NEVADA KING AND NV KING GOLDLANDS ANNOUNCE COMPLETION OF SPIN-OUT
The Spin-Out was completed by way of a statutory plan of arrangement (the "Arrangement") pursuant to the Business Corporations Act (
The Spin-Out was completed as part of a strategic reorganization to unlock value in Nevada King's large portfolio of mineral claims in the
NV Goldlands will not be listed on a public stock exchange on closing of the Arrangement but will operate as a reporting issuer.
Further information regarding the Spin-Out is set out in Nevada King's information circular dated
Early Warning
As a shareholder of Nevada King,
For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the acquisition of NV Goldlands Shares by
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, 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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