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Trelawney Resources Inc.

Publié le 09 août 2011

Secures Additional Lock-up Agreements; 57% of Auge

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Mots clés associés :   Canada | K Street | Precious Metals |
 
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Trelawney Mining and Exploration Inc. SnapMail

FOR IMMEDIATE RELEASE
July 28, 2011
Toronto, Ontario
 

Trelawney Secures Additional Lock-up Agreements; 57% of Augen Gold Shares Now Supportive of the Trelawney Offer

August 9, 2011 � Toronto, Ontario � Trelawney Mining and Exploration Inc. (�Trelawney� or the �Company�) (TSXV: TRR, Frankfurt: RTW) announced today that additional Augen Gold. Corp. (�Augen�) shareholders, including Andrew Patient, Michael Neumann, Jeffrey Fallowfield, Douglas Fowler and Marquest Asset Management Inc. representing an aggregate of 7% of issued and outstanding Augen Shares, have entered into lock-up agreements supporting Trelawney�s share exchange take-over bid (the �Offer�) to acquire all of the outstanding common shares of Augen Gold Corp. In total, shareholders representing an aggregate of 53.7% of the issued and outstanding Augen shares have now entered into lock-up agreements supporting the Offer. Including the Augen shares held by Trelawney, shareholders representing a total of 57% of all Augen shares now support the Trelawney Offer.

Momentum Behind Trelawney Offer Increasing

On July 11, 2011 Trelawney announced that a group of Augen shareholders consisting of Libra Advisors LLC, Sprott Asset Management LP, Augen Capital Corp., Mineralfields 2010‐V Inc., Pathway Multiseries Fund LP, Sheldon Inwentash, Lynn Factor and Dr. Andrew Budning, representing an aggregate of 42% of the issued and outstanding Augen Shares, have entered into lock‐up agreements in support of the Offer.

On July 28, 2011 Trelawney announced that additional shareholders � Envoy Capital Group Inc., RBC Global Precious Metals Fund, Patrick Mohan, John Comi, Catherine Nullmeyer, David Loftus, Claudia DiMaio, Christopher Syme, Greg Carlyle, John Daniels, Kevin Drover and Richard Kellam � had entered into lock‐up agreements, increasing the lock-up total to 46.7% of the issued and outstanding Augen shares.

Offer Details

As previously disclosed, the Offer is to acquire all of the outstanding common shares of Augen at an implied offer price of $0.32 per common share (based on the closing price of the common shares of Trelawney on the TSX Venture Exchange (the �TSXV�) on July 8, 2011). Under the terms of the Offer, Augen shareholders will be entitled to receive 0.066 common shares of Trelawney (the �Trelawney Shares�) for each common share of Augen (the �Augen Shares�) held. The implied offer price represents a premium of approximately 40% relative to the volume-weighted average price of Augen Shares on the TSXV over the last 20 trading day period ended on July 8, 2011, the last trading day prior to Trelawney announcing its intention to make the Offer.

How to Tender Your Shares to the Offer

All questions regarding the Offer and how to tender Augen shares should be directed to Laurel Hill Advisory Group at 1‐877‐452‐7184 (North American Toll Free) or 416‐304‐0211 (Banks, Brokers or Collect Calls). Shareholders who wish to accept the Offer may do so before the Expiry Time of 5:00 p.m. (Toronto Time) on September 1, 2011 unless the Offer is withdrawn or extended.

This press release does not constitute an offer to buy or an invitation to sell, or the solicitation of an offer to buy or invitation to sell, any securities of Trelawney or Augen. Such an offer may only be made pursuant to an offer and takeover bid circular filed with the securities regulatory authorities in Canada and pursuant to registration or qualification under the securities laws of any other such jurisdiction.

About Trelawney

Trelawney is a Canadian junior mining and exploration company with a focus on Archean gold deposits. The Company's current focus is directed towards the continued exploration and development of the C�t� Lake Deposit, located in Chester Township 20 kilometres southwest of Gogama, Ontario.

For further information

Media: Augen Shareholders:
David Ryan
Longview Communications Inc.
416-649-8007

Joel Shaffer
Longview Communications Inc.
416-649-8006
Laurel Hill Advisory Group
1-877-452-7184 or 416-304-0211 (collect)
Email: assistance@laurelhill.com

Neither the 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.

This press release contains only summary information about the Offer and does not constitute an offer to purchase any securities. Complete information about the Offer is available by referring to the offer to purchase and take-over bid circular filed with Canadian securities regulators. Certain statements contained in this press release concerning Trelawney�s objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates are forward-looking statements. The words �believe�, �expect�, �intend�, �may�, �anticipate�, �will�, �would� and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are not based on historical facts, but rather on current expectations, assumptions and projections about future events. While Trelawney considers these factors and assumptions to be reasonable based on information currently available, they may be proven to be incorrect. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to, any of the terms and conditions of the Offer not being satisfied; general economic conditions; dependence on key personnel; and variations in required capital expenditures. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.



