At a special meeting of shareholders held yesterday, the shareholders of Amarillo Gold approved the previously announced plan of arrangement under the Business Corporations Act for the acquisition of Amarillo by Hochschild Mining plc The special resolution approving the Arrangement was approved by 99.99% of the votes cast by Amarillo's shareholders present or represented by proxy at the meeting. It was also approved by [...]
Several major milestones were achieved in 2021, reported Amarillo Gold today as it announced its results for the year ended Dec 31, 2021. "We had a good year," said Mike Mutchler, Amarillo's Chief Executive Officer. "We continued to develop the Posse Gold Project, which attracted the attention of Hochschild Mining. As we said late last year when we announced Hochschild's proposed acquisition of Amarillo, we believe [...]
Amarillo Gold has entered into an agreement with Hochschild Mining, whereby Hochschild will acquire all of the outstanding shares of Amarillo by way of a plan of arrangement under the Business Corporations Act. Pursuant to the Arrangement, each share of Amarillo will be exchanged for cash consideration of C$0.40 and one share of a new Brazil-focused exploration company, Lavras Gold. Lavras SpinCo will be capitalized with [...]
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