Shareholders Approve Business Combination Involving Mega Silver and Skybridge Development
26 5월 2009 - 1:17AM
Marketwired
Mega Silver Inc. (TSX VENTURE: MSR) ("Mega") and Skybridge
Development Corp. (TSX VENTURE: SBD) ("Skybridge") are pleased to
announce that the proposed business combination involving the two
companies was authorized by Skybridge shareholders at a special
meeting held earlier today where shareholders approved the
amalgamation of Skybridge with a wholly-owned subsidiary of Mega.
Under the terms of the business combination, which will be
effected by way of a three-cornered amalgamation, shareholders of
Skybridge will be entitled to receive one common share of Mega in
exchange for every two and one-half common shares of Skybridge held
immediately prior to the amalgamation. Subject to the satisfaction
or waiver or any remaining closing conditions, it is expected that
the amalgamation will become effective on May 27, 2009.
Trading in the common shares of Skybridge on the TSX Venture
Exchange will cease as of the close of business on May 26, 2009 and
the securities will be de-listed from the exchange upon completion
of the acquisition. Stock options and warrants of Skybridge
outstanding following completion of the acquisition will be
adjusted to provide for the purchase of common shares of Mega in
lieu of Skybridge common shares (based upon the one-for-two and
one-half exchange ratio), upon the due exercise thereof.
About Mega Silver
Mega is a public Canadian-based silver mineral exploration
company with projects in the Yukon that is committed to an
accelerated growth strategy. Backed by a team of experienced mining
experts and a strong financial position, Mega Silver is well poised
for rapid expansion through quick response to new opportunities and
changes in the market. www.megasilver.ca
About Skybridge
Skybridge is a public Canadian-based mineral exploration and
development company that recently completed a Phase 1 3600m drill
program at its high grade copper Blue Caribou Project in Nunavut
Territory, Canada. The Company recently announced its entry into
the Red Lake gold camp and a strategy to consolidate other mineral
assets Skybridge has an experienced management team to advance its
business objective of building shareholder value through
exploration and development of mineable mineral resources.
www.skybridgedevelopment.com.
Cautionary Statement Regarding Forward-Looking Information
Certain information contained in this press release constitutes
"forward-looking information", which is information regarding
possible events, conditions or results of operations that is based
upon assumptions about future economic conditions and courses of
action. All information other than matters of historical fact may
be forward-looking information. In some cases, forward-looking
information can be identified by the use of words such as "seek",
"expect", "anticipate", "budget", "plan", "estimate", "continue",
"forecast", "intend", "believe", "predict", "potential", "target",
"may", "could", "would", "might", "will" and similar words or
phrases (including negative variations) suggesting future outcomes
or statements regarding an outlook. Forward-looking information in
this press release includes, but is not limited to, statements
about the proposed Transaction of Skybridge by Mega, the
continuation of its business following completion of the
Transaction and our expectations regarding Skybridge or Mega's
properties and business generally.
By its nature, forward-looking information involves known and
unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or industry results,
to differ materially from those expressed or implied by such
forward-looking information. Some of the risks and other factors
that could cause actual results to differ materially from those
expressed in the forward-looking information contained in this
release include, but are not limited to: the possibility that the
necessary regulatory approvals will not be obtained in a timely
manner or at all, and that other conditions to completion of the
Transaction will not be satisfied; and risks related to the
inherent uncertainty of mineral exploration and development
activities generally, including political and regulatory risks.
Although we have attempted to identify important factors that
could cause actual results or events to differ materially from
those described in the forward-looking information, readers are
cautioned that this list is not exhaustive and there may be other
factors that we have not identified. Readers are cautioned not to
place undue reliance on forward-looking information contained in
this release. Forward-looking information is based upon our
beliefs, estimates and opinions as at the date of this release,
which we believe are reasonable, but no assurance can be given that
these will prove to be correct. Furthermore, we undertake no
obligation to update or revise forward-looking information if these
beliefs, estimates and opinions or other circumstances should
change, except as otherwise required by applicable law.
Contacts: Mega Silver Inc. Richard Patricio Director
416-941-1071 rpatricio@megasilver.ca Skybridge Development Corp.
Abraham Drost President and CEO 807-345-3306 or 807-252-7800
adrost@skybridgedevelopment.com
Skybridge Development Com Npv (TSXV:SBD)
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부터 5월(5) 2024 으로 6월(6) 2024
Skybridge Development Com Npv (TSXV:SBD)
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부터 6월(6) 2023 으로 6월(6) 2024