VANCOUVER, Dec. 19, 2017 /CNW/ - Marlin Gold Mining Ltd. (TSX-V: MLN) ("Marlin" or the "Company") is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia dated December 18, 2017 to implement the Company's previously announced plan of arrangement (the "Arrangement") to reorganize its business, including the spin-off of its wholly-owned subsidiary, Sailfish Royalty Corp. ("Sailfish").
In addition, Marlin announces that at its annual and special meeting of shareholders held on December 14, 2017 (the "Meeting"), Marlin's shareholders voted in favour of the proposed Arrangement. More than 99% of the common shares of the Company voted at the Meeting were voted in favour of the special resolution approving the Arrangement and the plan of arrangement implementing it.
If all other conditions to the Arrangement are obtained or waived, including obtaining the final approval of the TSX Venture Exchange ("TSX-V") and the completion of the previously announced Tocantinziho royalty acquisition, the Company expects to close the transactions contemplated by the Arrangement by the end of December 2017. The Company will issue a press release providing further details on the timing of closing and the listing of the Sailfish common shares on the TSX-V in due course.
For further details, please refer to the Company's management information circular dated November 15, 2017, available under the Company's profile on SEDAR at www.sedar.com.
About Marlin
Marlin is a growth-oriented gold and silver mining company focused on the Americas. The company owns three properties located in Mexico and the USA and a portfolio of royalties. Marlin's priority is to profitably operate its La Trinidad Mine, conduct further exploration on its other projects and enhance shareholder value through the spin-off of its wholly owned subsidiary, Sailfish Royalty Corp. Marlin is backed by a well-funded investor with a successful track record in the resources sector. The La Trinidad Mine in Sinaloa, Mexico declared commercial production on November 1, 2014 and is one of the highest-grade open pit heap leach gold mines in Mexico.
