Vaaldiam Mining Receives Court Approval of Plan of Arrangement
TORONTO, ONTARIO -- (Marketwire) -- 06/28/12 -- Vaaldiam Mining Inc. (TSX: VAA) ("Vaaldiam" or the "Company") is pleased to announce today that it has obtained final court approval from the Ontario Superior Court of Justice (Commercial List) of the previously announced proposed Plan of Arrangement (the "Arrangement") with BCKP Limited ("BCKP"), pursuant to which all of the common shares of Vaaldiam will be acquired by BCKP for approximately $0.2649292 for each common share of Vaaldiam. The Arrangement was approved by special resolution of Vaaldiam's shareholders at the annual and special meeting of shareholders held on June 21, 2012. The Arrangement is expected to close on June 29, 2012.
For additional information regarding Vaaldiam please visit www.vaaldiam.com.
Forward Looking Information
Certain information contained in this news release, including any information relating to the proposed Arrangement and the timing of effective time of the Arrangement are "forward-looking". These forward-looking statements are subject to a variety of risks and uncertainties, including the risk that the conditions precedent to the Arrangement will not be satisfied in the expected timeframe or at all. Assumptions upon which such forward looking information regarding completion of the Arrangement is based include that Vaaldiam will be able to satisfy the conditions to the Arrangement, and all other conditions to completion of the Arrangement will be satisfied or waived. Although Vaaldiam believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward- looking information. Vaaldiam expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except as required by applicable securities laws.
Contacts:
Vaaldiam Mining Inc.
Robert Jackson
President and Chief Executive Officer
rjackson@vaaldiam.com
www.vaaldiam.com
