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Treasury Metals Announces Filing of Annual and Special Meeting Materials in Connection with Proposed Arrangement

Press Release


  • Treasury Metals is holding its Annual and Special Meeting of Shareholders on June 26, 2024 at 1:00 p.m. (Eastern Time)
  • The Special Committee and Board of Directors of the Company Unanimously Recommend that Shareholders Vote FOR the matters relating to the Arrangement with Blackwolf Copper and Gold Ltd.
  • Shareholders are encouraged to vote well in advance of the proxy voting deadline on June 24, 2024 at 1:00 p.m. (Eastern time)

TORONTO, June 05, 2024 – Treasury Metals Inc. (TSX: TML; OTCQX: TSRMF) (“Treasury Metals” or the “Company”) announces that it has filed its notice of annual and special meeting of shareholders, management information circular (the “Circular”) and related materials (together, the “Meeting Materials”) with securities regulators. The Circular contains information regarding the annual and special meeting (the “Meeting”) of the holders of common shares in the capital of the Company (the “Shareholders”), to be held on Wednesday June 26, 2024 at 1:00 p.m. (Eastern time) at the offices of Cassels Brock & Blackwell LLP, located at Suite 3200, Bay Adelaide Centre – North Tower, 40 Temperance Street, Toronto, Ontario, Canada.

On May 1, 2024, the Company entered into a definitive agreement with Blackwolf Copper and Gold Ltd. (“Blackwolf”) pursuant to which the Company will acquire all of the common shares of Blackwolf (“Blackwolf Shares”) pursuant to a statutory plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia). Each Blackwolf shareholder will be entitled to receive 0.607 of a common share (the “Arrangement Shares”) in the capital of the Company for each Blackwolf Share held. The Arrangement will combine the two companies to advance the Company’s Goliath Gold Complex Project in Ontario towards production with a strengthened leadership, balance sheet and capital markets team.

At the Meeting, Shareholders will be asked to consider and vote on, among other things: (1) the issuance of the Arrangement Shares, (2) the issuance of common shares pursuant to a concurrent non-brokered flow-through financing, (3) the continuance of the Company into British Columbia; (4) the election of non-Arrangement and post-Arrangement boards of directors; and (5) non-Arrangement and Arrangement omnibus equity incentive plans of the Company, all as set forth in greater detail in the Circular (collectively, the “Shareholder Resolutions”).

Board Recommendation

The board of directors of the Company (the “Board”), based in part on the fairness opinion that the special committee of directors of the Board (the “Special Committee”) received from RwE Growth Partners, Inc., and the unanimous recommendation of the Special Committee, unanimously determined that the Arrangement is fair to the Shareholders and is in the best interest of the Company, and unanimously recommends that Shareholders vote FOR the Shareholder Resolutions. The determination of the Special Committee and the Board is based on various factors described more fully in the Circular.

Shareholders who hold shares as of the record date of May 21, 2024 will be eligible to vote. Voting instructions are included in the Circular, and eligible Shareholders are encouraged to vote well in advance of the proxy voting deadline on June 24, 2024 at 1:00 p.m. (Eastern time). The Meeting Materials can be found online at and under the Company’s issuer profile on SEDAR+ at Shareholders may also request a paper copy of these documents as indicated in the Circular, which has been mailed to Shareholders.

About Treasury Metals Inc.

Treasury Metals Inc. is a gold-focused company with assets in Canada. Treasury’s Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario. For information on the Goliath Gold Complex, refer to the technical report, prepared in accordance with NI 43-101, entitled “Goliath Gold Complex – NI 43-101 Technical Report and Prefeasibility Study” and dated March 27, 2023 with an effective date of February 22, 2023, led by independent consultants Ausenco Engineering Canada Inc. The technical report is available on SEDAR+ at, on the OTCQX at and on the Company website at


Jeremy Wyeth
President & CEO

Orin Baranowsky

Treasury Metals Inc.
T: +1 416-214-4654; Toll-free: +1-855-664-4654



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