January 16, 2012 � Vancouver BC � Heatherdale Resources Ltd. (TSX-V: HTR) (�Heatherdale� or the �Company�) announced on October 26, 2011 that Heatherdale and Niblack Mineral Development Inc. (�Niblack�) had entered into an arrangement agreement (the �Arrangement Agreement�) providing for: (i) the acquisition by Heatherdale of all of the shares of Niblack in exchange for Heatherdale shares, on the basis of 0.50 Heatherdale shares per Niblack share; (ii) the amendment of all Niblack warrants such that each would entitle the holder thereof to purchase the number of Heatherdale shares equal to 50% of the number of Niblack shares subject to such warrant, at an exercise price of C$1.20 in the case of warrants with an existing exercise price of C$0.45 and C$1.73 in the case of warrants with an existing exercise price of C$0.65; and (iii) the cancellation of all unexercised Niblack options for consideration of C$0.01 per option (together, the �Arrangement�).
As announced on October 26, 2011, the Arrangement was made subject to customary closing conditions, including the approval of 66 2/3% of the votes cast by shareholders, optionholders and warrantholders of Niblack, each voting separately, and approval of the Arrangement by the Court of Queen�s Bench of Alberta.
On January 11, 2012, the Arrangement was approved by the aforementioned supermajorities of voting Niblack securityholders. In addition, on January 12, 2012, the Arrangement was approved by the Court of Queen�s Bench of Alberta.
Under the terms of the Arrangement, the Arrangement will only become effective on the second business day after all of the conditions to closing specified in the Arrangement Agreement are satisfied or waived or such other date as the parties may agree.
Heatherdale and Niblack are currently working to bring about the satisfaction of all remaining closing conditions.
To view this news release in its entirety please click on the link below or copy and paste it into your web browser
http://www.heatherdaleresources.com/hdr/NewsReleases.asp?ReportID=502159
For further information, contact Sean Thompson, Investor Relations � 778-373-6727, toll free 1-800-667-2114.
Best Regards,
Investor Services
HDI
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HDI is associated with the following companies: Heatherdale Resources Ltd., Curis Resources Ltd., Northcliff Resources Ltd., Rathdowney Resources Ltd., Northern Dynasty Minerals Ltd., Amarc Resources Ltd., and Quartz Mountain Resources Ltd.
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Heatherdale Resources Ltd.
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EN DÉVELOPPEMENT |
CODE : HTR.V |
ISIN : CA42245Q1090 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Heatherdale est une société d’exploration minière de zinc et de plomb basée au Canada. Heatherdale est en développement de projets de zinc, de plomb, d'argent, de cuivre et d'or en USA. Son principal projet en développement est NIBLACK COPPER CO. en USA et son principal projet en exploration est DELTA en USA. Heatherdale est cotée au Canada. Sa capitalisation boursière aujourd'hui est 175,2 millions CA$ (140,2 millions US$, 116,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 12 mars 2010 à 1,94 CA$, et son plus bas niveau récent le 05 février 2016 à 0,01 CA$. Heatherdale possède 180 600 000 actions en circulation. |