Court approves CGA Mining Limited scheme of arrangement for merger with B2Gold Corp.
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE AND TORONTO STOCK
PERTH, Western Australia, Jan. 16, 2013 /CNW/ -
CGA Mining Limited (ASX Code: CGX; TSX Code: CGA) (CGA) is pleased to announce that the Supreme Court of Western Australia (Court) today made orders approving the scheme of arrangement between CGA and
its shareholders in relation to the proposed merger with B2Gold Corp. (B2Gold) (Scheme). The Scheme was approved by CGA shareholders at the Scheme Meeting
held on 24 December 2012.
Scheme becomes effective
The orders made by the Court have been lodged today with the Australian
Securities & Investments Commission and the Scheme is now effective. A
copy of the Court orders is attached.
The timetable for implementing the Scheme is set out in the Scheme
Booklet dated 23 November 2012 and sent to all shareholders. The key
dates are as follows.
CGA shares suspended from trading on the ASX close of trade on 16 January 2013 CGA shares to be delisted from TSX 18 January 2013 Record Date for determining entitlements to the Scheme Consideration 23 January 2013 Implementation Date for the Scheme and issue of the Scheme Consideration 31 January 2013 Dispatch of documents of title for the Scheme Consideration1 7 February 2013
* All stated dates and times are the times in Perth, Western Australia
unless otherwise indicated and are indicative only. Any changes to the
above timetable will be announced to ASX and TSX and will be available
under CGA’s profile on ASX at www.asx.com.au and on SEDAR at www.sedar.com.
(1) Documents of title in respect of the Scheme Consideration are expected
to be sent to holders of CGA Shares (except Ineligible Shareholders and
Electing Small Scheme Participants) within 5 Business Days after the
Board appointments and resignations
Clive Johnson, Mark Corra and Roger Richer have been appointed directors
of CGA as B2Gold’s nominees, effective today. Roger Richer has also
been appointed as an additional company secretary of CGA, effective
Phillip Lockyer, Robert Scott and David Cruse have each resigned as
directors of CGA, effective today. The Company sincerely thanks the
retiring directors for their excellent service to the Company over many
Capitalised terms used in this announcement have the same meaning as set
out in the Scheme Booklet dated 23 November 2012 (unless indicated
SOURCE CGA Mining Limited