Fox River Secures Approval for Plan of Arrangement with Avenir Minerals

Fox River Resources Corporation announced that its securityholders have approved the plan of arrangement with Avenir Minerals Limited. At a special meeting, over 97% of votes by shareholders and optionholders were in favor of this arrangement. Under the agreement, Avenir will acquire all outstanding common shares of Fox River, excluding those held by Avenir and affiliates, for a cash payment of $1.10 per share.

The arrangement needs final court approval, with a hearing set for June 24, 2026. If approved and all conditions met, the closing is anticipated on July 2, 2026. This development follows the terms outlined in the arrangement agreement dated May 4, 2026, between the two companies.

Fox River's detailed information about the arrangement is accessible on SEDAR+ and their official website, providing transparency and insight for interested parties.