Tagish Lake Obtains Interim Order for Plan of Arrangement
04 Novembro 2010 - 10:00AM
Marketwired
Tagish Lake Gold Corp. (the "Company") (TSX VENTURE: TLG) announces
that the Supreme Court of British Columbia (the "Court"), on
November 3, 2010, issued an interim order authorizing the Company
to, among other things, call a meeting of its shareholders (the
"Meeting") to consider and, if deemed advisable, pass a special
resolution approving the proposed arrangement (the "Arrangement")
involving New Pacific Metals Corp. ("New Pacific"), as previously
announced on October 29, 2010.
Pursuant to the proposed Arrangement, New Pacific would acquire
all of the issued and outstanding common shares of the Company
("Shares") which it does not currently hold. New Pacific currently
holds approximately 79.2% of the outstanding Shares. The
Arrangement is being proposed in order to allow New Pacific to
acquire the Shares that were not deposited under the recently
expired take-over bid by New Pacific for the Shares. If the
Arrangement is completed, the Company will become a wholly-owned
subsidiary of New Pacific.
The Company intends to hold the Meeting at 10:00 a.m. (Vancouver
time) on December 15, 2010, at the offices of Blake, Cassels &
Graydon LLP, at Suite 2600, 595 Burrard Street, Three Bentall
Centre, Vancouver, B.C. The record date for determining the holders
of Shares that will be entitled to receive notice of and to vote at
the Meeting is November 12, 2010. The special resolution approving
the proposed Arrangement must be approved by at least two-thirds of
the votes cast by shareholders represented in person or by proxy at
the Meeting.
The Company also received, on November 3, 2010, an order of the
Court vacating the October 8, 2010 order of the Court requiring the
holding of a meeting of the shareholders of the Company on November
17, 2010. As disclosed in the October 27, 2010 news release of the
Company, the previous directors of the Company have each resigned
and have been replaced with nominees of New Pacific. Given that the
only matter to have been considered at the November 17, 2010
meeting was the removal and appointment of the directors, that
meeting was no longer necessary.
This news release may contain forward-looking statements (within
the meaning of applicable securities laws) relating to the Company.
Forward-looking statements are identified by words such as
"believe", "anticipate", "expect", "intend", "plan", "will", "may"
and other similar expressions. This information involves known and
unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking information. Forward-looking
information in this news release includes, without limitation,
statements made in respect of the Arrangement.
All forward-looking statements in this news release are
qualified by these cautionary statements. Forward-looking
statements involve significant risks and uncertainties, should not
be read as guarantees of future performance or results, should not
be unduly relied upon and will not necessarily be accurate
indications of whether or not such results will be achieved.
Forward-looking information is based on various material factors or
assumptions, which are based on information currently available to
the Company. Although the forward-looking statements contained in
this news release are based upon what management believes are
reasonable assumptions, the Company cannot assure readers that
actual results will be consistent with these forward-looking
statements.
The forward-looking statements contained in this news release
are made as of the date of this news release and should not be
relied upon as representing the Company's views as of any date
subsequent to the date of this news release. The Company assumes no
obligation to update or revise these forward-looking statements to
reflect new information, events, circumstances or otherwise, except
as required by applicable law.
Neither 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.
Contacts: Tagish Lake Gold Corp. Rui Feng President 604-669-9397
www.tagishgold.com
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