ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

WNP Western Prospector Grp. Com Npv

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Western Prospector Grp. Com Npv TSXV:WNP 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 -

Western Prospector Advises that Shareholders Approve Going-Private Transaction Proposed by CNNC International

14/08/2009 10:59pm

Marketwired Canada


Western Prospector Group Ltd. ("Western Prospector") (TSX VENTURE:WNP) hereby
announces the completion of the amalgamation (the "Amalgamation") of Western
Prospector and 0856656 B.C. Ltd. ("0856656"), a wholly-owned subsidiary of First
Development Holdings Corporation ("First Development"), pursuant to the terms of
an amalgamation agreement dated July 16, 2009 between 0856656 and Western
Prospector. The Amalgamation was approved by the shareholders of Western
Prospector at a special meeting held on August 14, 2009. Of the voting
shareholders, represented in person or by proxy, 99.25% voted in favour of the
Amalgamation. In addition, "minority" shareholders voted 99.25% in favour of the
Amalgamation. Details of the voting results will be filed on SEDAR
(www.sedar.com).


The amalgamated entity will continue to carry on business under the name
"Western Prospector Group Ltd.". First Development now holds 100% of the common
shares of the new Western Prospector Group Ltd.


Applications will be filed to delist the common shares of Western Prospector
from the TSX Venture Exchange and for Western Prospector to cease to be a
reporting issuer.


Shareholders of Western Prospector should refer to the management information
circular dated July 16, 2009 for instructions on how to surrender their Western
Prospector share certificates and receive the consideration under the terms of
the Amalgamation.


About First Development

First Development is an indirect wholly-owned subsidiary of CNNC International
Limited ("CNNC Intl."). CNNC Intl. is a public company listed on the Hong Kong
Stock Exchange. China Uranium Corporation ("CUC"), as a wholly-owned subsidiary
of China National Nuclear Corporation ("CNNC"), China's leading uranium
development and nuclear fuel company, indirectly holds approximately 62.07% of
the issued share capital of CNNC Intl. as at the date of this press release
through its wholly-owned unit, CNNC Overseas Uranium Holding Ltd., CUC was
incorporated as an exclusive platform of CNNC to be fully dedicated to
exploring, mining, and producing uranium overseas and global mergers and
acquisitions in the uranium sector.


Note Regarding Forward-Looking Statements

This press release and other written or oral communication from Western
Prospector may include certain statements that may be considered
"forward-looking statements" within the meaning of that phrase under Canadian
securities laws. Statements other than historical facts that address possible
future events, plans or developments are forward-looking statements. Such
statements may be identified by the use of words such as "will", ""may",
"expects", "estimate", "intend" or the use of the future or conditional tense.
Certain material factors or assumptions were applied in drawing our conclusions
and making those forward-looking statements. Forward-looking statements reflect
management's current views with respect to possible future events and conditions
and, by their nature, are based on management's beliefs and assumptions and
subject to known and unknown risks and uncertainties, both general and specific
to Western Prospector. Although Western Prospector believes the expectations
expressed in such forward-looking statements are reasonable, such statements are
not guarantees of future performance and actual results or developments may
differ materially from those in our forward-looking statements. Readers are
cautioned that risks may change or new risks may emerge. Additional information
regarding the material factors and assumptions that were applied in making these
forward looking statements as well as the various risks and uncertainties we
face are described in greater detail in the "Risk Factors" section of our annual
and interim Management's Discussion and Analysis of our financial results and
ther continuous disclosure documents and financial statements we file with the
Canadian securities regulatory authorities which are available at www.sedar.com
and available on Western Prospector's website at www.westernprospector.com.
Western Prospector undertakes no obligation to update this forward-looking
information except as required by applicable law.


1 Year Western Prospector Grp. Com Npv Chart

1 Year Western Prospector Grp. Com Npv Chart

1 Month Western Prospector Grp. Com Npv Chart

1 Month Western Prospector Grp. Com Npv Chart