benzinga4d ago
<div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder8658"> <p xmlns="http://www.w3.org/1999/xhtml"><a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/2980973/Aurion_Resources_Ltd__AURION_RESOURCES_LTD__FILES_MANAGEMENT_INF.html" target="_blank" rel="nofollow" rel="nofollow"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/2980973/Aurion_Resources_Ltd__AURION_RESOURCES_LTD__FILES_MANAGEMENT_INF.jpg" title="Aurion Resources Ltd. logo (CNW Group/Aurion Resources Ltd.)" alt="Aurion Resources Ltd. logo (CNW Group/Aurion Resources Ltd.)" /></a></p> </div> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Aurion's board of directors (with an interested director recusing himself) unanimously approved the Arrangement and recommends that securityholders vote FOR the Arrangement Resolution at the Meeting</i></li> <li xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Your vote is important no matter how many shares or warrants you hold. Vote today.</i></li> <li xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Securityholders who have questions or need assistance with voting their shares or warrants should contact Aurion's proxy solicitation agent and shareholder communications advisor Laurel Hill Advisory Group </i><i xmlns="http://www.w3.org/1999/xhtml">by telephone at 1</i><i xmlns="http://www.w3.org/1999/xhtml">‐</i><i xmlns="http://www.w3.org/1999/xhtml">877</i><i xmlns="http://www.w3.org/1999/xhtml">‐</i><i xmlns="http://www.w3.org/1999/xhtml">452</i><i xmlns="http://www.w3.org/1999/xhtml">‐</i><i xmlns="http://www.w3.org/1999/xhtml">7184 (416</i><b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">-</i></b><i xmlns="http://www.w3.org/1999/xhtml">304-0211 for shareholders outside North America), by texting "INFO" to either number or by email at [email protected] .</i></li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">ST. JOHN'S, NL</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">May 15, 2026</span> /CNW/ - <b xmlns="http://www.w3.org/1999/xhtml">Aurion Resources Ltd. </b>(TSXV:<a class="ticker" href="https://www.benzinga.com/quote/AU" rel="nofollow">AU</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/quote/AIRRF" rel="nofollow">AIRRF</a>) ("<b xmlns="http://www.w3.org/1999/xhtml">Aurion</b>" or the "<b xmlns="http://www.w3.org/1999/xhtml">Company</b>") announced today that it has filed and is in the process of mailing its management information circular (the "<b xmlns="http://www.w3.org/1999/xhtml">Circular</b>") and related materials for the Company's special meeting (the "<b xmlns="http://www.w3.org/1999/xhtml">Meeting</b>") of holders ("<b xmlns="http://www.w3.org/1999/xhtml">Shareholders</b>") of common shares of Aurion (the "<b xmlns="http://www.w3.org/1999/xhtml">Aurion</b> <b xmlns="http://www.w3.org/1999/xhtml">Shares</b>") and holders ("<b xmlns="http://www.w3.org/1999/xhtml">Warrantholders</b>", and collectively with the Shareholders, the "<b xmlns="http://www.w3.org/1999/xhtml">Securityholders</b>") of warrants to purchase Shares, to be held in a virtual-only format on Friday, June 5, 2026 at 12:30 p.m. (Toronto time) via live audio webcast online at <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689685-1&h=1838941211&u=https%3A%2F%2Fmeetnow.global%2FMXR56MR&a=https%3A%2F%2Fmeetnow.global%2FMXR56MR" target="_blank" rel="nofollow" rel="nofollow">https://meetnow.global/MXR56MR</a>. The Meeting materials are now available under Aurion's issuer profile at <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689685-1&h=1787144354&u=http%3A%2F%2Fwww.sedarplus.ca%2F&a=www.sedarplus.ca" target="_blank" rel="nofollow" rel="nofollow">www.sedarplus.ca</a> and on Aurion's website at <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689685-1&h=2198333658&u=http%3A%2F%2Fwww.aurionresources.com%2F&a=www.aurionresources.com" target="_blank" rel="nofollow" rel="nofollow">www.aurionresources.com</a>.</p> <p xmlns="http://www.w3.org/1999/xhtml">The Meeting will be held for Securityholders to consider and vote on a special resolution (the "<b xmlns="http://www.w3.org/1999/xhtml">Arrangement Resolution</b>") to approve the previously announced plan of arrangement (the "<b xmlns="http://www.w3.org/1999/xhtml">Arrangement</b>"), pursuant to which Agnico Eagle Mines Limited ("<b xmlns="http://www.w3.org/1999/xhtml">Agnico</b>") will acquire all of the issued and outstanding Aurion Shares (other than the Aurion Shares held by Agnico or any of its affiliates) for cash consideration of $2.60 for each Aurion Share held (the "<b xmlns="http://www.w3.org/1999/xhtml">Consideration</b>").