American: GORO) is pleased to announce that at the Aquila Resources Inc. (“Aquilas“) extraordinary meeting of shareholders (the”Meeting“) held earlier today, an overwhelming majority of Aquila shareholders voted in favor of the special resolution (the”Arrangement resolution“) approving the previously announced plan of arrangement under which the Company will acquire all of the issued and outstanding common shares (“Actions“) d’Aquila (the”Transaction“).

The Transaction required the approval of (i) 66â…” percent of votes cast by Aquila shareholders and (ii) a simple majority of votes cast by minority shareholders (excluding shareholders whose votes must be excluded in accordance with Multilateral Instrument 61 – 101).

Shareholders holding a total of 208,546,503 shares (60.701% of the issued and outstanding shares on the date of the meeting) were represented in person or by proxy at the meeting. Of the votes cast at the Meeting, 98.884% were in favor of the Arrangement Resolution (98.864% after excluding votes cast by shareholders whose votes must be excluded under Multilateral Instrument 61 – 101).

Allen Palmiere, President and CEO of the Company, said: “I would like to thank the shareholders of Aquila for their strong support for the transaction. We look forward to completing the transaction as soon as possible and are delighted to work with the team and all stakeholders to move the Back Forty project forward into production.

The closing of the transaction remains subject to certain closing conditions, including the approval of the Ontario Superior Court of Justice (commercial list). Subject to the satisfaction or waiver of the remaining closing conditions, the closing of the Transaction is expected to take place in the coming weeks.

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About Gold Resource Corporation

Gold Resource Corporation is a gold and silver producer, developer and explorer with operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of a new board of directors and senior management, the Company’s goal is to unlock the significant upside potential of its existing infrastructure and extensive land around the mine, to complete our acquisition of Aquila Resources Inc. and to develop the Back Forty project. in Michigan, United States. For more information, please visit the GRC website, located at www.goldresourcecorp.com and read the company’s 10-K to understand the risk factors involved.

Forward-looking information and other warnings

This press release contains forward-looking statements that involve risks and uncertainties. Statements in this press release that are not purely historical are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Where used in this press release, the words “plan”, “target”, “anticipate”, “believe”, “estimate”, “intend”, “propose”, “the potential” and “‘anticipate” and similar expressions are intended to identify these forward-looking statements. These forward-looking statements include, but are not limited to: statements regarding the Transaction, including statements regarding the benefits of the Transaction and expectations regarding the combined company (including its growth and resource profile, the development of the Back Project Forty, the production cash flow from the Don David gold mine, its presence in the market, its revaluation potential and its expectations regarding the payment of dividends); the timing of key stages of the transaction and closing; the ability of GRC and Aquila to meet the conditions and complete the Transaction; and expectations regarding the impact of the Transaction on GRC and Aquila, including with respect to anticipated financial and operating results, strategy and activities, and on stakeholders in general.

All forward-looking statements contained in this press release are based on information available to GRC as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be correct. These risks and uncertainties and other factors that could cause actual and future results to differ from those expressed or implied by forward-looking statements include, without limitation: the satisfaction of the conditions precedent to the closing of the Transaction ( including obtaining all approvals from shareholders, courts and regulatory authorities); risks associated with the Transaction and acquisitions in general; the Arrangement Agreement may be terminated in certain circumstances; GRC will incur costs even if the Transaction is not completed; all necessary approvals and consents may not be obtained; uncertainty regarding the parties’ ability to achieve all milestones in the Transaction on schedule; the risks inherent in mining exploration, development and production operations; economic factors affecting the Company and / or Aquila; the integration of the activities of the Company and of Aquila; political conditions and regulatory environment in the United States and Mexico; and the scope, duration and impact of the COVID-19 pandemic on mining operations, Company employees and supply chains, as well as the scope, duration and impact of government actions to mitigate the pandemic. Additional factors that could cause or contribute to such differences include, without limitation, those discussed in the periodic and current reports filed by the Company with the Securities and Exchange Commission, including the Company’s annual report on the Form 10-K for the closed fiscal year. December 31, 2020.

For more information, please contact:
Gold resource company
Ann Wilkinson, Vice-President, Public Relations and Corporate Affairs
Telephone: 720-459-3851
Email: [email protected]

THE SOURCE: Gold resource company

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