RAP Acquisition Corp. Announces Shareholder Approval And Completion Of Share Consolidation

    




 TORONTO, Nov. 30, 2011 /CNW/ - RAP Acquisition Corp. (NEX: RAP.H) ("RAP") is pleased to announce that the shareholders of RAP approved the  amalgamation (the "Amalgamation") of RAP with Ferrum Americas Mining Inc.  ("Ferrum Americas") and related matters including the consolidation of RAP's common  shares on the basis of one post-consolidation common share for every 5  common shares issued and outstanding immediately before the  consolidation (the "Consolidation"). RAP completed the Consolidation on November 29, 2011. The  Amalgamation is expected to be effective on November 30, 2011. 

 The TSX Venture Exchange (the "TSXV") had conditionally approved the qualifying transaction of RAP.  In  addition, the TSXV has conditionally approved the listing of the shares  of the amalgamated corporation on the TSXV.  Listing of the shares is  subject to Ferrum Americas fulfilling all of the requirements of the  TSXV on or before February 7, 2011. 

 Completion of the Amalgamation is subject to a number of conditions,  including but not limited to, TSXV acceptance.  There can be no  assurance that the Amalgamation will be completed as proposed or at  all.  Investors are cautioned that, except as disclosed in the  Information Circular of RAP filed on SEDAR in connection with the  Amalgamation and other matters, any information released or received  with respect to the Amalgamation may not be accurate or complete and  should not be relied upon. Trading in the securities of RAP should be  considered highly speculative. 

 The TSX Venture Exchange has not in any way passed upon the merits of  the Amalgamation and has not approved nor disapproved the contents of  this press release. 

 Haywood Securities Inc., subject to completion of satisfactory due  diligence, has agreed to act as sponsor to Ferrum Americas in  connection with the Amalgamation. An agreement to sponsor should not be  construed as any assurance with respect to the merits of the  Amalgamation or the likelihood of completion. 

 Notice on forward-looking statements: 

 This release includes forward-looking statements regarding RAP, Ferrum  Americas and their respective businesses.  Such statements are based on  the current expectations of the management of each entity. The  forward-looking events and circumstances discussed in this release,  including completion of the Amalgamation, may not occur and could  differ materially as a result of known and unknown risk factors and  uncertainties affecting the companies, including risks regarding the  mining industry, economic factors and the equity markets generally.  No  forward-looking statement can be guaranteed. Except as required by  applicable securities laws, forward-looking statements speak only as of  the date on which they are made and RAP and Ferrum Americas undertake  no obligation to publicly update or revise any forward-looking  statement, whether as a result of new information, future events, or  otherwise. 

 Neither TSX Venture Exchange 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. 

RAP Acquisition Corp.


CONTACT:  Ronald Schmeichel, Director of RAP Acquisition Corp. at416-972-6574 


    

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