ENP Newswire -
Release date- 19022014 -
It is expected that the common shares of Creso will begin trading at the opening of the market on
Pursuant to the Amalgamation, Dundee Sustainable would, indirectly, acquire all of the issued and outstanding common shares of Creso which it does not already own, and the shareholders of Creso would receive one subordinate voting share (a 'Subordinate Voting Share') of Dundee Sustainable in exchange for two common shares of Creso. Holders of options and warrants of Creso will receive options and warrants, as applicable, of Dundee Sustainable based upon the same exchange ratio.
In order to become effective, the Amalgamation must be approved by a special majority (66%) of the votes cast at the Special Meeting. In addition, since Dundee Sustainable has multiple voting shares outstanding (held by
It is anticipated that the Amalgamation will become effective in
Information for non-resident Creso Shareholders
Due to securities law considerations, Dundee Sustainable will not distribute Subordinate Voting Shares into any non-qualifying jurisdiction, including
The Corporation's principal mining exploration holdings are located in the Shining Tree mining camp of
About Dundee Sustainable
Dundee Sustainable is a private Canadian company controlled by
Dundee Sustainable was awarded a
Dundee Sustainable received a grant of
Tel: (514) 866-6001
Fax: (514) 866-6193
This press release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed Amalgamation; the completion of any future financing; use of funds and the business and operations of the resulting issuer, Dundee Sustainable, after the proposed Amalgamation.
Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation's control. These factors include: general market and industry conditions and other risks disclosed in the Corporation's filings with Canadian Securities Regulators, including those that will be contained in the Management Information Circular that has been prepared and mailed to Creso shareholders in connection with the proposed Amalgamation. A copy of the Management Information Circular is available under Creso's SEDAR profile at www.sedar.com.
Forward-looking statements are based on the expectations and opinions of the Corporation's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward- looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
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