Levon securityholders approve SciVac buy, spinout

Levon Resources Ltd (C:LVN) 
Wednesday June 03 2015 - News Release

Mr. Ron Tremblay reports

LEVON SHAREHOLDERS AND OPTIONHOLDERS VOTE IN FAVOUR OF THE PLAN OF ARRANGEMENT INVOLVING SCIVAC LTD. AND 1027949 B.C. LTD.

Levon Resources Ltd.'s shareholders and optionholders voted today at the special meeting of securityholders to approve the previously announced plan of arrangement involving SciVac Ltd., Levon and 1027949 B.C. Ltd. The arrangement was approved by 97.64 per cent of the votes cast by shareholders and 98.06 per cent of the votes cast by securityholders, voting together as a single class, at the meeting.

Ron Tremblay, president and chief executive officer of Levon, said: "We are pleased that Levon's securityholders have overwhelmingly approved the arrangement, helping to create tremendous shareholder value. In a difficult market for resource issuers, Levon has given shareholders the opportunity to diversify their holdings by spinning out its mining assets and allowing shareholders to also participate in the pharmaceutical industry through this transaction with SciVac."

For details of the arrangement, please see Levon's management information circular dated May 1, 2015, and Levon's press release dated March 20, 2015, both of which have been filed on Levon's profile on SEDAR.

Levon's application to the Supreme Court of British Columbia to obtain the final order approving the arrangement is scheduled for Thursday, June 4, 2015. The company looks forward to satisfying the remaining conditions and successfully completing the arrangement.

Shareholders with questions regarding the deposit of Levon shares to the arrangement can contact Valiant Trust Company at 1-866-313-1872 or by e-mail.

We seek Safe Harbor.

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