This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Hathor Exploration acquires Northern Continental 2009-11-23 18:54 ET - News Release Also News Release (C-NCR) Northern Continental Resources Inc
Mr. Stephen Stanley of Hathor reports HATHOR AND NCR JOINTLY ANNOUNCE PLAN OF ARRANGEMENT HAS CLOSED
Hathor Exploration Ltd. and Northern Continental Resources Inc. (NCR), further to the companies' news releases in Stockwatch dated July 15, 2009, Sept. 18, 2009, and Nov. 10, 2009, have closed their plan of arrangement. The effective date of the arrangement is Nov. 23, 2009.
On Nov. 10, 2009, NCR received shareholder approval of the arrangement with 99.72 per cent of the NCR shareholders voting in favour of the arrangement. Final court approval for the arrangement was received from the Supreme Court of British Columbia on Nov. 16, 2009. Final approval from the TSX Venture Exchange for the arrangement was obtained on Nov. 23, 2009.
Pursuant to the arrangement, on the effective date, Hathor has acquired NCR on the basis of 0.1389 common share of the company for each NCR common share, resulting in the issuance of 8,922,116 company common shares to NCR shareholders.
The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |
Top
Print this Page