Suche
 
Folgen Sie uns auf:

Valley High Ventures Obtains Shareholder and Optionholder Approval of Plan of Arrangement With Levon Resources

22.03.2011  |  Marketwired
VANCOUVER, 03/22/11 - Valley High Ventures Ltd. ('Valley High', or the 'Company') (TSX VENTURE: VHV) is pleased to announce that at the annual and special meeting (the 'Meeting') of the Company's shareholders and optionholders held today, the Company's shareholders and optionholders approved the previously announced plan of arrangement (the 'Arrangement') involving Levon Resources Ltd ('Levon'). The closing of the Arrangement is expected to occur after the satisfaction and/or waiver of all conditions precedent to the Arrangement, which is currently expected to occur on or about March 24, 2011. The Arrangement is subject to, among other things, the final approval of the British Columbia Supreme Court.

As previously announced on January 17, 2011, Valley High and Levon have entered into a definitive arrangement agreement under which Levon will acquire 100% of the outstanding common shares of Valley High. Under the Arrangement, Valley High shareholders will receive 1.0 share of Levon and 0.125 of a share in a new exploration company, Bearing Resources Ltd. ('Bearing'), for each Valley High share.

Bearing is currently a wholly-owned subsidiary of Valley High. Upon completion of the Arrangement, Bearing expects that it will be a reporting issuer in British Columbia and Alberta. Bearing will hold Valley High's exploration properties in British Columbia and the Yukon and approximately Cdn$1.8 million in cash. An application has been made for listing of the Bearing shares on the TSX-V. Any listing is subject to meeting TSX-V original listing requirements and there is no assurance such a listing will be obtained.


About Levon Resources Ltd.

Levon is a junior gold and precious metals exploration company exploring the Cordero silver, gold, zinc and lead project (51% interest) near Hidalgo Del Parral, Chihuahua, Mexico. Upon completion of the Arrangement Levon will own a 100% interest in the Cordero Project. Levon also holds the Norma Sass and Ruf claims located near the Pipeline gold deposit, which is being mined and explored by Barrick Gold Corporation in the heart of the Cortez Gold Trend in Lander County, Nevada, USA. In addition, Levon holds key land positions at Congress, BRX, and Wayside in the productive Bralorne Gold camp of British Columbia, Canada.


About Valley High Ventures Ltd.

Valley High is a Canadian based precious and base metal exploration company with projects located in Mexico, British Columbia and Yukon. The Cordero project in Mexico (49% interest) is being evaluated for large bulk mineable silver, gold, zinc and lead deposits. Upon completion of the Arrangement Levon will own a 100% interest in the Cordero Project.


About Bearing Resources Ltd.

Bearing will be a Canadian based precious and base metal exploration company with projects located in British Columbia and Yukon. The Mount Polley and October Dome projects are located in British Columbia adjacent to Imperial Metals Corporation's ('Imperial') Mt. Polley copper-gold mine and includes a production royalty on the Boundary property, with Imperial. In the Yukon, Bearing will have an option to acquire a 100% interest in the Flume gold property which is located within the newly recognized White Gold District. Ryan Gold Corp. has been granted a right to earn up to 75% interest in VHV's interest in the Flume property. In addition, Bearing will hold additional Yukon exploration properties located near Golden Predator's Clear Creek gold project and Northern Tiger's 3Ace gold project.


VALLEY HIGH VENTURES LTD.

Geoff Chater
President



This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the Arrangement, prices of copper, estimated future production, estimated costs of future production, and permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Valley High to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia and Alberta.

'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.'




Contacts:

Valley High Ventures Ltd.
Geoff Chater
(604) 614-7830
www.valleyhighventures.com
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Valley High Ventures Ltd.
Bergbau
-
-
Minenprofile
Mineninfo
Valley High Ventures Ltd.
Bergbau
-
-
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"