Golden Band、事業再編に関して裁判所の承認を獲得

AsiaNet 64496（0626）

【サスカトゥーン（カナダ・サスカチュワン州）2016年5月19日PR Newswire＝共同通信JBN】Golden Band Resources Inc.（Golden Bandまたは同社）（TSX.V＝NEXボード：GBN.H）は、カナダ連邦倒産法（BIA）の下で2016年4月15日に開始した提案手続きに関し、2016年5月15日発表のニュースリリースで説明した猶予期間をさらに45日間延長し、同社の資産および／もしくは株式を市場で最も有利な価格で売却する「売却および投資勧誘の手続き」（SISP）を実施（事業再編）することを、サスカチュワン州女王座裁判所から認められたと発表した。この点で同社はSISPに関わるセールスエージェントとしてDeloitte Corporate Finance Inc.と契約した。法的拘束力を持たない意向表明書（LOI）の提出期限はサスカトゥーン時間2016年6月27日（月曜）午後5時になる。

同社はまたProcon Resources Inc.（Procon）子会社のCAMCE Holding Inc.と118万5000カナダドルの占有継続債務者条件規定書（DIP条件規定書）を交わした。Proconは2012年8月3日付の優先担保付きゴールドストリーム融資契約（融資契約）の下での融資企業で、Proconにとって規定書は2013年2月22日に有効になった。DIP条件規定書が定めた前払い金は事業再編の実行に利用するほか、同社の運転資金やその他の通常の支出に充てる。同社の全ての債務（総称してDIP債務）はDIP条件規定書に従って第1（その点で示す場合を除き）のランキングで担保される。裁判所は同社の資産の全てを担保とするよう命じている。

Proconはストーキングホース買い取り提案（ストーキングホース買い取り提案）も提出している。SISPの結果として、このストーキングホース買い取り提案がSISPに従って得られる最高のオファーとして裁判所に承認申請が出され、株式買い取り提案として実施される場合（裁判所の承認次第で）同社は発行済み株式の全てを回収、無効化、廃棄し、債権者に対するBIA提案に基づいて同社の新しい株式をProconに発行する。SISPの結果として、ストーキングホース買い取り提案がSISPに従って得られる最高のオファーとして裁判所に承認申請が出され、資産買い取り提案として実施される場合（裁判所の承認次第で）同社の全ての物的資産は許された不動産債務を除き、証券や料金、その他の制限なくProconへ無償で譲渡される。またSISPの結果として、Procon以外の第3者が条件の良い買い取り提案を出し、それを最も有利な提案として裁判所へ承認申請する場合は、そうした第3者の提案を実行する上で生じる取引を行い、同じような形式で（株式買い取り提案でも、資産買い取り提案でも）裁判所に承認が諮られる。

ストーキングホース買い取り提案に従ってProconが提出した買い取り価格は、融資契約に基づいて同社がProconに負う債務（2016年4月8日の融資契約完了期日で、専門家への手数料とコストを除き約1960万ドル）と、DIP条件規定書による同社の全ての債務、完了期日時点での同社の返済残高（DIP債務で優先と指定された）の合計と同額である。完了期日は2016年8月12日を超えないと見込まれている。

以上の事柄はさまざまな条件に縛られる。事業再編や上記の取引が順調に完了する保証はない。

▽Golden Bandについて

Golden Band Resources Inc.はサスカチュワン州北部のラロンジュ金鉱で操業していた元産金会社で、カナダのTSXベンチャー取引所のNEXボードへGBN.Hのシンボルで上場している。2011年4月1日に商業生産が公表された。鉱山の操業は中止された（2014年6月30日のニュースリリース参照）が、1994年以来活発にラロンジュ金鉱の開発に努め、870平方キロの鉱山用地を集積した。その範囲は13金鉱、Jolu、Decade、Star Lake、EP、Komis（ラロンジュ・プロジェクト地区）の5カ所の旧金山に及んだ。2016年4月15日に同社は事業再編のためにカナダ連邦倒産法50.4条の下で債権者への意向通知を申請している。

Golden Band Resources Inc.の取締役会を代表して、

「ポール・サクストン」

ポール・サクストン最高経営責任者（CEO）

▽詳細情報問い合わせ先

Investor Relations: +1 604-682-6852

Email:  info@goldenbandresources.com

http://www.goldenbandresources.com

Deloitte Corporate Finance Inc., Sales Agent:

同社の資産および／もしくは株式の買い取り提案の提出に関心のある全ての人は、Deloitte Corporate Finance Inc.に連絡をいただきたい。売却手続きの詳しい情報や案内に関しては以下の通り。

Kevin Becker: +1 604-640-4926

Email: kebecker@deloitte.ca

The Bowra Group, Trustee:

Kristin Gray: +1 780-809-1224

Email: kgray@bowragroup.com

ソース：Golden Band Resources Inc.

