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Boss Power Corporation

Publié le 17 juillet 2015

Boss Power and Anthem Resources Merge Following Special and AGM Meeting

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Mots clés associés :   Canada | K Street | Uranium |

Boss Power and Anthem Resources Merge Following Special and AGM Meeting

News Releases in 2015

2015 July 17, 2015 Boss Power and Anthem Resources Merge Following Special and AGM Meeting

NOT FOR DISTRIBUTION IN THE UNITED STATES


Boss Power Corp. (TSX.V: BPU) ("Boss Power") and Anthem Resources Inc. (TSX.V: AYN) ("Anthem") are pleased to announce the results of the Special and AGM shareholder meetings held on July 16, 2015. Under the Arrangement, Anthem Shareholders will receive common shares of Boss Power (the "Boss Shares") on the basis of 0.75 of a Boss Share for each Anthem Share held. The Arrangement Resolution was approved by 99.76% of the votes cast by Anthem Shareholders and 99.99% of the eligible votes cast by Boss Power Shareholders. Upon receipt of the final order from the BC Supreme Court, the name change to Eros Resource Corp (the "Company" or "Eros") will proceed and trade under the symbol ERC. The new Board consists of Tom MacNeill, Ross McElroy, Ronald Netolitzky, Donald Siemens and Ronald Stewart. The initial officers will consist of Tom MacNeill, Chairman, Ronald K. Netolitzky, President and CEO, Walter Coles Jr., Vice President Corporate Development and Karen A. Allan, CFO and Corporate Secretary. Eros considers that the combined Company meets all of the conditions to support a Tier 1 rating on the TSX Venture exchange. A Tier 1 application has been submitted.

MINERAL PROPERY INTERESTS

Our property holdings are comprised of various interests in Canadian and US based mineral projects. The first two described reflect projects that have been subject to recent exploration and acquisition which have been funded by Boss Power. It is the Company's objective to continue evaluating and acquiring interests in high grade mineral projects identified through the Company's research and network.

The Company acquired control of the Bell Mountain Project (News release April 30, 2015) and has completed the required expenditures to earn a 100% interest in the property subject to minor royalty obligations. Bell Mountain represents a material property interest as defined by the TSXV that will support the Company's Tier 1 application. The Company has been working to advance this project through permitting and a Preliminary Economic Assessment. Exploration activity in the USA is operated through our 100% owned subsidiary, Bell Mountain Exploration Corp. The Bell Mountain property is within the Walker Lane trend in Nevada characterized by low sulphidation epithermal style gold mineralization. . We have an additional focus around the Bell Mountain area and have completed an investment to earn an interest in the Eastgate project (News release May 25, 2015).

The Company also completed a recent investment to acquire an 8.7% interest in Skeena Resources Spectrum Property (Skeena News release June 2, 2015). A major 12,000 metre drill program is underway on this high-grade gold target within the Golden Triangle of British Columbia.

The Company has an estimated 36% and 31% interest respectively in the Hatchet Lake and Murphy Lake properties in the Denison Mines Joint Venture in the northeast area of the prolific Athabasca Basin. We consider the package to be highly prospective for (economic uranium discoveries) with active drilling on Murphy Lake. The Company intends to review its options regarding this well situated project.

The Company continues to assess our ability to maximize the value of the other assets and royalty interests within our portfolio.

CORPORATE

The Company is focused on opportunities in stable geopolitical jurisdictions which include Canada and Western USA. Our position in the Bell Mountain area on the Walker Lane trend in Nevada and our investment in the drilling of a high-grade gold deposit in Northwest British Columbia are examples of successes that have been initiated while we streamlined the combined companies' corporate structure. Eros has $10,000,000 in the treasury which equates to approximately $0.25 in cash per share and is operated with a modest corporate structure leaving the treasury available for strategic investments.

About Boss
Boss Power Corp. is a Canadian public company focused on the exploration and development of mineral deposits in North America.

About Anthem
Anthem Resources Inc. is a Canadian exploration company, which holds a number of uranium properties, joint ventures and royalty interests.

