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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Kinbauri Gold Corp Com Npv | TSXV:KNB | 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 | - |
On July 12, 2009, Kinbauri announced that it had signed a binding letter agreement with ATW Gold Corp. (TSX VENTURE: ATW) ("ATW") to combine the two companies at the agreed exchange ratio of 1.35 ATW shares per Kinbauri share, which implies a purchase price of C$0.85 per Kinbauri share using closing share prices on July 10, 2009.
Kinbauri's Board of Directors recommends that shareholders do not take any action (including the tendering of shares) with respect to the Orvana Offer, until the Special Committee of the Board of Directors has completed its review and the Board of Directors has had an opportunity to fully evaluate the Orvana Offer and communicate its views to shareholders.
For assistance in withdrawing any shares already tendered, or other questions, please contact Laurel Hill Advisory Group, the Information Agent retained by Kinbauri in connection with the Orvana Offer, toll free at 1-888-812-9184 from anywhere in Canada or the United States and collect at 416-637-4661 from outside North America.
About Kinbauri
Kinbauri (TSX VENTURE: KNB) is a mineral exploration company focused on the development of precious metal prospects in Spain, Nevada and Canada. Its immediate focus is to begin operations at its El Valle/Carles property in Asturias, northwestern Spain in 2010. It currently has 59,348,051 common shares issued and outstanding. For more information visit www.kinbaurimaximized.com or www.kinbauri-gold.com.
THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains certain forward-looking statements, which are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. Kinbauri undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Contacts: Kinbauri Gold Corp. Mr. Brian McEwen Director, Special Committee member 613-836-2594 613-831-2730 (FAX) bmcewen@kinbauri-gold.com Kinbauri Gold Corp. Darrell Munro, BB.A, LL.B, Manager 613-836-0198 dmunro@kinbauri-gold.com Europe INVESTEL Ruediger (Rudy) Hnyk, CEO Investor Relations & Telecommunications ceo@investel.de
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