Golden Band Announces Court Order Obtained In Regard To Debt Restructuring Efforts

PR64496

SASKATOON, Saskatchewan, May 19, 2016 /PRNewswire=KYODO JBN/ --

Golden Band Resources Inc. ("Golden Band" or the "Company") (TSX.V (NEX Board):

GBN.H) announces that, in connection with the proposal proceedings initiated by

the Company on April 15, 2016 under the Bankruptcy and Insolvency Act (Canada)

(the "BIA"), it has obtained an Order of the Court of Queen's Bench For

Saskatchewan granting it  approval to, among other things, extend the stay of

proceedings outlined in the news release issued on April 15, 2016 for a further

45 days and undertake a sales and investment solicitation process (the "SISP")

to sell the assets and/or the shares of the Company at the best possible price

available in the marketplace (the "Restructuring").  In that regard, the

Company has engaged Deloitte Corporate Finance Inc. to act as sales agent in

connection with the SISP. The deadline for submission of non-binding letters of

intent ("LOI") is 5:00pm Saskatoon time on Monday, June 27, 2016.  

The Company has also entered into a $1,185,000.00 (CAD) debtor-in-possession

term sheet (the "DIP Term Sheet") with CAMCE Holding Inc., an affiliate of

Procon Resources Inc. ("Procon"), the lender under the senior secured gold

stream credit agreement (the "Credit Agreement") dated August 3, 2012 assigned

to Procon effective February 22, 2013.  Advances made pursuant to the DIP Term

Sheet will be used to implement the Restructuring and to provide for working

capital and other ordinary course expenditures of the Company.  All obligations

of the Company pursuant to the DIP Term Sheet (collectively, the "DIP

Obligations") shall be secured by a first (except as otherwise set out therein)

ranking, court ordered charge on all of the property of the Company.

Procon has also submitted a stalking horse credit bid (the "Stalking Horse

Credit Bid").  In the event that the result of the SISP is that the Stalking

Horse Credit Bid is put forward to the Court for approval as the best offer

available pursuant to the SISP and is implemented as a share bid, then (subject

to court approval) all of the existing equity interests in the Company will be

retracted, cancelled and extinguished and new equity interests in the Company

will be issued to Procon pursuant to a BIA Proposal To Creditors.  In the event

that the result of the SISP is that the Stalking Horse Credit Bid is put

forward to the Court for approval as the best offer available pursuant to the

SISP and is implemented as an asset bid, then (subject to court approval) all

of the material assets of the Company will be conveyed to Procon free and clear

of any security, charge or other restricted, other than permitted

encumbrances.  In the event that the result of the SISP is to yield a superior

offer from a third party other than Procon that is put forward to the Court for

approval as the best offer available, then the transaction arising out of such

third party offer would be implemented and put forward for court approval in a

similar manner (as either a share bid or an asset bid, as the case may be).

The purchase price offered by Procon pursuant to the Stalking Horse Credit Bid

is equal to the obligations of the Company to Procon under the Credit Agreement

as of the closing date (which, as of April 8, 2016, were approximately $19.6

million, exclusive of professional fees and costs), all obligations owed by the

Company pursuant to the DIP Term Sheet and any obligations of the Company that

are outstanding as of the closing date and that rank in priority to the DIP

Obligations.  The closing date is expected to be no later than August 12, 2016.

These matters are subject to various conditions and there can be no assurance

that the Restructuring or any transaction described above will be successfully

completed.

About Golden Band

Golden Band Resources Inc. is a former gold producer operating in the La Ronge

gold belt in northern Saskatchewan and is listed on the NEX board of the TSX

Venture Exchange in Canada under the symbol GBN.H. Commercial production was

declared on April 1, 2011. The Company has suspended mining operations (see

news release of June 30, 2014) but has been actively exploring the La Ronge

Gold Belt since 1994 and has assembled a land package of 870 km2, including 13

known gold deposits and five former producing mines, being Jolu, Decade, Star

Lake, EP and Komis (the La Ronge Project area). On April 15, 2016, the Company

filed a Notice of Intention To Make a Proposal to its Creditors under section

50.4 of the Bankruptcy and Insolvency Act (Canada), to assist its restructuring

efforts.

On behalf of the Board of Directors of Golden Band Resources Inc.,

"Paul Saxton"

Paul Saxton, CEO

For further information please contact:

Investor Relations: +1 604-682-6852

Email:  info@goldenbandresources.com

http://www.goldenbandresources.com

Deloitte Corporate Finance Inc., Sales Agent:

All parties with an interest in submitting a proposal for the assets and/or

shares of the Company should contact Deloitte Corporate Finance Inc. for

additional information and further instructions on the sales process:

Kevin Becker: +1 604-640-4926

Email: kebecker@deloitte.ca

The Bowra Group, Trustee:

Kristin Gray: +1 780-809-1224

Email: kgray@bowragroup.com

Caution Regarding Forward-Looking Information and Statements

This news release includes certain forward-looking statements or information.

All statements other than statements of historical fact included in this

release, including, without limitation, statements regarding the potential

restructuring and financing plans, objectives or expectations of Golden Band

Resources Inc. (Company) are forward-looking statements that involve various

risks and uncertainties. There can be no assurance that such statements will

prove to be accurate and actual results and future events could differ

materially from those anticipated in such statements. Important factors that

could cause actual results to differ materially from the Company's plans or

expectations include risks relating to the failure to obtain restructuring

proposals acceptable to the Company, necessary regulatory or shareholder

approvals, regulatory changes, timeliness of government or regulatory approvals

and other risks detailed herein and from time to time in the filings made by

the Company. The Company makes all reasonable efforts to update its corporate

information on a timely basis.

Neither 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.

SOURCE: Golden Band Resources Inc.