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NMB Normabec Mining Resources Com Npv

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Share Name Share Symbol Market Type
Normabec Mining Resources Com Npv TSXV:NMB 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 -

Normabec Shareholders Approve Plan of Arrangement With First Majestic

06/11/2009 9:09pm

Marketwired Canada


Normabec Mining Resources Ltd. ("Normabec") (TSX VENTURE:NMB) is pleased to
announce that its shareholders have overwhelmingly voted in favour of the
proposed arrangement involving First Majestic Silver Corp ("First Majestic")
(TSX:FR), Normabec and Brionor Resources Inc. ("Brionor"), a wholly-owned
subsidiary of Normabec. Following the unanimous recommendation by the Normabec
Board of Directors, the transaction was approved by over 99% of the votes cast
at the special shareholders meeting held today in Montreal. The Final Court
Order approving the Arrangement will be sought on November 9, 2009. The
effective date of the arrangement is expected to be November 13, 2009.


"We are excited that the shareholders of Normabec have approved the transaction
with First Majestic" said Robert Ayotte, President of Normabec. Brionor will
hold Normabec's interest in the Pitt Gold Property, and all other Quebec mineral
interests currently held by Normabec, and will continue to be managed by the
existing Normabec management. First Majestic will also invest, via a private
placement, $300,000 in Brionor, representing 9.9% of the outstanding capital of
Brionor after closing.


This transaction is expected to substantially benefit Normabec shareholders by
not only allowing them to participate in the future upside of First Majestic, a
producing silver company focused in Mexico, but also allowing them to retain the
growth potential of the Pitt Gold Project located in Quebec.


Neither the TSX Venture Exchange (TSX Venture) 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.


1 Year Normabec Mining Resources Com Npv Chart

1 Year Normabec Mining Resources Com Npv Chart

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1 Month Normabec Mining Resources Com Npv Chart

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