ISS Recommends That Bralorne Shareholders Vote “For“ the Plan of Arrangement With Avino
30.09.2014 | Marketwire
VANCOUVER, Sep 30, 2014 - Bralorne Gold Mines Ltd. ("Bralorne" or the "Company") (TSX VENTURE:BPM) (OTCQX:BPMSF) (BERLIN:GV7) (FRANKFURT:GV7) (WKN A0B75M) announces that Institutional Shareholder Services ("ISS") has recommended that shareholders vote "FOR" the special resolution to approve the plan of arrangement (the "Arrangement") between Bralorne and Avino Silver & Gold Mines Ltd. ("Avino") to be considered at the upcoming annual and special meeting of Bralorne shareholders and holders of Bralorne options to be held at 11:00 a.m. (Vancouver time) on Thursday October 9, 2014, at the Rosewood Hotel Georgia (Bowden Room), 801 West Georgia St., Vancouver, BC.ISS is an independent proxy advisory firm that, amongst other services, provides proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders. In its analysis, ISS reported:
"Given the Company's limited financial position, the transaction appears to be a better strategic alternative for the Company than operating on a stand-alone basis. As there appear to be no significant governance concerns, a vote 'FOR' this resolution is warranted." *
Bralorne's board of directors has recommended that shareholders vote "FOR" the Arrangement.
Shareholders are reminded to vote their proxy "FOR" the Arrangement prior to the proxy voting deadline of Tuesday, October 7, 2014 at 11:00 a.m. (Vancouver time).
The completion of the proposed Arrangement is subject to a number of customary conditions, including approval of the Supreme Court of British Columbia and the receipt of all necessary shareholder and regulatory approvals. The Company has received conditional approval (subject to customary conditions) from the TSX Venture Exchange with respect to the Arrangement.
Shareholders are encouraged to review the management information circular of Bralorne dated September 4, 2014 (the "Circular"), which provides a detailed discussion of the Arrangement. A copy of the Circular and related documents have been mailed to Bralorne shareholders and holders of Bralorne options. Copies of the Circular and related documents can be obtained via SEDAR (www.sedar.com) or by contacting Laurel Hill Advisory Group toll-free at 1-877-452-7184 or at 416-304-0211 or by email at assistance@laurelhill.com.
* Permission to quote from the ISS report was neither sought nor obtained.
How to Vote
| Voting Method | Registered Shareholders If your shares are held in your name and represented by a physical certificate | Beneficial Shareholders If your shares are held with a broker, bank or other intermediary | ||
| Internet | http://www.investorvote.com/ You will need your 15-digit control number located on your form of proxy. You may also obtain your control number from Computershare at 1-800-564-6253. | http://www.proxyvote.com/ You will need your 12-digit control number located on your voting instruction form. You may also obtain your control number from your broker. | ||
| Facsimile | 1-866-249-7775 416-263-9524 (outside North America) | Complete, date and sign the voting instruction form and fax it to the number listed therein. | ||
| Telephone | 1-866-732-8683 You will need your 15-digit control number located on your form of proxy. You may also obtain your control number from Computershare at 1-800-564-6253. | Call the toll-free telephone number listed on your voting instruction form and vote using the 12 digit control number provided therein. You may also obtain your control number from your broker. | ||
| Complete, date and sign the proxy and return to, Computershare Trust Company of Canada, Proxy Department, 100 University Avenue, 8th Floor, Toronto, Ontario, M5J 2Y1 | Complete, date and sign the voting instruction form and return it in the enclosed postage paid envelope. |
Securityholder Questions
If you have any questions about the information contained in the Circular or require assistance with voting your shares, please contact the Company's Proxy Solicitor, Laurel Hill Advisory Group, toll-free at 1-877-452-7184 or at 416-304-0211 or by email at assistance@laurelhill.com.
ON BEHALF OF BRALORNE'S BOARD
William Kocken
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement except as required by applicable securities legislation.
Contact
Bralorne Gold Mines Ltd.
William Kocken, Chief Executive Officer
604.682.3701
604.682.3600
ir@bralorne.com
www.bralorne.com