Silverstone Completes Arrangement With Silver Wheaton
21 Maio 2009 - 10:00AM
Marketwired
Silverstone Resources Corp. ("Silverstone") (TSX VENTURE: SST) is
pleased to announce the closing of the previously announced
acquisition of Silverstone by Silver Wheaton Corp. ("Silver
Wheaton") by way of plan of arrangement under the Business
Corporations Act (British Columbia) (the "Arrangement"). The
Arrangement was approved by the shareholders of Silverstone on May
19, 2009 and the Supreme Court of British Columbia on May 20, 2009.
Pursuant to the Arrangement, Silver Wheaton acquired all of the
issued and outstanding common shares of Silverstone at an exchange
ratio of 0.185 of a Silver Wheaton common share for each
Silverstone common share. Silverstone's shares will be delisted
from the TSX Venture Exchange effective at the close of trading on
or about May 25, 2009. In connection with the Arrangement, each of
the directors and officers of Silverstone resigned effective May
21, 2009.
Silverstone, through its transfer agent, has mailed instructions
to Silverstone's shareholders informing them of the procedure to
tender their shares for the share consideration payable under the
Arrangement. A copy of the letter of transmittal has also been
filed under Silverstone's profile on SEDAR at www.sedar.com.
Further details regarding the terms of the Arrangement are set
out in Silverstone's management information circular dated April
16, 2009, which is available on SEDAR at the address above.
Contacts: Silver Wheaton Corp. Brad Kopp Director, Investor
Relations 1-800-380-8687 Email: info@silverwheaton.com Website:
www.silverwheaton.com
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