Oro Silver Receives Court Approval for Merger With Oro Gold
19 Oktober 2010 - 2:32AM
Marketwired Canada
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.
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