Esperanza-Alamos deal gets backing from proxy firms

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Overig advies 17/08/2013 05:31
- Also News Release (C-AGI) Alamos Gold Inc
. Mr. Simon Venhuizen of Esperanza reports
- LEADING INDEPENDENT PROXY ADVISORY FIRMS RECOMMEND ESPERANZA SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED TRANSACTION WITH ALAMOS

Institutional Shareholder Services Inc. and Glass Lewis & Co., two leading proxy advisory firms, have recommended that shareholders of Esperanza Resources Corp. vote for the plan of arrangement with Alamos Gold Inc. to be voted on at a special meeting of the shareholders of Esperanza on Aug. 27, 2013.

In both reports, ISS and Glass Lewis recommend shareholders vote for the proposed transaction (previously reported by news release on July 12, 2013), where Alamos has agreed to acquire all of the issued and outstanding common shares of Esperanza. Esperanza shareholders will receive consideration of 85 cents in cash for each common share of Esperanza held and 0.0625 of an Alamos warrant. Alamos has applied to have the Alamos warrants listed on the Toronto Stock Exchange.

In its report, ISS stated, "A vote for is warranted based on a review of the terms of the transaction and, in particular, the significant premium, the favourable market reaction and no significantly noted governance concerns."

Glass Lewis also concluded that "the cash consideration provides shareholders with certainty of value and immediate liquidity at a time of significant industry uncertainty, while the warrant offers shareholders participation in the longer-term value of Alamos."

ISS is the leading provider of corporate governance solutions to the global financial community. More than 1,700 institutional clients rely on the expertise of ISS to help them make more informed investment decisions on behalf of their shareholders.

Glass Lewis is a leading, independent governance analysis and proxy voting firm, serving more than 900 institutional investors globally. Glass Lewis focuses its research on the long-term financial impact of investment and proxy vote decisions, and assists institutional investors to make sound decisions by uncovering and assessing governance, business, legal, political and accounting risks.

Attention Esperanza shareholders

Be sure to vote your proxy before 10 a.m. (Vancouver time) on Friday, Aug. 23, 2013. For more information and assistance in voting your proxy, please contact Kingsdale Shareholder Services Inc. at 1-866-581-1571 or by e-mail.

We seek Safe Harbor.








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