Nord Gold NV And High River Gold Mines Ltd. Announce Completion Of Second Stage Arrangement


Wednesday, 13 Mar 2013 06:59am EDT 

Nord Gold NV announced the completion of their previously announced second stage statutory plan of arrangement (the Arrangement) under theBusiness Corporations Act(Yukon), whereby Nordgold acquired all of the outstanding common shares (the High River Shares) of High River that Nordgold did not already own. The Arrangement was approved by the requisite majority of holders of High River Shares and holders of options to acquire High River Shares (collectively, Securityholders) at a special meeting of Securityholders held on February 25, 2013. On February 28, 2013, the Supreme Court of Yukon issued a final order approving the Arrangement. The Arrangement became effective on March 12, 2013. High River has applied for the High River Shares to be delisted from the Toronto Stock Exchange. In addition, High River intends to apply and make the required filings with the relevant Canadian securities regulatory authorities in order for High River to cease to be a reporting issuer or the equivalent in the relevant Canadian provinces. Under the terms of the Arrangement, each holder of a High River Share (other than Nordgold) was entitled to elect to receive, at the discretion of the holder, either CAD1.40 (the Cash Alternative) or 0.285 Nordgold global depositary receipts per High River Share. 

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