{"id":38482,"date":"2023-12-22T11:32:13","date_gmt":"2023-12-22T11:32:13","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/calibre-intends-to-mail-and-file-the-special-meeting-materials-today-in-connection-with-the-proposed-combination-with-marathon\/"},"modified":"2023-12-22T11:32:13","modified_gmt":"2023-12-22T11:32:13","slug":"calibre-intends-to-mail-and-file-the-special-meeting-materials-today-in-connection-with-the-proposed-combination-with-marathon","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/calibre-intends-to-mail-and-file-the-special-meeting-materials-today-in-connection-with-the-proposed-combination-with-marathon\/","title":{"rendered":"Calibre Intends to Mail and File the Special Meeting Materials Today In Connection with the Proposed Combination with Marathon"},"content":{"rendered":"
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For any questions, please contact Calibre\u2019s strategic shareholder advisor and proxy solicitation agent, Laurel Hill Advisory Group, toll free at 1-877-452-7184 (+1-416-304-0211 outside North America) or by email at <\/em>assistance@laurelhill.com<\/em><\/a>.<\/em><\/p>\n

VANCOUVER, British Columbia, Dec. 22, 2023 (GLOBE NEWSWIRE) — Calibre Mining Corp.<\/strong> (TSX: CXB; OTCQX: CXBMF) (\u201cCalibre<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) is pleased to announce that the Company intends to file and mail its management information circular dated December 11, 2023 (the \u201cCircular<\/strong>\u201d) and related meeting and proxy materials today in connection with the virtual-only special meeting (the \u201cMeeting<\/strong>\u201d) of holders (the \u201cCalibre<\/strong> Shareholders<\/strong>\u201d) of common shares of Calibre (the \u201cCalibre Shares<\/strong>\u201d) scheduled to be held on January 16, 2024. The purpose of the Meeting is to seek approval for (i) the issuance of Calibre Shares as consideration in connection with a plan of arrangement under the Canada Business Corporations Act<\/em> (the \u201cTransaction<\/strong>\u201d) whereby Calibre will acquire all of the issued and outstanding common shares of Marathon Gold Corporation (\u201cMarathon<\/strong>\u201d) it does not already own; and (ii) an amendment to increase the maximum number of Calibre Shares that may be reserved and set aside for issuance under Calibre\u2019s amended and restated long-term incentive plan (the \u201cLTIP Amendment<\/strong>\u201d), which amendment will be implemented only upon the completion of the Transaction.<\/p>\n

The Transaction will create an Americas-focused, high-margin, high-growth, mid-tier gold producer with estimated average annual gold production of approximately 500 koz during 2025 \u2013 2026E1<\/sup>. The combined company will have a strong balance sheet with a combined cash balance of US$148 million2<\/sup> and significant free cash flow generated from Calibre\u2019s existing mines. This financial strength is expected to facilitate the seamless construction of Marathon\u2019s 100%-owned Valentine Gold Project (\u201cValentine<\/strong>\u201d) and a continuous flow of exciting discovery and resource-building drill results from Nicaragua, Nevada, and Newfoundland & Labrador.<\/p>\n

Highlights of the Transaction<\/strong><\/p>\n