Vancouver, BC, February 8, 2013 - Diamonds North Resources Corp. (TSX-V: DDN) and Uranium North Resources Corp (TSX-V: UNR) (the "Companies") announce that the amalgamation of the Companies, as previously proposed on December 5, 2012 (see news release), has been approved by the shareholders of each of the two Companies at a special general meetings held on February 7, 2013. The name of the amalgamated company will be Adamera Minerals Corp.
Upon completion of the amalgamation the Board of Directors of Adamera Minerals Corp will consist of Maynard Brown, Bernard Kahlert, Geir Liland, Yale Simpson and Mark Kolebaba with Mark Kolebaba serving as President and CEO of Adamera.
"We are pleased the shareholders of both companies have shown strong support for the amalgamation of Diamonds North and Uranium North and our Washington State exploration strategy. We are eager to continue our exploration activities and achieve our goal of discovering a significant gold deposit," says Mark Kolebaba, President and CEO of the Companies.
Closing of the amalgamation is still subject to the approval of the BC Supreme Court and the TSX Venture Exchange. The Companies anticipate the effective date of the amalgamation to be on or about February 19, 2013.
Adamera's strategy is low cost exploration for significant, high grade gold deposits within hauling distance of existing mineral processing facilities in Washington State.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Uranium North Resource Corp.
Heather Kays
Manager, Corporate Communications
Tel: (604) 484-7120
Fax: (604) 484-7143
Email:
info@uraniumnorth.comWebsite:
www.uraniumnorth.comDiamonds North Resources Ltd.
Troy Shultz
Manager, Corporate Communications
Tel: (604) 689-2010
Fax: (604) 484-7143
Email:
info@diamondsnorth.comWebsite:
www.diamondsnorth.comThe TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.