New Carolin Gold Corp. Announces Shareholder Approval of Shareholder Rights Plan
30.03.2012 | Marketwired
![New Carolin Gold Corp. Announces Shareholder Approval of Shareholder Rights Plan](https://www.goldseiten.de/media/goldseiten-news.jpg)
In order to implement the Rights Plan, the Board of Directors has authorized the issuance of the rights to holders of its common shares at the ratio of one right for each common share outstanding. For administrative convenience, the rights will automatically attach to the common shares and will be represented by certificates representing the common shares. No further action will be required by shareholders. On the occurrence of certain triggering events, which include the acquisition by a person or a group of 20% or more of the votes attached to all outstanding common shares of the Corporation in a transaction not approved by the Board of Directors, the rights will entitle the holders (other than the acquiring person or group) to acquire common shares of the Corporation at a significant discount to the market price. The rights are not triggered by purchases of voting shares made pursuant to a "permitted bid" (as defined in the Rights Plan) or where the application of the Rights Plan is waived in accordance with its terms.
The Rights Plan is subject to acceptance by the TSX Venture Exchange.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior mineral exploration and mine development company engaged in the acquisition, exploration, evaluation and development of approximately 130 square kilometres of contiguous mineral claims, collectively known as the Ladner Gold Project, located along the prospective and under-explored Coquihalla Gold Belt located in southwestern British Columbia, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous other gold prospects. The results of a recently completed airborne geophysical survey indicate a major magnetic linear structure that can be traced for over 18 km within the Company's claims. The aforementioned gold prospects all occur along this magnetic trend. The linear structure is attributable to the presence of serpentinite, which is associated with gold mineralization.
For further Company and technical information, please visit the Company's website at www.newcarolingold.com
ON BEHALF OF THE BOARD OF DIRECTORS
Bruce W. Downing, M.Sc., P.Geo., Hon.FEC
President & Chief Executive Officer
We seek Safe Harbor.
Caution concerning forward-looking information
This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
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 the accuracy of this press release.
NOT FOR DISTRIBUTION IN THE UNITED STATES
Contact Information
New Carolin Gold Corp.
Bruce W. Downing, M.Sc., P.Geo., Hon.FEC
President & Chief Executive Officer
778-294-3211
778-294-3212 (FAX)
ceo@newcarolingold.com
www.newcarolingold.com