Mandalay Mails Management Information Circular for Special Meeting of Shareholders

TORONTO, July 07, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX: MND, OTCQB: MNDJF) is pleased to announce that it has mailed the management information circular (the “Circular”) and related materials for the special meeting (the “Meeting”) of Mandalay shareholders (the “Mandalay Shareholders”) to approve the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”), pursuant to which Alkane Resources Limited (“Alkane”) has agreed to indirectly acquire all of the issued and outstanding common shares of Mandalay (the “Mandalay Shares”). Under the Arrangement, Mandalay Shareholders will be entitled to receive, for each Mandalay Share held, 7.875 fully paid ordinary shares in the capital of Alkane (the “Consideration”), all as more particularly described in the Circular and the joint news release of Mandalay and Alkane dated April 27, 2025.

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