RUGBY RESOURCES SHAREHOLDERS APPROVE ARRANGEMENT WITH PAMPA METALS聽
Rugby Resources (TSXV:RUG) and Pampa Metals (CSE:PM) announced that Rugby shareholders have overwhelmingly approved the previously announced statutory plan of arrangement. At the Special Meeting, 99.97% of votes cast were in favor of both the Arrangement Resolution and the SpinCo Option Plan Resolution, with 55.39% of eligible shares represented.
The arrangement involves Rugby, Pampa Metals, and Aegis Resources (SpinCo). The completion remains subject to court approval from the Supreme Court of British Columbia, scheduled for July 22, 2025. The transaction is expected to close around July 24, 2025, pending all customary closing conditions.
Rugby Resources (TSXV:RUG) e Pampa Metals (CSE:PM) hanno annunciato che gli azionisti di Rugby hanno approvato con ampia maggioranza il piano statutario di riorganizzazione precedentemente comunicato. Alla riunione speciale, il 99,97% dei voti espressi 猫 stato favorevole sia alla Risoluzione sull'Accordo che alla Risoluzione sul Piano Opzioni SpinCo, con il 55,39% delle azioni ammesse rappresentate.
L'accordo coinvolge Rugby, Pampa Metals e Aegis Resources (SpinCo). Il completamento 猫 soggetto all'approvazione della corte Suprema della British Columbia, prevista per il 22 luglio 2025. La transazione dovrebbe concludersi intorno al 24 luglio 2025, subordinatamente a tutte le consuete condizioni di chiusura.
Rugby Resources (TSXV:RUG) y Pampa Metals (CSE:PM) anunciaron que los accionistas de Rugby aprobaron de manera abrumadora el plan estatutario de reorganizaci贸n previamente anunciado. En la reuni贸n especial, el 99,97% de los votos emitidos estuvieron a favor tanto de la Resoluci贸n del Acuerdo como de la Resoluci贸n del Plan de Opciones SpinCo, con un 55,39% de las acciones elegibles representadas.
El acuerdo involucra a Rugby, Pampa Metals y Aegis Resources (SpinCo). La finalizaci贸n est谩 sujeta a la aprobaci贸n judicial de la Corte Suprema de Columbia Brit谩nica, programada para el 22 de julio de 2025. Se espera que la transacci贸n se cierre alrededor del 24 de julio de 2025, sujeto a todas las condiciones habituales de cierre.
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鞚� 頃╇硲鞚� Rugby, Pampa Metals, 攴鸽Μ瓿� Aegis Resources (SpinCo)毳� 韽暔頃╇媹雼�. 鞕勲電� 2025雲� 7鞗� 22鞚茧 鞓堨爼霅� 敫岆Μ韹办嫓旎熂牍勳晞欤� 雽�氩曥洂鞚� 鞀轨澑鞐� 霐半澕 雼澕歆戨媹雼�. 瓯半灅電� 氇摖 甏�搿�鞝侅澑 膦呺 臁瓣贝鞚� 於╈”頃橂姅 瓴届毎 2025雲� 7鞗� 24鞚�瓴� 鞕勲霅� 鞓堨爼鞛呺媹雼�.
Rugby Resources (TSXV:RUG) et Pampa Metals (CSE:PM) ont annonc茅 que les actionnaires de Rugby ont approuv茅 脿 une 茅crasante majorit茅 le plan d'arrangement statutaire pr茅c茅demment annonc茅. Lors de l'assembl茅e sp茅ciale, 99,97% des votes exprim茅s 茅taient en faveur de la r茅solution d'arrangement ainsi que de la r茅solution relative au plan d'options SpinCo, avec 55,39% des actions admissibles repr茅sent茅es.
L'arrangement implique Rugby, Pampa Metals et Aegis Resources (SpinCo). La finalisation est soumise 脿 l'approbation judiciaire de la Cour supr锚me de la Colombie-Britannique, pr茅vue pour le 22 juillet 2025. La transaction devrait 锚tre conclue aux alentours du 24 juillet 2025, sous r茅serve de toutes les conditions habituelles de cl么ture.
Rugby Resources (TSXV:RUG) und Pampa Metals (CSE:PM) gaben bekannt, dass die Aktion盲re von Rugby den zuvor angek眉ndigten statutarischen Umstrukturierungsplan mit 眉berw盲ltigender Mehrheit genehmigt haben. Bei der au脽erordentlichen Hauptversammlung entfielen 99,97% der abgegebenen Stimmen sowohl auf die Beschlussfassung zum Arrangement als auch auf die Beschlussfassung zum SpinCo-Optionsplan, wobei 55,39% der stimmberechtigten Aktien vertreten waren.
Das Arrangement umfasst Rugby, Pampa Metals und Aegis Resources (SpinCo). Der Abschluss steht noch unter dem Vorbehalt der gerichtlichen Genehmigung durch den Obersten Gerichtshof von British Columbia, die f眉r den 22. Juli 2025 angesetzt ist. Die Transaktion soll voraussichtlich um den 24. Juli 2025 abgeschlossen werden, vorbehaltlich aller 眉blichen Abschlussbedingungen.
