True Zone Resources Inc., Announces Interim Court Order and Share Distribution Record Date Pursuant to the Proposed Arrangement
December 05 2014 - 3:12PM
Access Wire
Vancouver, BC / ACCESSWIRE
/ December 5, 2014 / True Zone
Resources Inc., (CSE: TAZ) (the "Company") is very pleased to
announce that today the Supreme Court of British Columbia approved
an interim order for the holding of its Annual General and Special
Meeting on January 12, 2015 for the approval of, among other
things, the proposed Plan of Arrangement (the "Arrangement")
announced on September 25, 2014.
The Company announces December 8, 2014 as the record date
of the Annual General and Special Meeting.
The Company also announces January 26, 2015 as the
share distribution record date
pursuant to the
Arrangement announced on
September 25, 2014. If the Arrangement
is approved by the Shareholders,
the number of
shares each Company's
shareholder will hold
in Patch Industries Ltd., Frond Resources Ltd., Oak Cliff
Resource Ltd., Moshi Mountain Industries Ltd., and Elm Resources
Ltd. will be equal
to the number of
Company's shares held by
the Company's shareholder at
the close of the
business day of January 26,
2015 divided by 100.
The
Arrangement will have
to be approved
by a special
resolution of the
shareholders of the Company
and the Supreme Court of British Columbia
and will have to
be filed with the
Corporate Registry of
British Columbia before
it becomes effective.
The
details of the
Arrangement will be
provided in the
management information circular,
which will be mailed
to the shareholders of
the Company and
will be available
on www.sedar.com
under the Company's profile.
The CSE has
not reviewed and
does not accept
responsibility for the
adequacy or accuracy of
this release.
For further information please contact
Souhail Abi-Farrage, CEO, President and
Director
Telephone: 778-891-2701
Email: info@truezoneresources.com
Forward Looking Statements
Certain
information set forth
in this news
release may contain
forward-looking statements that
involve substantial known
and unknown risks
and uncertainties. All
statements other than
statements of historical
fact are forward -looking
statements, including, without
limitation, statements regarding
future financial position,
business strategy, proposed acquisitions,
partnerships, joint-ventures
and strategic alliances
and co-operations, budgets,
cost and plans and
objectives of or
involving the Company.
These forward-looking statements
are subject to
numerous risks and
uncertainties, some of which
are beyond the control
of the Company
including, but not
limited to, the, impact of
general economic conditions,
industry conditions,
dependence upon regulatory
and shareholder approvals,
the execution of definitive
documentation, change of environmental
regulations and approval and the
uncertainty of obtaining
additional financing. Readers
are cautioned that
the assumptions used
in the preparation
of such information,
although considered reasonable
at the time of
preparation, may prove
to be imprecise
and, as such, undue
reliance should not
be placed on
forward-looking statements.
The Company does not
assume any obligation
to update or
revise its forward-looking
statements, whether as a
result of new information,
future events, or
otherwise.
SOURCE: True Zone Resources Inc.,
Tai Zi (LSE:TAZ)
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