Everything approved re sale of CYD to AEM
"CAYDEN SECURITYHOLDERS APPROVE ACQUISITION OF CAYDEN BY AGNICO EAGLE
Cayden Resources Inc.'s plan of arrangement, pursuant to which Agnico Eagle Mines Ltd. will acquire all of the issued and outstanding common shares of the company, including common shares issuable on the exercise of outstanding options and warrants of the company, was approved by shareholders and other securityholders of Cayden at the special meeting of Cayden securityholders held on Oct. 27, 2014. At the meeting, approximately 99.0% of the votes cast by Cayden securityholders, voting as a single class, and 98.5% of the votes cast by Cayden shareholders (excluding the votes cast by those persons whose votes were excluded pursuant to Multilateral Instrument 61-101 {A –} Protection of Minority Security Holders in Special Transactions for the purposes of obtaining minority approval) were voted in favour of the Arrangement.
The Arrangement
Under the Arrangement, Cayden shareholders will be entitled to receive 0.09 of an Agnico Eagle share and C$0.01 for each Cayden common share held. Cayden is seeking a final order of the Supreme Court of British Columbia to approve the Arrangement at a hearing expected to be held on October 29, 2014. In addition to the approval of the court, the Arrangement is subject to Mexican anti-trust approval and the satisfaction of other closing conditions customary in a transaction of this nature. Cayden and Agnico Eagle are actively pursuing the receipt of Mexican anti-trust approval. It is currently expected that, subject to receipt of all approvals, the transaction will close around the end of 2014.
Full details of the Arrangement and certain other matters are set out in the management information circular of Cayden dated September 26, 2014 (the "Information Circular"). A copy of the Information Circular and other meeting materials can be found on Cayden's website at www.caydenresources.com or on SEDAR at www.sedar.com."
AI
