Levon Provides Update on TSX Listing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 14, 2015) - Levon Resources Ltd. (TSX:LVN) (formerly 1027949 B.C. Ltd.) ("Levon" or the "Company") is pleased to announce that the common shares of Levon (the "Common Shares") have commenced trading on the Toronto Stock Exchange ("TSX") under the stock symbol "LVN" following the completion of the previously announced plan of arrangement (the "Arrangement") involving SciVac Therapeutics Inc. (formerly Levon Resources Ltd.) ("SciVac" or "Old Levon", as the context requires), SciVac Ltd. and the Company dated March 19, 2015. The Company has 119,542,711 Common Shares outstanding as of July 14, 2015. The Company also announced its intention to have the Common Shares quoted on the OTCQX in the United States. A further announcement will be made on such listing being obtained.
As a result of the Arrangement, among other things, former shareholders of Old Levon (the "Old Levon Shareholders") received 0.5 of a Common Share for each common share of Old Levon held by such Old Levon Shareholder immediately prior to the completion of the Arrangement. The Company issued a total of 119,542,711 Common Shares to Old Levon Shareholders pursuant to the Arrangement.
Ron Tremblay, Levon's President and Chief Executive Officer, said, "With the Company's shares listed on the TSX following the successful completion of the Arrangement, we believe the Company is well positioned to generate value for its shareholders moving forward."
For details of the Arrangement, please see Old Levon's management information circular dated May 1, 2015, which has been filed on Old Levon's profile on SEDAR at www.sedar.com.
About Levon Resources Ltd.
Levon is a gold and precious metals exploration Company, exploring the Company's 100% owned flagship Cordero bulk tonnage silver, gold, zinc, and lead project near Hidalgo Del Parral, Chihuahua, Mexico.
For further information, contact Levon's Investor Relations directly at 604-682-2991 or the main office number at 778-379-0040.
ON BEHALF OF THE BOARD
Ron Tremblay
President and Chief Executive Officer
Safe Harbour Statement - This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements, include, but are not limited to, statements regarding the quoting of the Common Shares on the OTCQX and are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
