Crazy Horse Announces Transaction Update
05 6월 2014 - 10:01PM
Access Wire
Vancouver, British Columbia /
ACCESSWIRE / June 5, 2014 /
Crazy Horse Resources Inc.
(the "Corporation") provides the
following update in connection with its proposed transaction with
Ballyliffin Capital Corp., as previously announced on May 1, 2014
(the "Transaction"). The Corporation has
executed a definitive amalgamation agreement ("Agreement") dated June 4, 2014
with Ballyliffin Capital Corp. ("Ballyliffin"), a capital pool
company listed on the TSX Venture Exchange ("Exchange"). Please refer to the
Corporation's press release dated May 1, 2014 for details of the
Transaction.
Subject to any regulatory,
director or other approvals that may be required, the completion of
satisfactory due diligence by the Corporation and other conditions
contained in the Agreement, the Transaction will involve an
amalgamation of the Corporation with Ballyliffin under the laws of
British Columbia. Upon completion of the Transaction, it is
expected that the resulting amalgamated issuer will be listed on
the Exchange as a Tier 1 mining issuer.
Additional Information and Description of Significant Conditions to
Closing
An Information Circular in
respect of the Transaction is currently being prepared and is
expected to filed in accordance with the Exchange shortly. A press
release will be issued once the Information Circular has been filed
with the Exchange.
Completion of the Transaction
is subject to a number of conditions in the Agreement, including,
but not limited to, the satisfaction of the Corporation and of
Ballyliffin of certain due diligence investigations to be
undertaken by each party, the completion of the name change,
continuance of Ballyliffin from Alberta into British Columbia,
customary closing conditions for transactions of this nature,
Exchange acceptance and, if required by Exchange policies, majority
of the minority shareholder approval. Where applicable, the
Transaction cannot close until the required shareholder approval is
obtained and there can be no assurance that the Transaction will be
completed as proposed or at all.
For further
information, please contact:
------------------------------------------
|Crazy Horse Resources Inc. |
|Darryl Cardey, Interim President and CEO|
|Phone: 1-888-684-6730 |
------------------------------------------
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.
Cautionary and Forward-Looking
Statements
This news release contains
forward-looking statements and information
concerning the expected results of the Transaction; the resulting
issuer's mining assets and reserves with respect to the assets
owned by Crazy Horse; anticipated closing dates of the Transaction
and the related matters such as the continuance of Ballylliffin
from Alberta to British Columbia and name change. The
forward-looking statements and information
are based on certain key expectations and assumptions made by
management of the Corporation. Since forward-looking statements and information
address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Readers are cautioned
that the foregoing list of factors is not exhaustive. The
forward-looking statements and information
contained in this news release are made as of the date hereof and
no undertaking is given to update publicly or revise any
forward-looking statements or information,
whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws or
the TSX Venture Exchange. The forward-looking statements or
information contained in this news release are expressly qualified
by this cautionary statement.
This
press release shall not constitute an offer to sell, nor the
solicitation of an offer to buy, any securities in the United
States, nor shall there be any sale of securities mentioned in this
press release in any state in the United States in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state.
Not for
distribution to U.S. Newswire Services or for dissemination in the
United States. Any failure to comply with this restriction may
constitute a violation of U.S. Securities laws.
SOURCE: Crazy Horse Resources Inc.
Crazy Horse Resources Inc. (TSXV:CZH)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Crazy Horse Resources Inc. (TSXV:CZH)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024