Ventura Shareholders Approve Arrangement with International Minerals
Scottsdale, Arizona, December 17, 2009 - International Minerals ("IMZ") is pleased to announce that at a special meeting of Ventura Gold Corp. (�Ventura�) shareholders held today in Vancouver, British Columbia, the shareholders of Ventura voted, by special resolution, to approve the proposed plan of arrangement with IMZ.
In total, 99.9% of the Ventura shareholders who cast their votes at the special meeting (approximately 59.9 million shares) voted to approve the transaction.
Under the terms of an Arrangement Agreement dated November 13, 2009 (see news release dated November 18, 2009), IMZ will acquire all of the issued and outstanding shares of Ventura, with Ventura shareholders receiving 0.1 of a common share of IMZ for each common share of Ventura currently held (or one common share of IMZ for 10 common shares of Ventura).
The completion of the transaction is subject to receipt of final court approval, final approval of the TSX Venture Exchange (�TSX-V�) and final approval for the listing of the approximately 13.7 million new common shares of IMZ by the Toronto Stock Exchange (�TSX�) and the Swiss Stock Exchange (�SIX�).
Assuming final court approval is obtained and that all other conditions to the completion of the transaction are satisfied or waived, including the final approvals by the TSX-V, the TSX and the SIX, the proposed plan of arrangement is expected to become effective on January 12, 2010.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Toronto and Swiss Stock Exchanges accept responsibility for the adequacy or accuracy of this release.
For additional information, contact Stephen Kay at +1 480-483-9932 or In Switzerland: Oliver Holzer at +41 79 402 39 33 Web Site: http://www.intlminerals.com
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