|Bid||1.0100 x 0|
|Ask||1.0200 x 0|
|Day's Range||1.0200 - 1.0200|
|52 Week Range||0.6000 - 1.0200|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
TORONTO, Oct. 16, 2019 -- Karmin Exploration Inc. (“Karmin” or the “Company”) (TSXV and Lima Stock Exchange: KAR) is pleased to announce that, at a special meeting of.
Karmin Exploration Inc. (“Karmin” or the “Company”) (TSXV and Lima Stock Exchange: KAR) announces that the Court of Queen’s Bench of Alberta (Commercial List) granted the Company’s motion for an interim order authorizing various matters including the mailing of the management information circular (the “Circular”) and the holding of the special meeting of Karmin shareholders (“Shareholders”) to be held on Wednesday, October 16, 2019 at 10:00 a.m. (Toronto time) at The National Club, 303 Bay Street, Toronto, Ontario, M5H 2R1 (the “Meeting”). The Meeting is being held to consider the previously announced plan of arrangement (the “Arrangement”) involving among other things, the acquisition of the Company by Votorantim Metals Canada Inc. (the “Purchaser”), a wholly-owned subsidiary of Nexa Resources S.A. (“Nexa”), for cash consideration of approximately US$0.77 (the “Consideration”) for each outstanding common share of the Company (each, a “Karmin Share”), pursuant to an arrangement agreement dated August 26, 2019 (the “Arrangement Agreement”) among Nexa, the Purchaser, the Company and Kar Gold Inc. (“Kar Gold”).
Karmin Exploration Inc. (“Karmin”) (TSXV and the Lima Stock Exchange: KAR) is pleased to report that significant milestones have been reached concerning its 30% owned Aripuanã Zinc Lead Copper Silver Project (“Aripuanã”) which is a main near-term growth project being run by its partner Nexa Resources S.A. (“Nexa”). Karmin has a 30% carried interest in Aripuanã and is not required to contribute to the project costs until the fourth quarter of 2019 which is one year after the completion of a feasibility study and the notification from Nexa that the development of Aripuanã will proceed.
Further to our news release on July 27, 2018, Karmin Exploration Inc. (“Karmin”) (TSXV and the Lima Stock Exchange: KAR) completed the sale of all the shares of Karmin’s wholly-owned subsidiary Karmin Peru S.A.C. (“Karmin Peru”), which held its 100% interest in the Cushuro Gold Project, to One Valley International Limited (as “Buyer”), One Valley Peru S.A.C. and its parent company VI Mining PLC (the “VI Mining”), on January 27, 2019. VI Mining is a public company in the United Kingdom whose shares trade on the NEX Exchange Growth Market (the (“NEX Exchange”).