True Zone Resources Inc., Announces Interim Court Order and Share Distribution Record Date Pursuant to the Proposed Arrangement
05.12.2014 | The Newswire
Vancouver, BC / TNW-ACCESSWIRE / December 5, 2014 / True Zone Resources Inc. (CSE: TAZ) (the "Company") is very pleased to announce that today the Supreme Court of British Columbia approved an interim order for the holding of its Annual General and Special Meeting on January 12, 2015 for the approval of, among other things, the proposed Plan of Arrangement (the "Arrangement") announced on September 25, 2014The Company announces December 8, 2014 as the record date of the Annual General and Special Meeting.
The Company also announces January 26, 2015 as the share distribution record date pursuant to the Arrangement announced on September 25, 2014. If the Arrangement is approved by the Shareholders, the number of shares each Company's shareholder will hold in Patch Industries Ltd., Frond Resources Ltd., Oak Cliff Resource Ltd., Moshi Mountain Industries Ltd., and Elm Resources Ltd. will be equal to the number of Company's shares held by the Company's shareholder at the close of the business day of January 26, 2015 divided by 100.
The Arrangement will have to be approved by a special resolution of the shareholders of the Company and the Supreme Court of British Columbia and will have to be filed with the Corporate Registry of British Columbia before it becomes effective.
The details of the Arrangement will be provided in the management information circular, which will be mailed to the shareholders of the Company and will be available on www.sedar.com under the Company's profile.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information please contact
True Zone Resources Inc.
Souhail Abi-Farrage, CEO, President and Director
Telephone: 778-891-2701
Email: info@truezoneresources.com
Forward Looking Statements: Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward -looking statements, including, without limitation, statements regarding future financial position, business strategy, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of the Company including, but not limited to, the, impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation, change of environmental regulations and approval and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.