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The Superior Court Approves the Plan of Arrangement Proposed by Animiki Resources Inc.
Published : February 23, 2011

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LA PRAIRIE, QUEBEC--(Marketwire - Feb. 23, 2011) - The management of Vantex Resources Ltd (the « Corporation » or « Vantex »)(News - Market indicators) is pleased to announce that the Superior Court approves the plan of arrangement between the Corporation, Animiki Resources inc. (« Animiki ») and Animiki Mining Corporation Ltd. (« Mining Corporation »).

According to this plan of arrangement, Vantex will sell its Santa Anna mining property, located in the La Reine township, 15 kilometres from La Sarre, to Animiki, a private corporation. In exchange, Animiki will issue to Vantex 3,750,000 common shares of its authorized share capital at a price of $0.20 per share. Also, Animiki will pay a 1% net smelting return (« NSR ») and the original owners of the property also keep a 2 % NSR.

Animiki will also acquire a mining property from Mining Corporation known as the Swanson property, located in the Fiedmont township, 35 kilometres from Val-d'Or. This property is comprised of 23 adjacent claims. In exchange for this acquisition, Animiki will issue to Mining Corporation 825,000 common shares of its authorized share capital at a price of $0.20 per share.

Animiki, Vantex and Mining Corporation agreed on a plan of arrangement where Vantex will distribute to its own shareholders in the form of a dividend in property, 3,378,750 shares, or 90.1 % of the received shares, while Mining Corporation will redistribute also in the form of a dividend in property to its shareholders, the entire 825,000 shares received.

The judgement of the Superior court, rendered on February 22, 2011, follows the proposition adopted by Vantex shareholders at its Special meeting of shareholders that took place on December 23, 2010. The proposition regarding the plan of arrangement was approved by 70.2 % of the votes cast by shareholders present or represented.

Animiki is a new corporation created under the Canada business corporations act that will apply for the listing of its shares on the TSX Venture Exchange.

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 more information, please contact

Source :
Guy Morissette
CEO
www.vantexressources.com
or
For information :
Wayne Carlon
VP Business development
902-857-1043
waynecarlon@eastlink.ca
or
Allyson Taylor Partners Inc.
Sean F. Budnik
514-397-0110
sean@allysontaylorpartners.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Vantex Resources

EXPLORATEUR
CODE : VAX
ISIN : CA9219454084
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Vantex Res. est une société d’exploration minière d'or et de cuivre basée au Canada.

Vantex Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont ST PIERRE, PAYNE, MANIC, PATICA BLOCK, PINACA BLOCK, SANTA ANNA, HEVA, GALLOWAY PROJECT, GUILLET, ANA et ANA - VANTEX au Canada.

Vantex Res. est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 5,1 millions CA$ (4,0 millions US$, 3,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 14 janvier 2011 à 0,64 CA$, et son plus bas niveau récent le 16 octobre 2015 à 0,01 CA$.

Vantex Res. possède 16 709 999 actions en circulation.

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Rapports annuels de Vantex Resources
2008 Annual report
2007 Annual report
Attributions d'options de Vantex Resources
12/09/2012Reduces Stock Option Plan
17/06/2011Modifies Stock Option Plan and Grants Options
Projets de Vantex Resources
03/04/2013(Galloway Project)s on Current Drilling on the Moriss Zone of the Galloway Pro...
08/04/2011(Galloway Project)Resumes Drilling on Moriss
23/02/2011(Santa Anna)The Superior Court Approves the Plan of Arrangement Proposed...
27/02/2007(Guillet)Makes Important Gold Discovery in Guillet
Communiqués de Presse de Vantex Resources
08/05/2013Intersects 137.9 g/t Au Over 1.4 M on Moriss
01/05/2013Announces Shareholder Meeting Vote Results
28/03/2013to Renew Its Shareholder Rights Plan
05/02/2013Announces Flow Through Units Offering for a Maximum of $504,...
16/01/2013Expands Land Position at Moriss Zone Exploration to Target H...
07/11/2012Acquires the Lac Fortune West Property
02/10/2012Rob McEwen Increases Stake in Vantex
19/09/2012Announces Initial Mineral Resource Statement for GP Gold Dep...
12/07/2011Raises $260,000 in Flow-Through Units
14/06/2011Intersects 72 Metres at .6 g/t Au on Galloway-Hendrick Zone
25/05/2011Intersects 32.9 g/t Au Over 4 Metres on Galloway-Moriss Zone
12/05/2011Hires SRK Consulting
28/04/2011Intersects 5.3 Metres at 24.9 g/t Au on Moriss
22/03/2011Cuts 186 Metres at 0.72 g/t Au on Galloway
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