CRANBROOK, April 14, 2022 -
Taiga Gold Corp. ("Taiga" or the "Company") (CSE:TGC) has closed the previously announced transaction with SSR Mining Inc. ("SSR Mining") pursuant to a plan of arrangement (the "Arrangement").
Pursuant to the Arrangement, shareholders of Taiga are entitled to receive $0.265 for each common share held as of April 14, 2022, the effective time of the Arrangement. Any Taiga shareholder who does not hold their common shares in a brokerage account can submit a letter of transmittal along with their share certificate(s) to TSX Trust Company to receive the cash consideration under the Arrangement, which will be mailed to all registered shareholders. A copy of the letter of transmittal is available under Taiga's profile at www.sedar.com. Shareholders of Taiga who hold their shares through an intermediary (e.g. a broker, investment dealer, trust company or bank) are not required to submit a letter of transmittal, as their cash consideration will be deposited into their brokerage account.
Taiga's common shares will be delisted from the Canadian Stock Exchange within a few trading days and Taiga will make an application to cease to be a reporting issuer.
Tim Termuende, President and Chief Executive Officer of Taiga said the following "On behalf of my fellow board members and senior management of Taiga, I want to thank all of our shareholders and our employees for their patience and support throughout this process. I also want to thank our legal counsel, McLeod Law LLP for all of their guidance and hard work to help bring this transformational transaction to a successful close. Finally, I want to thank our friends at SSR Mining for being our joint venture partner on the Fisher property. We feel confident in delivering our assets and business into SSR Mining's stewardship."
On behalf of the Board of Directors
"Tim J. Termuende"
President and CEO
For further information on Taiga Gold Corp., please contact Mike Labach at:
1 866 HUNT ORE (486 8673)
Email: info@taigagold.com or visit our website at http://taigagold.com
Neither the Canadian Securities Exchange nor any other regulatory body has reviewed or approved the contents of this news release
Cautionary Note Regarding Forward-Looking Information
Certain information in this news release contains forward-looking information that involves risk and uncertainty. For this purpose, any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements often contain terms such as "may", "will", "should", "anticipate", "expects" and similar expressions. More particularly, and without limitation, this news release contains forward looking information relating to Taiga's intention to delist from the Canadian Stock Exchange and the timing thereof; Taiga's intention to make an application to cease be to be a reporting issuer and the timing thereof; and the payment of cash consideration to shareholders of Taiga. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Taiga assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
SOURCE: Taiga Gold Corp.
