TSX.V: TU
VANCOUVER,
Jan. 31, 2013 /CNW/ - Tigris Uranium
Corp. (TSX.V: TU) (the "Company") is pleased to announce
that trading in Tigris common shares will resume effective
February 1st, 2013.
The Company is also pleased to announce that at
the Company's special meeting of shareholders held on January 25, 2013, a majority of the shareholders
approved all resolutions proposed in the meeting's management
information circular which was distributed to shareholders of
Tigris in advance of the meeting, being
a) the
consolidation of the common shares of the Company on a 1-for-3
basis;
b) an increase in the number of
directors from 5 to 8;
c) the election as directors of the
Company of Nathan A. Tewalt,
Rudi Fronk and William E. Thelkeld,
effective from and after the closing of the proposed reverse
takeover transaction with Wolfpack Gold Corp. (the
"Transaction"); and
d) an amendment to the Company's
Articles to, among other things, (i) add an advance notice
requirement for nominations of directors by shareholders in certain
circumstances, and (ii) amend certain other provisions of
Articles.
Remaining Conditions to Completion of the
Transaction
The Transaction is subject to a number of terms and conditions,
including the final approval of the TSXV and other relevant
regulatory authorities, and various other customary conditions that
must be satisfied prior to closing, which is expected to take place
no later than April 17, 2013.
Completion of the transaction is subject to a
number of conditions, including but not limited to, TSXV acceptance
and shareholder approval. There is a risk that the
Transaction will not be accepted or that the terms of the
transaction may change substantially prior to acceptance.
Should this occur, a trading halt may be re-imposed.
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.
Completion of the Transaction is subject to a
number of conditions, including TSXV acceptance and disinterested
shareholder approval. The transaction cannot close until the
required shareholder approval is obtained. There can be no
assurance that the transaction will be completed as proposed or at
all.
Investors are cautioned that, except as
disclosed in the Management Information Circular and/or Filing
Statement to be prepared in connection with the transaction, any
information released or received with respect to the RTO may not be
accurate or complete and should not be relied upon. Trading in the
securities of Tigris Uranium Corp. should be considered highly
speculative.
The TSX Venture Exchange has in no way passed
upon the merits of the proposed transaction and has neither
approved nor disapproved the contents of this press
release.
This press release contains projections and
forward-looking information that involve various risks and
uncertainties regarding future events. Such forward-looking
information can include without limitation statements based on
current expectations involving a number of risks and uncertainties
and are not guarantees of future performance. There are numerous
risks and uncertainties that could cause actual results and
Tigris's and Wolfpack's plans and objectives to differ materially
from those expressed in the forward-looking information. Actual
results and future events could differ materially from those
anticipated in such information. These and all subsequent written
and oral forward-looking information are based on estimates and
opinions of management on the dates they are made and are expressly
qualified in their entirety by this notice. Except as required by
law, Tigris assumes no obligation to update forward-looking
information should circumstances or management's estimates or
opinions change.
SOURCE Tigris Uranium Corp.