Alloycorp Mining completes going private transaction

August 9, 2016

Effective August 9, 2016, Alloycorp Mining Inc. (TSXV: AVT) was privatized by its major shareholders, Resource Capital Fund IV L.P. and Resource Capital Fund VI L.P. (collectively “RCF”), through an amalgamation of Alloycorp and an indirect wholly-owned subsidiary of RCF under the Business Corporations Act (British Columbia).

Primary Capital Inc. acted as financial advisor to the Special Committee of the Board of Directors of Alloycorp and had previously provided an opinion that the consideration to be received by the Alloycorp shareholders, other than RCF, pursuant to the amalgamation was fair from a financial point of view to the Alloycorp shareholders, other than RCF.

The Special Committee recommended that shareholders approve the special resolution in respect of the amalgamation at a meeting on August 8, 2016. At the meeting, shareholders approved the amalgamation by an affirmative vote of approximately 99.83% of the votes cast.

Peter McArthur advised Primary Capital with respect to this transaction.