</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">Board Recommendation</u></b></p> <p xmlns="http://www.w3.org/1999/xhtml">Aurion's board of directors (the "<b xmlns="http://www.w3.org/1999/xhtml">Board</b>") (with an interested director recusing himself), based in part on the unanimous recommendation of a special committee of the Board (the "<b xmlns="http://www.w3.org/1999/xhtml">Special Committee</b>") and the fairness opinions (the "<b xmlns="http://www.w3.org/1999/xhtml">Fairness Opinions</b>") received by the Special Committee from an independent advisor, Haywood Securities Inc. ("<b xmlns="http://www.w3.org/1999/xhtml">Haywood</b>") and by the Board from Stifel Nicolaus Canada Inc. ("<b xmlns="http://www.w3.org/1999/xhtml">Stifel</b>"), respectively, has unanimously determined that the Arrangement is fair and reasonable to the applicable Securityholders and in the best interests of the Company, and unanimously recommends that the Securityholders vote <b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">FOR</u></b> the Arrangement Resolution.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">Reasons for the Board Recommendation</u></b></p> <p xmlns="http://www.w3.org/1999/xhtml">In making its unanimous recommendation to the Securityholders, the Board considered and relied upon a number of factors, including, among others:</p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Significant Premium</b>. The Arrangement values the equity of the Company at approximately $481 million or $2.60 per Aurion Share. The Consideration represents a premium of approximately 46% to the closing price of the Aurion Shares on the TSX Venture Exchange (the "<b xmlns="http://www.w3.org/1999/xhtml">TSXV</b>") on April 17, 2026, the last trading day prior to the announcement of the Arrangement, and a premium of approximately 45% to the Company's 20-day volume weighted average price of the Aurion Shares on the TSXV for the period ending on April 17, 2026.</li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Certainty of Value and Immediate Liquidity</b>. The Consideration offered to Shareholders under the Arrangement is all cash, which allows Shareholders to immediately realize value for all of their investment. It also provides certainty of value and immediate liquidity in comparison to the risks, uncertainties, difficulties and longer potential timeline for realizing equivalent value from the Company's business.</li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Deal Certainty</b>. The Special Committee and the Board considered Agnico's commitment to the Arrangement and creditworthiness, particularly Agnico's ability to finance the Arrangement with cash on hand and its track record of executing strategic transactions globally. For these and other reasons, the Special Committee and the Board believe that the Arrangement is likely to be completed in accordance with its terms and within a reasonably short time period, thereby allowing Shareholders to receive the Consideration in a reasonable time frame.</li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Company's Prospects as a Stand-Alone Business.</b> The Special Committee and the Board believe the Arrangement is an attractive proposition for the Securityholders relative to the status quo, taking into account the current and anticipated opportunities, risks and uncertainties associated with the Company's business, affairs, operations, industry and prospects, including the execution risks associated with its standalone strategic plan, specifically the continued exploration and development of ...</li></ul><p><a href=https://www.benzinga.com/pressreleases/26/05/n52592972/aurion-resources-ltd-files-management-information-circular-for-special-meeting-of-securityholders-?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=AURION RESOURCES LTD. FILES MANAGEMENT INFORMATION CIRCULAR FOR SPECIAL MEETING OF SECURITYHOLDERS IN CONNECTION WITH PROPOSED PLAN OF ARRANGEMENT WITH AGNICO EAGLE MINES LIMITED>Full story available on Benzinga.com</a></p>