Institutional Proxy Firms Urge Horizon Securityholders to Approve Royal Gold Arrangement Plan
Major Proxy Advisory Firms Endorse Horizon's Proposal
In recent news from Vancouver, Horizon Copper Corp. (TSXV: HCU) has received a significant endorsement from leading institutional proxy advisory services. Institutional Shareholder Services Inc. (ISS) and similar firms have recommended that securityholders of Horizon Copper vote in favor of the proposed arrangement with Royal Gold, Inc. This arrangement is set to be voted on during the special meeting scheduled for October 9, 2025.
Key Highlights from the Recommendation
The ISS report underscored the attractive cash offer provided by Royal Gold, emphasizing a 72.4% premium over the share price on a date unaffected by market fluctuations. Such a substantial premium is pivotal in offering both immediate and certain value to the shareholders, prompting a strong recommendation for approval from the Board of Directors of Horizon Copper.
The Board has unanimously advised securityholders to support the proposed resolution that seeks to formalize this beneficial arrangement. The forthcoming meeting will not only involve voting but also discussions around Horizon's promising portfolio, which includes interests in some of the world’s most significant copper assets.
Special Meeting Details
Horizon Copper's special meeting for securityholders will occur on October 9, 2025, at 8:00 AM local Vancouver time. The venue is set for the Copper Boardroom at the company’s headquarters, located at Suite 3200, 733 Seymour Street, Vancouver, British Columbia, Canada. Interested parties can access more information and relevant documentation on Horizon's website, providing a resourceful avenue for stakeholders to evaluate the proposal further.
Securityholders are encouraged to carefully review the management information circular that has been distributed alongside the voting materials. The circular outlines essential details regarding the arrangement and instructions on the voting procedure. The cut-off date for submitting proxy votes is 8:00 AM on October 7, 2025, giving shareholders a short window to act.
Voting Process and Assistance
For registered securityholders, voting can be conveniently completed online at www.investorvote.com or through the specified toll-free telephone service. On the other hand, beneficial securityholders, who hold shares through brokers or banks, are directed to use www.proxyvote.com for their submissions. Each group has been instructed to return their respective proxy forms via mail using pre-paid envelopes provided.
Should there be any uncertainties or inquiries regarding the voting process, shareholders have the opportunity to engage with the company's proxy solicitation agent, the Laurel Hill Advisory Group. They can be reached through a toll-free number or email for dedicated support.
About Horizon Copper Corp.
Horizon Copper stands as a recognized player in the copper sector, fortified by its impressive collection of copper-related assets. Noteworthy assets include a 1.66% net profit interest in the prominent Antamina copper mine and a 24% equity interest in Entrée Resources Ltd., which operates the Oyu Tolgoi copper mine. Furthermore, the company holds a 30% stake in the copper-gold Hod Maden project, which enhances its portfolio substantially. For those seeking detailed insights into their current operations and future directions, Horizon’s website serves as a comprehensive resource.
Conclusion
The imminent decision to vote on the arrangement with Royal Gold presents a crucial juncture for Horizon Copper's future. With leading advisory firms advocating strongly for the proposal, securityholders face an important opportunity to secure valuable returns and solidify their stake in a thriving industry. Engagement in the voting process is vital and will shape the future trajectory of Horizon Copper and its stakeholders for years to come.