To provide investor relations support and counsel to Gryphon Minerals in order to build shareholder acceptance for a recommended Scheme of Arrangement with Teranga Gold Corporation.
Cannings Purple worked intensively with the Company and its legal team to achieve shareholder acceptance of the offer. This involved targeted shareholder and media relations, inbound and outbound call campaigns, profile-building of the target company through conferences, financial media articles and broker and investor presentations and interviews.
The key goal for Gryphon Minerals’ investor relations program was to secure a positive shareholder acceptance of Teranga’s offer. This was achieved over and above the company’s expectations when 91% of shareholders and 97.7% of shares voted were in favour of the Scheme. The $63 million merger with Teranga was successfully executed.