Oro Silver Resources Ltd. Receives Court Approval for Merger With Oro Gold Resources Ltd.
19.10.2010 | Marketwire
Vancouver, 10/18/10 - Oro Silver Resources Ltd. (“Oro Silver“ or the 'Company“) (TSX VENTURE: OSR) is pleased to announce that the Company received today final approval from the Supreme Court of British Columbia regarding the previously announced business combination with Oro Gold Resources Ltd. (the “Transaction“). The Transaction remains subject to certain conditions, including the final approval of the TSX Venture Exchange (the “Exchange“).It is anticipated that the last trading day of Oro Silver securities will be Wednesday, October 20, 2010. Oro Silver will be requesting a trading halt of the Company's securities for Thursday, October 21, 2010.
Pending final regulatory approval, it is expected that closing of the Transaction will occur on Thursday, October 21, 2010 and that the combined entity will begin trading on Friday, October 22, 2010.
ON BEHALF OF THE BOARD OF DIRECTORS,
Darren Bahrey
President and CEO
Some statements in this release may contain forward-looking information. These statements include, but are not limited to the use of the terms 'subject to', 'expects', 'anticipates', 'will', statements with respect to Board assessments, statements with respect to updating resource estimates, statements with respect to entering into the Definitive Agreement, future plans and expectations. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary for a variety of reasons. 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Oro Silver Resources Ltd.
Darren Bahrey, President and CEO
604-646-1588
604-642-2411 (FAX)
www.orosilver.com
