By certificate of amalgamation, Desert Star Resources Ltd. and Providence Resources Corp., both TSX Venture Exchange-listed companies, have amalgamated by way of a plan of arrangement and will continue as one company, Desert Star Resources (Amalco), on the following basis:
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The holders of common shares of Desert Star will be entitled to receive one common share of Amalco for each one common share held.
- The holders of common shares of Providence will be entitled to receive 0.4 of a common share of Amalco for each one common share held and 0.4 of an Amalco share purchase warrant exercisable for a period of two years at a price of 25 cents.
The exchange has been advised that:
- Approval of the amalgamation was received from the disinterested shareholders of Desert Star and Providence, respectively, at meetings held on April 8, 2015.
- Approval of the amalgamation was received from the Supreme Court of British Columbia on April 9, 2015.
- The amalgamation will be made effective on April 15, 2015, at 12:01 a.m.
Effective at the opening, Wednesday, April 15, 2015, the common shares of Desert Star Resources (Amalco) will commence trading on the exchange. The company is classified as a mining exploration company.
Postamalgamation
Capitalization: Unlimited common shares with no par value, of which
51,633,317 common shares are issued and outstanding
Escrowed: Nil common shares
Transfer agent: Computershare Investor Services Inc.
Trading symbol: DSR (unchanged)
Cusip No.: 25044W 10 4 (new)
For further details, please refer to the joint management information circular, dated March 4, 2015, and news release dated March 5, 2015, which are available under the Desert Star and Providence profiles on SEDAR.
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