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Serengeti”) and Sun Metals Corp. (TSX-V: SUNM) (“ Sun Metals”) are pleased to announce that Sun Metals has obtained the final order from the Supreme Court of British Columbia with respect to the previously announced proposed plan of arrangement, pursuant to which Serengeti will acquire all of the issued and outstanding shares of Sun Metals, on the basis of 0.215 of a post-Consolidation (as defined below) Serengeti share for each Sun Metals share, which is 0.43 of a pre-Consolidation Serengeti share for each Sun Metals share on a pre-Consolidation basis (the “Transaction”). The Transaction was approved by Serengeti shareholders and Sun Metals securityholders at their respective meetings on February 26, 2021 and subject to receipt of all requisite approvals, including final TSX Venture Exchange approval, and waiver or satisfaction of all relevant conditions, closing of the Transaction is expected to be on or about March 5, 2021.

United kingdomBritish columbiaSteve robertsonDavid mooreBrian neillMark odeaDavidw mooreLauren mcdougallRichard bailesLewis lawrickTeodora dechevSean tetzlaffSupreme courtSun metals the companiesSerengeti resources incSun metals corp