Examples of using Newstrike in English and their translations into German
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Colloquial
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Official
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Ecclesiastic
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Medicine
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Financial
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Ecclesiastic
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Political
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Computer
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Programming
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Official/political
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Political
Newstrike has working capital of approximately $1.1 million.
In particular, each of Timmins Gold and Newstrike reports"resources" in accordance with NI 43-101.
Newstrike is a precious metal focused explorer, targeting known and historic mining districts in Mexico.
Upon completion of the Arrangement, one nominee of Newstrike will be appointed to the Timmins Gold board of directors.
Just one day before, Hexo was another positive development that helpedrevive the market when the company acquired Newstrike Brands Ltd.
Timmins Gold and Newstrike will host a joint conference call on Tuesday, February 17, 2015 at 8:30 a.m. Eastern Time, or 5:30 a.
The Company will also be preparing the Commodore andLac McVittie properties for drilling in 2009 with JV partners Newstrike Resources Limited and Barrick Gold Corporation respectively.
The Boards of Directors of both Timmins Gold and Newstrike have unanimously recommended that their respective shareholders vote in favour of the Arrangement.
On February 17, 2015, the Company announced that it had entered into an agreementwhereby the Company will acquire all of the issued and outstanding common shares of Newstrike Capital Inc.
Approval of the Arrangement by shareholders of Newstrike is being sought at a meeting of Newstrike shareholders that will also be held on April 29, 2015.
In connection with the closing of the Arrangement, Timmins Gold increased the size of its board of directors to nine, with Mark Backens,a former director of Newstrike being appointed to the Timmins Gold board of directors.
Except as required by applicable law, Timmins Gold and Newstrike do not intend to update any forward-looking statements to conform these statements to actual results.
The Circular, once filed, will be available on SEDAR and on the Company's website, and will provide detailed technical and financial information regarding the assets andoperations of Timmins, Newstrike and the combined company.
Under the terms of the Arrangement, Newstrike shareholders will receive 0.90(the"Exchange Ratio") of a Company common share and C$0.0001 in cash for each Newstrike common share.
The Arrangement Agreement has been unanimously approved by the b oards of d irectors of each of Newstrike and Timmins Gold a common director of Timmins Gold and Newstrike having recused himself.
On February 17, 2015, in connection with the Newstrike arrangement, the Company announced that it will undertake a non-brokered private placement of Timmins Gold shares in an aggregate amount of up to C$10 million at a price of C$1.25 per share.
Further information regarding the Arra ngement will be contained in information circular s that each of Timmins Gold and Newstrike will prepare, file and mail in due course to their respective shareholders in connection with the special meetings of each of the Timmins Gold and Newstrike shareholders to be held to consider the Arrangement.
The combination of Timmins Gold and Newstrike will immediately position Timmins Gold as an emerging intermediate gold company supported by current production and a very attractive pipeline of development projects," said Bruce Bragagnolo, CEO of Timmins Gold.
The implementation of the Arrangement will be subject to the approval of at least 66 â…"% of the votes cast by holders of Newstrike S hares, and if required under applicable securities law a majority of disinterested Newstrike Shareholders, at a special meeting of Newstrike shareholders expected to take place in April 2015.
In addition, each outstanding option to purchase a Newstrike Share will be exchanged for an option to purchase a Company common share with equivalent terms based upon the Exchange Ratio.
Commenting on the transaction, Richard Whittall, President and CEO of Newstrike, added"This transaction provides a n attractive premium to Newstrike's current share price, offers immediate leverage to gold production at the San Francisco mine and de-risks the future development of Ana Paula.
On April 29, 2015, the shareholders of the Company and the shareholders of Newstrike voted(over 92% and 98%, respectively) to approve the agreement entered into on February 17, 2015 between the Company and Newstrike, whereby the Company will acquire all of the issued and outstanding common shares of Newstr ike via the Arrangement.
Has provided a fairness opinion to the special committee of independent directors of Newstrike(the" Special Committee") that, subject to the assumptions, limitations and qualifications set out in such fairness opinion, the consideration to be received by Newstrike shareholders in connection with the Arrangement is fair, from a financial point of view, to such Newstrike shareholders.
These forward looking statements are subject to numerous risks and uncertainties,certain of which are beyond the control of Newstrike, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk.
