Balmoral Resources Ltd. Announces Receipt of Interim Court Order with Respect to Proposed Acquisition by Wallbridge Mining Company Limited

Mar 24, 2020

VANCOUVER, British Columbia and TORONTO, March 24, 2020 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge”) and Balmoral Resources Ltd. (TSX:BAR; OTCQX:BALMF) (“Balmoral”) (collectively the “Parties”) announced that Balmoral has been granted an interim order by the Supreme Court of British Columbia (the “Interim Order”) in connection with the previously announced (see NR20-04, March, 2, 2020) business combination between the Parties. The Interim Order authorizes Balmoral to proceed with various matters, including the holding of a special meeting of Balmoral securityholders to consider and vote on the proposed Plan of Arrangement (the “Proposed Transaction”) whereby Wallbridge proposes to acquire all of the issued and outstanding common shares of Balmoral.

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