VANCOUVER, Dec. 21, 2017 /CNW/ - Marlin Gold Mining Ltd.
(TSX-V: MLN) ("Marlin" or the "Company") is pleased to announce
that, further to its December 19,
2017 press release it expects to close 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") on December 22, 2017.
Pursuant to the Arrangement Marlin shareholders as of the close
of business on December 21, 2017 will
receive for every five shares of Marlin (the "Old Marlin Shares")
one share of Sailfish (a "Sailfish Share") and five new common
shares of Marlin (the "New Marlin Shares"). To facilitate closing
of the Arrangement, Marlin expects that the Old Marlin Shares will
be de-listed from the TSX-V following the close of trading on
December 21, 2017. The Sailfish
Shares and New Marlin Shares will be listed on the TSX-V effective
as of December 22, 2017, with the
Sailfish Shares having the symbol "FISH" and the New Marlin Shares
having the same symbol as the Old Marlin Shares, "MLN".
Marlin expects that the New Marlin Shares and Sailfish Shares will
be halted at the open of trading on December
22, 2017, with trading to commence in the New Marlin Shares
following confirmation that the Arrangement has closed and trading
to commence in the Sailfish Shares the following week after receipt
by the TSX-V of certain customary closing deliveries.
For further details about the Arrangement, 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
None of the securities to be issued under the Arrangement
have been or will be registered under the United States Securities
Act of 1933, as amended, or any state securities laws, and such
securities are anticipated to be issued in the United States pursuant to exemptions from
such registration requirements. This news release does not
constitute an offer of any securities for sale, nor a solicitation
for offers to buy any securities.
Cautionary statement regarding
forward‐looking information
This news release contains "forward-looking statements"
within the meaning of applicable securities laws. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by words such as the
following: expects, plans, anticipates, believes, intends,
estimates, projects, assumes, potential and similar expressions.
Forward-looking statements also include reference to events or
conditions that will, would, may, could or should occur, including,
without limitation, statements relating to the completion of the
Arrangement. These forward-looking statements are necessarily based
upon a number of estimates and assumptions that are based on
management's expectations and considered reasonable at the time
they are made, including among others: that the Company will obtain
all regulatory approvals for the Arrangement; that the Company will
be able to complete the Arrangement as expected; that the SpinCo
Shares will be accepted for listing on the TSX-V; and that the
Company will complete the acquisition of the TZ Royalty
concurrently with the Arrangement. Investors are cautioned that all
forward-looking statements are inherently subject to a variety of
risks and uncertainties which could cause actual events or results
to differ materially from those reflected in the forward-looking
statements, including, without limitation: that the Company may be
unable to obtain all necessary regulatory approvals for the
Arrangement as and when expected or at all; that the Arrangement
may not be completed as expected or at all; that the Company may
not close the acquisition of the TZ Royalty as expected or at all;
and other risks and uncertainties, including those described in the
Company's annual management's discussion and analysis filed on
SEDAR at www.sedar.com. As a result, readers are
cautioned not to place undue reliance on these forward-looking
statements. The forward-looking statements contained in this news
release are made as of the date of this release. Unless required by
law, Marlin has no intention to and assumes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
SOURCE Marlin Gold Mining Ltd.