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Trelawney Mining and Exploration Inc.
130 King Street West, Suite 2810
Toronto Ontario Canada
M5X 1A6

Tel: 416-363-8567
Email: info@trelawneymining.com
Web: www.trelawneymining.com
 
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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

Trelawney Resources Inc.

EN DÉVELOPPEMENT
CODE : TRR.V
CUSIP : 988914 10 7
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Trelawney est une société d’exploration minière d'or basée au Canada.

Son principal projet en développement est CHESTER ONE au Canada et ses principaux projets en exploration sont MASSEY, MISHI, DORSET PROJECT et COTE LAKE au Canada.

Trelawney est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 583,5 millions CA$ (568,8 millions US$, 452,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 09 avril 2009 à 0,01 CA$, et son plus haut niveau récent le 15 juillet 2011 à 5,91 CA$.

Trelawney possède 177 366 000 actions en circulation.

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Financements de Trelawney Resources Inc.
17/05/2011Announces Filing of Preliminary Prospectus
10/05/2011Announces $50.0 Million Bought Deal Public Offerin
Nominations de Trelawney Resources Inc.
07/02/2012Announces Appointment of V.P. Environmental & Sust
04/07/2011Announces Appointment of Officers and Grant of Sto
Projets de Trelawney Resources Inc.
12/06/2012Intersects 316.00 Metres of 1.38 G/T Gold and 312.
15/05/2012Intersects 155.00 Metres Of 1.31 g/t Gold And 115.
10/04/2012Files NI 43-101 Technical Report and Resource Esti
05/03/2012Intersects 212.00 Metres of 2.09 g/t Gold from Inf
25/02/2012Announces Updated Resource of 5.9 Million Ounces I
14/02/2012Intersects 165.00 Metres of 1.20 g/t Gold at C=C3=B4t=C3=A9
06/12/2011intersects 583.00 metres of 0.77 g/t gold at C=C3=B4t=C3=A9
15/10/2011Commences Compulsory Acquisition of Augen Gold Cor
19/09/2011Intersects 93.00 Metres of 1.68 g/t Gold from Cont
10/09/2011Completes Acquisition of 21.6% Interest in Claim 2
29/08/2011Intersects 356.00 Metres of 1.35 g/t Gold from Con
26/08/2011MINING AND EXPLORATION INC. AND AUGEN GOLD CORP.
27/07/2011Uncovers New Exposure of C=C3=B4t=C3=A9 Lake Mineralization
20/06/2011Intersects 337.00 Metres of 0.94 g/t Gold at C=C3=B4t=C3=A9
30/05/2011(Chester One)Intersects 170.20 Metres of 1.01 g/t Gold Extends
04/04/2011Trelawney Intersects 304.00 Metres of 1.65 g/t Gold in 200=E...
07/03/2011(Cote Lake)Announces Initial Mineral Resource Estimate of 4.2 Million O...
26/02/2011Trelawney Announces Acquisition of Chester Mining Claims and
25/02/2011(Chester One)Announces Acquisition of Chester Mining Claims and Geologica...
14/02/2011(Cote Lake)Preliminary Metallurgical Testwork Yields Excellent Results ...
08/02/2011(Chester One)Intersects 243.10 Metres of 1.31 g/t Gold at the C
25/01/2011(Dorset Project)Intersects 95.40 Metres of 1.85 g/t Gold at the Co
Communiqués de Presse de Trelawney Resources Inc.
06/06/2012ISS And Glass Lewis Recommend That Trelawney Shareholders
29/03/2012Enters into Restated Amending Agreement on the Che
01/03/2012Trelawney Enters into Option Agreement with Falcon Gold to A
10/01/2012President Greg Gibson presenting at Dahlman Rose C
28/11/2011Completes Previously Announced Offering
24/11/2011at 2011 San Francisco Hard Assets Investment Confe
23/09/2011announces expiry of bid and additional tender of A
13/09/2011Announces that 87% of Augen Gold Corp. Shares have
11/08/2011provides update on offer for Augen Gold Corp.
09/08/2011Secures Additional Lock-up Agreements; 57% of Auge
28/07/2011Mails Offer Circular and Letter to Shareholders
11/07/2011Announces Intention to Make an Offer to Acquire Augen Gold C...
01/04/2011recognized as a TSX Venture 50 company
01/12/2010Provides Chester Project Exploration Update
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