Oban completes business combination with NioGold

March 11, 2016

On March 11, 2016, Oban Mining Corporation (TSX: OBM) and NioGold Mining Corp. (TSXV: NOX) announced the successful completion of their previously announced business combination, pursuant to which Oban acquired all of the common shares of NioGold by way of a court approved plan of arrangement.

With the arrangement now complete, Oban intends to cause the NioGold shares to be delisted from the TSX Venture Exchange and NioGold intends to submit an application to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.

Primary Capital Inc. acted as the exclusive financial advisor of the Oban Special Committee, providing an opinion that the consideration offered by Oban in respect of the arrangement was fair, from a financial point of view, to Oban and Oban’s shareholders.

Peter McArthur of Miller Thomson advised Primary Capital with respect to this transaction.