NEVADA KING ANNOUNCES SHAREHOLDER APPROVAL OF SPIN-OUT OF NON-ATLANTA CLAIMS PORTFOLIO
Nevada King is also pleased to announce that
At the meeting of Shareholders held today, the special resolution approving the Arrangement was approved by 96.30% of the votes cast by Shareholders. All of the other matters considered at the meeting were also approved in accordance with management's recommendations.
The Spin-Out will provide investors with an ownership stake in two separate specialized companies. Nevada King will continue to focus exclusively on the advancement of the
Completion of the Arrangement remains subject to approval of the
After closing of the Arrangement, Nevada King shares continue trading on the
Additional information regarding the terms of the Arrangement, including a summary of the terms and conditions of the arrangement agreement, is set out in the Company's information circular dated
About
Nevada King is the third largest mineral claim holder in the
The scientific and technical information in this news release has been reviewed and approved by
Resource Category |
Tonnes (000s) |
(ppm) |
Contained (000s) |
(ppm) |
Contained (000s) |
Measured |
4,130 |
1.51 |
200 |
14.0 |
1,860 |
Indicated |
6,910 |
1.17 |
260 |
10.6 |
2,360 |
Measured + Indicated |
11,000 |
1.30 |
460 |
11.9 |
4,220 |
Inferred |
5,310 |
0.83 |
142 |
7.3 |
1,240 |
Please see the Company's website at www.nevadaking.ca.
Neither the
Cautionary Statements Regarding Forward Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, completion of the Spin-Out, TSXV approval of the Spin-Out and the benefits of the proposed Spin-Out are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Nevada King, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Nevada King does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
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