Bayhorse Silver Announces Completion of Arrangement
12 Fevereiro 2014 - 5:07PM
Marketwired
Bayhorse Silver Announces Completion of Arrangement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 12, 2014) -
BAYHORSE SILVER INC. (the "Company") (TSX-VENTURE:BHS) is pleased
to announce that it has completed its previously announced plan of
arrangement (the "Arrangement") with Silcom Systems Inc.
("Silcom"). Shareholder and final court approval for the
Arrangement were obtained on December 13, 2013 and January 24,
2014, respectively and the effective date of the plan of
arrangement was February 14, 2014. Refer to the Company's
Information Circular dated November 15, 2013, for additional
information concerning the Arrangement.
The purpose of the Arrangement is to restructure the Company by
creating a company, Silcom, which the Company believes will be
beneficial to the shareholders of the Company, as it is expected
that Silcom will enter into a definitive agreement to acquire a
business upon completion of the Arrangement. Management also
believes that by creating this new company and providing the
Company's shareholders with an interest in this company,
shareholder value will be enhanced.
Pursuant to the Arrangement, a total of 4,797,128 common shares
in the capital of Silcom have been issued, on a pro-rata basis, to
the Company's shareholders.
ABOUT BAYHORSE SILVER INC.
Bayhorse Silver Inc. is a junior exploration company with a 100%
interest in its three major high grade New Zealand gold prospects
(Alexander River, Paparoa and Lyell), in the highly prolific West
Coast South Island gold fields of New Zealand, where it offers
investors the potential for a major gold discovery and is earning
an 80% interest in its newly acquired historic Bayhorse Silver Mine
that has the potential for a substantial silver discovery. The
Company has an experienced management and technical team with
extensive exploration expertise.
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.
Caution Regarding Forward-Looking Statements - This news
release contains certain forward-looking statements, including
statements regarding the business of the Company. These statements
are subject to a number of risks and uncertainties. Actual results
may differ materially from results contemplated by the
forward-looking statements. When relying on forward-looking
statements to make decisions, investors and others should carefully
consider the foregoing factors and other uncertainties and should
not place undue reliance on such forward-looking statements. The
Company does not undertake to update any forward looking
statements, oral or written, made by itself or on its behalf except
as required by law.
Bayhorse Silver Inc.Graeme O'NeillPresident and Chief Executive
Officer(604) 684-3394
Bayhorse Silver (TSXV:BHS)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Bayhorse Silver (TSXV:BHS)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024