Aris Gold proposal gets OK from holders of 7.5% gold-linked notes

By Wendy Van Sickle

Columbus, Ohio, Feb. 8 – Aris Gold Corp. said holders of its 7.5% senior secured gold-linked notes due 2027 voted on Tuesday to approve an amendment to the trust indenture governing the notes, according to a notice.

The amendment was supported by 78% of noteholders, with 99.5% of noteholders voting at Tuesday’s meeting voting in favor of the amendment.

The amendment will provide certain unsecured parent guarantees of future debt incurred by subsidiaries to advance and support the company’s strategy to grow into a larger, diversified gold producer.

Noteholders who provided an affirmative vote in favor of the proposed indenture amendment are eligible to receive $2.50 per $1,000 principal amount of notes.

The company retained Laurel Hill Advisory Group as proxy solicitation agent in connection with the meeting (877 452-7184, 416 304-0211, assistance@laurelhill.com).

Aris Gold is a Canadian mining company based in Vancouver, B.C.

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