True Zone Resources Inc. Announces the Approval of the Plan Of Arrangement by the Supreme Court of British Columbia
January 19 2015 - 1:48PM
Access Wire
Vancouver, BC /
ACCESSWIRE / January 19, 2015
/ True Zone Resources Inc. (CSE: TAZ) (the "Company")
announces that further to the news release dated January 12, 2015,
the Supreme Court of British Columbia approved the plan of
arrangement between the Company, its five wholly owned
subsidiaries: Patch Industries Ltd., Frond Resources Ltd., Oak
Cliff Resources Ltd., Moshi Mountain Industries Ltd., and Elm
Resources Ltd. and the shareholders of the Company (the
"Arrangement").
The Arrangement will have to
be filed with the Corporate Registry of British Columbia before it
becomes effective. The Company will issue a separate news release
when the plan of arrangement becomes effective.
As announced earlier, the
Company has declared January 26, 2015 as the share
distribution record date for the purposes of the
Arrangement. Under the Arrangement, 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.
For further information,
please contact:
Souhail Abi-Farrage : CEO,
President and Director
Telephone:
778-891-2701
Email :
info@truezoneresources.com
The CSE has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
release.
SOURCE: True Zone Resources Inc.
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