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Vancouver, B.C., July 17, 2025 (GLOBE NEWSWIRE) -- Rugby Resources Ltd. (鈥淩ugby鈥�) (TSXV:RUG) and Pampa Metals Corp. (鈥淧ampa鈥�) (CSE:PM / FSE:FIR / OTCQX庐:PMMCF) are pleased to announce the voting results for the special meeting of shareholders (the "Rugby Shareholders") of Rugby held on July 16, 2025 in Vancouver, British Columbia (the "Special Meeting").
At the Special Meeting, the Rugby Shareholders considered a special resolution (the "Arrangement Resolution") approving the previously announced statutory plan of arrangement (the "Arrangement") with Pampa and Aegis Resources Ltd. (鈥淪pinCo鈥�) and an ordinary resolution (the 鈥淪pinCo Option Plan Resolution鈥�) approving the implementation of a stock option plan for SpinCo.
Rugby Shareholders, representing a total of
Completion of the Arrangement remains subject to court approval and other customary closing conditions. The Supreme Court of British Columbia hearing in respect of the final order is expected to take place at 10:00 a.m. (Vancouver time) on Tuesday July 22, 2025 (or as soon thereafter as legal counsel can be heard). Assuming the timely completion of these conditions, Rugby expects the Arrangement to close on or about July 24, 2025.
ON BEHALF OF THE RUGBY BOARD聽 聽 聽 聽 聽 聽INVESTOR CONTACT
Bryce Roxburgh | President & CEO聽 聽 聽 聽 聽 聽 聽Rob Grey | VP Corporate Communications
聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽
聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 Tel: 604.688.4941
ON BEHALF OF THE PAMPA BOARD聽 聽 聽 聽 聽 聽 聽INVESTOR CONTACT听听听听听听听听听听听听听听听听
Joseph van den Elsen | President & CEO聽 聽 聽 聽 Jordan Webster
聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽听听听听听听听听
ABOUT RUGBY RESOURCES
Rugby is an exploration company conducting 鈥榙iscovery stage鈥� exploration on a portfolio of copper, gold and silver targets in Colombia, Argentina and Chile. The Colombian Cobrasco Project is located along the western cordillera belt which hosts large scale copper molybdenum mines in Chile, Peru, and Panama (and more recent significant projects discovered in Ecuador). This belt has not been subjected to modern exploration in Colombia. Rugby looks to advance the Cobrasco Project to demonstrate the economic potential of a major discovery for Colombia. The discovery of significant new copper opportunities is essential for the mining industry to supply the copper necessary to transition from fossil fuels to advanced electrification.
ABOUT PAMPA METALS
Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange (CSE:PM), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) exchanges. In November 2023, the Company announced it had entered into an Option and Joint Venture Agreement for the acquisition of an
FORWARD-LOOKING STATEMENT
Certain of the statements made and information contained herein is 鈥渇orward-looking information鈥� within the meaning of the Canadian securities laws. This includes statements concerning whether the Arrangement will be consummated and the timing thereof and the obtaining of regulatory approvals required to consummate the Arrangement, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rugby, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Rugby holds certain of its projects under option agreements, which require annual cash payments, expenditure and/ or drilling requirements in order to maintain its interest. Should Rugby not be able to meet its obligations or renegotiate the agreements it will lose its rights under the option agreement. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the effect on prices of major mineral commodities such as copper and gold by factors beyond the control Rugby; events which cannot be accurately predicted such as political and economic instability, terrorism, environmental factors and changes in government regulations and taxes; the shortage of personnel with the requisite knowledge and skills to design and execute exploration programs; difficulties in arranging contracts for drilling and other exploration services; Rugby鈥檚 dependency on equity market financings to fund its exploration programs and maintain its mineral exploration properties in good standing; political risk that a government will change environmental regulations, taxes or mineral royalties in a manner that could have an adverse effect on Rugby鈥檚 assets or financial condition and impair its ability to advance its mineral exploration projects or raise further funds for exploration; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the interpretation of laws regarding ownership or exploration of mineral properties in Argentina, Chile and Colombia and in the sometimes ambiguous conveyancing characteristic of many resource properties, currency risks associated with foreign operations, the timing of obtaining permits to conduct exploration activities, the ability to conclude agreements with local communities and other risks and uncertainties; risks related to geopolitical conflicts; and including those described in each of Rugby鈥檚 management discussion and analysis and those contained in its financial statements for the year ended February聽28, 2025 filed with the Canadian Securities Administrators and available at In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Rugby undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange, Canadian Securities Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.
FAQ
What was the voting result for Rugby Resources' arrangement with Pampa Metals?
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What percentage of Rugby Resources shareholders participated in the Special Meeting vote?
What approvals are still needed for the Rugby Resources and Pampa Metals arrangement?
