MTB Metals Announces Securityholder and Court Approval for Plan of Arrangement With ExGen Resources

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On behalf of the Board of Directors of ExGen:
Jason Riley
President & CEO
Tel: 604-688-2641
For further information on ExGen:
Jason Tong
Chief Financial Officer
Email: ja***@***********up.ca“, “layout_section”: “in-page-link”}” rel=”nofollow noopener noreferrer” data-evt=”click” data-evt-typ=”click” href=”http://financialpost.com/mailto:ja***@***********up.ca” data-original-string=”ZGKK2KJONEgMnyGAEQe3rQ==7f4cOwnFryct9fm7Kg1tcpzBc0kV46qlRS5NdpzA5oJIVo=” title=”This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.” target=”_blank”>ja***@***********up.ca
Cell: 604-889-7827

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Neither the 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.

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Forward-Looking
Information: This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

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In this news release, forward-looking statements relate to, among other things, statements regarding: the Arrangement; the receipt of final TSXV approval for the Arrangement; the anticipated timeline for completing the Arrangement; the delisting of MTB’s shares from the TSXV following completion of the Arrangement; and the terms and conditions pursuant to which the Arrangement will be completed, if at all. These forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements.

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In respect of the forward-looking statements concerning the Arrangement, ExGen and MTB have each relied on certain assumptions that it believes are reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, stock exchange and other third party approvals, and the ability of the parties to satisfy, in a timely manner, the other conditions to the completion of the Arrangement. The Arrangement timeline may change for a number of reasons, including inability to secure necessary regulatory, stock exchange or other third-party approvals in the time assumed or the need for additional time to satisfy the other conditions to the completion of the Arrangement. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning timing.

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Risks and uncertainties that may cause such differences include but are not limited to: the risk that the Arrangement may not be completed on a timely basis, if at all; the conditions to the consummation of the Arrangement may not be satisfied; the risk that the Arrangement may involve unexpected costs, liabilities or delays; the possible occurrence of an event, change or other circumstance that could result in termination of the Arrangement; and other risk factors as detailed from time to time and additional risks identified in ExGen’s and MTB’s filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Failure to obtain the requisite approvals, or the failure of the parties to otherwise satisfy the conditions to or complete the Arrangement, may result in the Arrangement not being completed on the proposed terms, or at all.

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ExGen and MTB expressly disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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