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Jan. 31, 2014 /PRNewswire/ -
Primero Mining Corp. ("Primero" or the "Company") (TSX:P) (NYSE:PPP) and
Brigus Gold Corp.("Brigus") (TSX:BRD) (NYSE:BRD) today jointly announced that their respective information circulars (the "Information Circulars") prepared in connection with the previously announced arrangement, whereby Primero will acquire all outstanding common shares of Brigus pursuant to a plan of arrangement (the "Arrangement"), have been mailed to the respective shareholders of Primero and
The special meetings of Primero and
Brigus shareholders (the "Meetings") are scheduled to be held on
February 27, 2014, and the closing of the Arrangement is expected to occur on or about
March 5, 2014. Primero shareholders are reminded to vote before the proxy cut-off of
5:00 p.m. (
Toronto time) on
February 25, 2014.Brigus shareholders are reminded to vote before the proxy cut-off of
11:00 a.m. (
Halifax time) on
February 25, 2014.
All Primero and
Brigus shareholders are encouraged to read their respective Information Circulars with respect to the Arrangement, which were mailed to Primero and
Brigus shareholders of record as of
January 27, 2014 and are available on SEDAR at
www.sedar.com and on the SEC's website at
www.sec.gov. The Information Circulars contain a detailed description of the Arrangement and a description of Primero after giving effect to the Arrangement. The Boards of Directors of both Primero and
Brigus have each unanimously recommended that their shareholders vote in favour of the Arrangement at the Meetings.
The consideration offered to
Brigus shareholders by Primero represents a 45% premium to
Brigus' closing price, as at
December 13, 2013 (the prior trading day to the announcement of the Arrangement), on the Toronto Stock Exchange and before ascribing any value to SpinCo.
Kingsdale Shareholder Services Inc. has been retained by Primero and
Brigus as the information agent and proxy solicitor in connection with the proposed transaction. Shareholders with questions can contact Kingsdale Shareholder Services Inc. North American toll free: 1-866-228-2532, or via email at
Refer to Primero's News Release dated December 16, 2013 titled "Primero to Acquire Brigus Gold and Create a Diversified, Americas Based Mid-Tier Gold Producer" available on SEDAR at www.sedar.com or www.primeromining.com.
Primero Mining Corp. is a Canadian-based precious metals producer and owns 100% of the
San Dimas gold-silver mine and 100% of the Cerro del Gallo gold-silver-copper development project in
Mexico. Primero offers immediate exposure to un-hedged, low cash cost gold production with a substantial resource base in a politically stable jurisdiction. The Company has intentions to become an intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas.
Primero's website is
For further information, please contact: