Golden Goose Shareholders Approve Plan of Arrangement With Kodiak
13 Dezember 2010 - 7:19PM
Marketwired
Kodiak Exploration Limited (TSX VENTURE: KXL)(FRANKFURT: KX3)
("Kodiak") and Golden Goose Resources Inc. (TSX VENTURE: GGR)
("Golden Goose") report that the shareholders of Golden Goose have
overwhelmingly approved the proposed plan of arrangement with
Kodiak. Shareholders of Golden Goose demonstrated strong support
for the arrangement with 99.85% of vote cast voting in favor of the
arrangement. Furthermore, Golden Goose is pleased to announce that
it has satisfied a condition of the previously announced
Arrangement Agreement with Kodiak dated August 30, 2010 that the
registration of Golden Goose's common shares under Section 12(g) of
the U.S. Securities Exchange Act of 1934 be terminated. The closing
of the arrangement is expected shortly after the final order is
rendered by the court.
Brian Maher, Chief Executive Officer ("CEO") and President of
Kodiak, said, "We thank the shareholders of Golden Goose Resources
for their strong support of this arrangement and for their
confidence in our plans to generate shareholder value. We look
forward to closing this transaction quickly and continuing the
corporate transition from explorer to emerging gold producer."
Francois Perron, CEO, President of Golden Goose Resources, who
will be resigning his positions when the transaction closes, said,
"It has been my privilege to serve Golden Goose shareholders. On
behalf of the Golden Goose Board of Directors, I thank the
shareholders for their resounding approval of this arrangement to
begin the next chapter of the development of Magino Mine
project."
On behalf of the Boards of Directors:
Brian J. Maher, President and Chief Executive Officer, Kodiak
Exploration Limited
Francois Perron, President and Chief Executive Officer, Golden
Goose Resources, Inc.
FORWARD-LOOKING INFORMATION
The statement in this document regarding the completion of the
merger may constitute forward-looking information within the
meaning of applicable securities laws. There are a number of
factors that could cause actual results or events to differ
materially from those indicated by such forward-looking
information, including delays in completing the merger and, as
such, investors are cautioned not to put undue reliance on such
forward looking information. Except as required by applicable law,
each of Kodiak and Golden Goose disclaims any intention or
obligation to update any forward-looking statements as a result of
developments occurring after the date of this document.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Kodiak Exploration Limited Brian J. Maher President
and Chief Executive Officer 1-604-688-9006 1-604-688-9029 (FAX)
ir@kodiakexp.com www.kodiakexp.com Renmark Financial Communications
Inc. Jason Roy (514) 939-3989 or (416) 644-2020
jroy@renmarkfinancial.com Renmark Financial Communications Inc.
Arash Shahi (514) 939-3989 or (416) 644-2020
ashahi@renmarkfinancial.com Renmark Financial Communications Inc. -
Media Guy Hurd (514) 939-3989 or (416) 644-2020
ghurd@renmarkfinancial.com www.renmarkfinancial.com Golden Goose
Resources Inc. Francois Perron President and Chief Executive
Officer 1-888-928-4667 1-888-494-5371 (FAX)
perron@goldengooseres.com www.goldengooseres.com
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