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NNN.H

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:NNN.H TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

NiMin Energy Corp. Announces Final Distribution

28/03/2014 10:10pm

Marketwired Canada


NiMin Energy Corp. (TSX VENTURE:NNN.H) (the "Company" or "NiMin") announced
today that its board of directors has declared a final distribution to
shareholders of US$0.07 per common share ("Common Share") of the Company in
connection with the voluntary liquidation and dissolution of NiMin. The
distribution will be made as a return of capital to shareholders of record on
April 11, 2014. The distribution will be payable on April 28, 2014.


This distribution represents the final distribution to shareholders of the
proceeds from the sale of all or substantially all of the Company's assets
("Sale of Assets") as previously announced less obligations, liabilities and
contingency reserves. Shareholders approved the Sale of Assets and the voluntary
liquidation and dissolution of the Company and the distribution of the remaining
assets of the Company at the annual and special meeting of shareholders held on
June 26, 2012.


In connection with the final distribution, the Company anticipates trading of
the Common Shares on the NEX to be halted at the opening on April 9, 2014 until
delisting from the NEX occurs immediately following the payable date. 


Once the Company completes the final distribution to its shareholders, the
Company intends to make an application to the Registrar of Corporations
(Alberta) for a Certificate of Dissolution. 


About NiMin Energy

NiMin is an Alberta corporation currently in the liquidation and dissolution
process. Further information regarding the liquidation and dissolution of the
Company will be made when available.


Cautionary Statements 

This news release contains forward-looking statements and information
("forward-looking statements") within the meaning of applicable securities laws
including statements regarding the timing of the Company's final distribution to
shareholders, and the ability of the Company to obtain governmental
certificates. Although NiMin believes that the expectations reflected in its
forward-looking statements are reasonable, such statements have been based upon
currently available information to NiMin. Such statements are subject to known
and unknown risks, uncertainties and other factors that could influence actual
results or events and cause actual results or events to differ materially from
those stated, anticipated or implied in forward-looking statements. The risks,
uncertainties, material assumptions and other factors that could affect actual
results are discussed in more detail in NiMin's Annual Report on Form 10-K and
other documents available at www.sedar.com and www.sec.gov. Readers are
cautioned to not place undue reliance on forward-looking statements. The
statements in this press release are made as of the date of this release, and,
except as required by applicable law, NiMin does not undertake any obligation to
publicly update or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise. The
forward-looking statements contained in this document are expressly qualified by
this cautionary statement. NiMin undertakes no obligation to comment on
analyses, expectations or statements made by third-parties in respect of NiMin
or the transactions discussed herein. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
NiMin Energy Corp.
Jonathan Wimbish, CFA
Chief Financial Officer
+1 (805) 566-2900
jwimbish@niminenergy.com

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