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fusion queenstake & YGC resources

Seite 1 von 1 neuester Beitrag: 14.02.07 15:27
eröffnet am:	06.02.07 12:31 von:	joke	Anzahl Beiträge:	3
neuester Beitrag:	14.02.07 15:27 von:	Knappschaft.	Leser gesamt:	2051
			davon Heute:	1
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06.02.07 12:31

joke : fusion queenstake & YGC resources

DENVER and VANCOUVER, British Columbia, Feb. 5 /CNW/ -- Queenstake Resources Ltd. ("Queenstake") (Amex: QEE - News; TSX: QRL - News) and YGC Resources Ltd. ("YGC") (TSX: YGC; F: ZH6) are pleased to announce that they have agreed to combine the two companies to create a new publicly traded company ("Newco"). The business combination is proposed to be structured as a plan of arrangement, but other structures are being considered. Under the agreed upon terms, shareholders of YGC will receive one common share of Newco for each share of YGC held, and shareholders of Queenstake will receive one common share of Newco for each ten shares of Queenstake held. Outstanding warrants and options in each company will be exchanged on the basis of the same ratio.

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