Golden Band、債権者提案と株式抹消を裁判所に承認申請

Golden Band Resources Inc.

2016/7/25 15:14

Golden Band、債権者提案と株式抹消を裁判所に承認申請

AsiaNet 65204 (0906)

【サスカトゥーン(カナダ・サスカチュワン州)2016年7月23日PR Newswire=共同通信JBN】
*TSX.V (NEX Board): GBN.H

Golden Band Resources Inc.(「Golden Band」、TSX.V=NEXボード:GBN.H)のカナダ連邦倒産法(BIA)に基づく提案は2016年7月22日、債権者によって承認された。


a)Procon Resources Inc.もしくはその指名人(「Procon」)が入札手続き(「ストーキング・ホース・クレジット・ビッド」)の下でGolden Bandの株式を取得する。

b)Golden Bandのすべての株式と資本持ち分(「既存資本持ち分」)は回収、取り消し、抹消され、Golden Bandの新しい資本持ち分がProconへ発行される。

ストーキング・ホース・クレジット・ビッド(破産法申請前の企業の仮の買い主よる買い取り提案)に基づくProconによる買い取り価格は、融資契約の下でのGolden BandのProconに対する債務(約1960万ドルに専門家手続き料と費用を加えた額)と、DIP(占有継続債務者)タームシートに準拠するGolden Bandのすべての債務、Golden Bandのその他の債務を合わせた額になる。債務はDIPオブリゲーションで優先される期日時点の未返済残高。期日は2016年8月12日に想定されている。



場所:Court House, 520 Spadina Crescent East, Saskatoon, Saskatchewan, Canada.




Golden Band Resources Inc.,

Investor Relations:

The Bowra Group
Trustee: Kristin Gray:

ソース:Golden Band Resources Inc.

Golden Band Seeks Court Approval of Proposal to Creditors & Cancellation of Existing Shares


SASKATOON, Saskatchewan, July 23, 2016 /PRNewswire=KYODO JBN/ --

-- TSX.V (NEX Board): GBN.H

The Bankruptcy and Insolvency Act proposal by Golden Band Resources Inc.
("Golden Band") to its creditors (the "Proposal") was approved by creditors on
July 22, 2016.

Subject to court approval, the Proposal contemplates:

a)      Procon Resources Inc. or its nominee ("Procon") acquiring the shares
        of Golden Band under a bid transaction (the "Stalking Horse Credit
        Bid"); and

b)      all existing shares and equity interests in Golden Band (the "Existing
        Equity Interests") will be retracted, cancelled and extinguished and
        new equity interests in Golden Band will be issued to Procon.

The purchase price by Procon under the Stalking Horse Credit Bid equals the
obligations of Golden Band to Procon under the Credit Agreement (approximately
$19.6 million, plus professional fees and costs), all obligations owed by
Golden Band pursuant to the DIP Term Sheet and any obligations of Golden Band
outstanding as of the closing date that rank in priority to the DIP
Obligations.  The closing date is expected to be August 12, 2016.

As sales and investment solicitation procedures failed to yield qualified bids
for amounts in excess of the Stalking Horse Credit Bid, the Stalking Horse
Credit Bid of Procon has been put forward to the Court for approval as the best
offer available.

Particulars of the hearing (the "Hearing") at which the Court of Queen's Bench
For Saskatchewan will be asked to approve the Proposal are as follows:

Location:           Court House, 520 Spadina Crescent East, Saskatoon,
                     Saskatchewan, Canada.
Date & Time:        Friday, August 12, 2016 at 10:00 a.m. Mountain Daylight
Online Access to
Hearing Materials:!golden-band-resources/edi9w.


Golden Band Resources Inc.,

"Paul Saxton"
Paul Saxton, CEO

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.

For further information:
Investor Relations:

The Bowra Group
Trustee: Kristin Gray:

SOURCE:  Golden Band Resources Inc.