For more information contact:

BOSS POWER CORP.
Ron Netolitzky, CEO
(604) 688-8115
ANTHEM RESOURCES INC.
Walter Coles Jr., President/CEO
(604) 568-7709

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION


This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the parties' expectations include: risks relating to uncertainties associated with the Arrangement; and risks that certain conditions to the consummation of the Arrangement will not be satisfied. Anthem's and Boss' forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. The parties assume no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change unless required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact: Tony Perri - Investor Relations, Manager
Suite 611, 675 W. Hastings Street Vancouver, British Columbia, Canada V6B 1N2
Tel: (604) 688-8115 Fax: (604) 669-2543



You can view the Previous News Releases item: Mon Jun 15, 2015, Anthem Receives Payment for Chateau Fort, Quebec Gold Property page, or press the Back button on your browser.


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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Boss Power Corporation

CODE : BPU.V
ISIN : CA1001201047
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Boss Power Corp. est une société d’exploration minière d'or basée au Canada.

Boss Power Corp. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 12,7 millions CA$ (9,8 millions US$, 8,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 23 mai 2008 à 74,24 CA$, et son plus bas niveau récent le 27 mars 2009 à 0,07 CA$.

Boss Power Corp. possède 74 775 000 actions en circulation.

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Attributions d'options de Boss Power Corporation
15/07/2011Boss Power Grants 775.000 Stock Options to Directors, Offic...
Projets de Boss Power Corporation
28/08/2013Responds to News Release by Morning Star Resources Ltd.
16/04/2012Named as Defendant in Lawsuit by Sparton Resources
Communiqués de Presse de Boss Power Corporation
21/07/2015Boss Power Corp. Completes Acquisition of Anthem Resources I...
17/07/2015Boss Power and Anthem Resources Merge Following Special and ...
25/02/2015Laurion Announces Letter Of Intent with Boss Power Corporati...
23/01/2015Boss Power Completes Divisive Reorganization
23/01/2015Boss Power Corp. Announces Completion of Plan of Arrangement
09/01/2015Anthem Corporate Update
24/11/2014Boss Power to Complete Divisive Reorganization in January
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02/06/2014Boss Power Corp. Announces Closing of Blizzard Settlement wi...
01/04/2014IIROC Trading Resumption - BPU
01/04/2014Boss Power Corp., Morning Star Resources Ltd., Magic Dragon ...
31/03/2014IIROC Trading Halt - BPU
15/11/2013Nominees Elected at the Annual General and Special Meeting o...
13/11/2013Wins Arbitration And Defeats A New Beruschi Legal Initiative
11/11/2013Says Shareholders Should Not Be Influenced By Dissident Beru...
07/11/2013Says Don't Hand Control to Beruschi
06/11/2013Majority of Boss Power Board Continues to Recommend Sharehol...
04/11/2013Files Letter to Shareholders: Why Beruschi Should Not Be Tru...
01/11/2013ISS Recommends Shareholders Vote YELLOW Proxy FOR the Boss P...
30/10/2013Warns Shareholders: Beruschi Is The Problem - Not The Soluti...
25/10/2013Management and Board exercise options to help protect Boss P...
23/10/2013Board of Boss Power to Step Down; Nominates Highly Qualified...
15/10/2013Receives Advance Notice of Dissident Nominees; Provides Upda...
08/10/2013It Is Time for Anthony Beruschi To Do the Right Thing For AL...
01/10/2013Rejects Allegations made by Anthony Beruschi
23/09/2013formal offer to pay Morning Star's President, Anthony Berusc...
23/09/2013Formal Offer to Pay Morning Star's President, Anthony Berusc...
12/09/2013Responds to Morning Star Resources Ltd. and Announces Annual...
30/04/2013Provides Update on Ongoing Litigation
04/04/2013Continues Search for CEO
26/03/2013The President and CEO of Boss Power Dies of a Heart Attack
17/08/2012Provides Results From AGM
20/07/2012Provides Update to Settlement with BC Government
18/05/2012to Finalize Settlement with BC Government
13/07/2011Provides Update from AGM
28/03/2011Provides Update on Progress of Expropriation Lawsuit Against...
16/09/2009Extends Warrant Period
05/12/2008Amends Warrant Terms
01/12/2008Receives Statement of Defence in Lawsuit Against Province of...
15/09/2008Announces Changes to Board of Directors
11/04/2008Engages Klohn Crippen Berger for Environmental Baseline Stud...
11/02/2008Creates Uranium Advisory Board
28/09/2007Re-organization; New Chair and CEO Announced
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