Congratulations to Golden Valley Mines and Royalties Ltd. (“Golden Valley”) and Abitibi Royalties Inc. (“Abitibi”) on their recent acquisition by Gold Royalty Corp.
The acquisitions were undertaken by way of two statutory plans of arrangement pursuant to section 288 of the British Columbia Business Corporations Act and section 192 of the Canada Business Corporations Act.
Shane Coblin represented Golden Valley and Abitibi in the court approval process, first obtaining the initial orders approving the calling of the necessary shareholders meetings, setting the procedures for approval of the transactions, and providing for dissent rights. Following approval by the shareholders, Shane returned to court to obtain the final orders approving the plans of arrangement as fair and reasonable.
The combination of these business was completed and announced by press release on November 5, 2021.”