Oro Silver Receives Court Approval for Merger With Oro Gold
19 Oktober 2010 - 2:32AM
Marketwired
Oro Silver Resources Ltd. ("Oro Silver" or the "Company") (TSX
VENTURE: OSR) is pleased to announce that the Company received
today final approval from the Supreme Court of British Columbia
regarding the previously announced business combination with Oro
Gold Resources Ltd. (the "Transaction"). The Transaction remains
subject to certain conditions, including the final approval of the
TSX Venture Exchange (the "Exchange").
It is anticipated that the last trading day of Oro Silver
securities will be Wednesday, October 20, 2010. Oro Silver will be
requesting a trading halt of the Company's securities for Thursday,
October 21, 2010.
Pending final regulatory approval, it is expected that closing
of the Transaction will occur on Thursday, October 21, 2010 and
that the combined entity will begin trading on Friday, October 22,
2010.
ON BEHALF OF THE BOARD OF DIRECTORS,
Darren Bahrey, President and CEO
Some statements in this release may contain forward-looking
information. These statements include, but are not limited to the
use of the terms "subject to", "expects", "anticipates", "will",
statements with respect to Board assessments, statements with
respect to updating resource estimates, statements with respect to
entering into the Definitive Agreement, future plans and
expectations. Such statements are subject to a number of risks,
uncertainties and assumptions. Actual results and events may vary
for a variety of reasons. The assumptions used in the preparation
of such statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Oro Silver Resources Ltd. Darren Bahrey President and
CEO 604-646-1588 604-642-2411 (FAX) www.orosilver.com
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