Fox River Urges Securityholders to Vote on Arrangement with Avenir

Fox River Resources Corporation is reminding shareholders and optionholders to prepare for a pivotal meeting on June 23, 2026. The discussion centers on a special resolution for a plan of arrangement with Avenir Minerals Limited, offering $1.10 per common share.

The arrangement seeks approval from securityholders, who stand to receive a 20% premium over the prior 30-day average share price. The $94.3 million equity valuation offers immediate liquidity and certainty amid industry challenges.

Proxy votes must be submitted by June 19, 2026, to be valid. Legal frameworks ensure fairness, requiring a significant majority vote and court approval. Amendments now extend dissent rights to more shareholders, further promoting inclusivity in this decision-making process.