Northern Tiger & Redtail Metals Merger Receives Conditional Approval; Northern Tiger Changes Name to Golden Predator Mining C...
17 4월 2014 - 9:30PM
Business Wire
Redtail Metals Corp. (TSX-V: RTZ) (“Redtail”) and
Northern Tiger Resources Inc. (TSX-V: NTR) (“Northern
Tiger”) are pleased to announce that the TSX Venture Exchange
has conditionally approved the proposed merger of Redtail and
Northern Tiger, and all related transactions. Concurrently, the
Exchange approved the change of Northern Tiger’s name to “Golden
Predator Mining Corp.” and the consolidation of Northern Tiger’s
share capital on a 7 (old) for 1 (new) basis.
The shares of Northern Tiger and Redtail have been halted
pending completion of the merger, which is anticipated to occur on
Thursday, April 17, 2014. Following completion of the merger,
Northern Tiger shares will commence trading on the TSX Venture
Exchange, on a consolidated basis, under the trading symbol “GPY”
and Redtail will be delisted.
A new CUSIP number of 38116P105 and a new ISIN number of
CA38116P1053 have been obtained to distinguish the name change and
consolidation. As a result of the consolidation (but excluding
shares issued to Redtail shareholders on the merger), Northern
Tiger will have 8,366,832 common shares issued and outstanding. If,
as a result of the consolidation, a shareholder becomes entitled to
receive a fractional common share, such fraction will be rounded
down to the nearest whole number.
About Golden Predator Mining Corp.
Golden Predator’s corporate mandate is to advance the Brewery
Creek Mine towards production by obtaining a joint venture partner.
The Brewery Creek Mine operated from 1996 to 2002, before closing
down due to low gold prices. Golden Predator has identified
significant resources and engineering, environmental and heritage
studies are underway to support current permitting requirements. A
2012 Socio Economic Accord with the Tr'ondek Hwech'in First Nation
is in place with respect to Brewery Creek. The Company also holds
additional advanced projects with current resources and/or new
discovery potential such as 3Aces, Grew Creek and the Marg &
Clear Lake deposits.
For additional information:
William M. Sheriff, Interim CEO
Greg Hayes Redtails Metals Corp. President & CEO (208)635-5415
(587)524-1599
info@redtailmetals.com
info@northern-tiger.com
www.redtailmetals.com
www.northern-tiger.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. All statements, other than
statements of historical fact, included herein including, without
limitation; statements about the terms and completion of the merger
and related transactions are forward-looking statements. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following
risks: failure to satisfy all conditions precedent to the merger,
including shareholder approval, final approval of the TSX Venture
Exchange and completion of the concurrent financing and the AMB
acquisition, and the additional risks identified in the management
discussion and analysis section of Redtail Metal Corp.’s or
Northern Tiger Resources Inc.’s interim and most recent annual
financial statement or other reports and filings with the TSX
Venture Exchange and applicable Canadian securities regulators.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and the
respective companies undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change, except as required by
applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.
Redtails Metals Corp.William M. Sheriff, 208-635-5415Interim
CEOinfo@redtailmetals.comwww.redtailmetals.comorNorthern Tiger
Resources Inc.Greg Hayes, 587-524-1599President &
CEOinfo@northern-tiger.comwww.northern-tiger.com
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