The Arrangement was approved by the Court subject to the Company placing additional funds in escrow pending the resolution of an unproven claim by a third party. This condition does not affect the terms of the Arrangement, and, with Zijin's consent, the Company is in the process of satisfying this condition. Completion of the Arrangement is anticipated to occur by the end of August, 2020, subject to the satisfaction or waiver of all conditions precedent to completion. The Company expects that the Shares will be delisted from trading on the
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Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (together, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements may include, but are not limited to, statements and information with respect to conditions precedent to the Arrangement being satisfied, the receipt of the final order of the Court approving the Arrangement, the date of completion of the Arrangement and the delisting of the Shares from the
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: the Company and Zijin's ability to satisfy all conditions precedent required to complete the Arrangement; the timing of receipt of the final order and the delisting of the Shares; general business, economic, competitive, political, health and social uncertainties (including but not limited to in connection with the COVID-19 pandemic); government action; as well as those factors discussed in the sections entitled "Risk Factors" in the Company's management discussion and analysis for each of the year ended
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
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