checkAd

     493  0 Kommentare Solvista Gold Corporation and Rockcliff Resources Inc. Announce filing of Rockcliff Management Information Circular

    TORONTO, ONTARIO--(Marketwired - May 12, 2015) - Solvista Gold Corporation (TSX VENTURE:SVV)(OTCQX:SVVZF) ("Solvista") and Rockcliff Resources Inc. (TSX VENTURE:RCR) ("Rockcliff") are pleased to announce that, further to the Joint Press Release issued April 20, 2015, Rockcliff has filed a comprehensive Management Information Circular (the "Circular") for the Annual and Special Meeting of Rockcliff to be held on June 17, 2015 to, among other things, seek approval for the amalgamation (the "Amalgamation") of Rockcliff and a wholly-owned subsidiary of Solvista ("Solvista Subco") pursuant to the amalgamation agreement dated April 17, 2015, as amended April 30, 2015, (the "Amalgamation Agreement"), whereby Solvista will acquire each of the issued and outstanding securities of Rockcliff (the "Transaction") in exchange for 0.9 of an equivalent security of Solvista (the "Exchange Ratio"). Following completion of the Transaction, the newly amalgamated company, which will hold all of Rockcliff's assets, will be a wholly-owned subsidiary of Solvista. The completion of the Transaction remains subject to a number of conditions, as set forth below. Solvista will have a total of 108,201,019 common shares issued and outstanding upon closing of the Transaction and the settlement of certain current liabilities of Rockcliff through the issuance of common shares of Solvista. A copy of the Circular is available on the SEDAR profile for Rockcliff at www.sedar.com.

    Ken Lapierre, President and Chief Executive Officer of Rockcliff stated "With the present working capital of Solvista and the exceptional copper assets of Rockcliff, the new "Solvista" will be well funded with a strong treasury of over $3.3M, a combined Management team with decades of mineral discovery experience and a dynamic Board of Directors with extensive experience in the financial sector. This will allow the new company to combine their talents and the result will be a company with an outstanding technical and financial team and the funds in place to continue with the primary goal of becoming mine finders within the Snow Lake Project located in Manitoba, Canada. I strongly urge the Rockcliff shareholders to vote in favour of the Amalgamation."

    Seite 1 von 4




    Verfasst von Marketwired
    Solvista Gold Corporation and Rockcliff Resources Inc. Announce filing of Rockcliff Management Information Circular TORONTO, ONTARIO--(Marketwired - May 12, 2015) - Solvista Gold Corporation (TSX VENTURE:SVV)(OTCQX:SVVZF) ("Solvista") and Rockcliff Resources Inc. (TSX VENTURE:RCR) ("Rockcliff") are pleased to announce that, further to the Joint Press Release …

    Schreibe Deinen Kommentar

    Disclaimer