True Zone Resources Inc. Announces the Effective Date of the Plan of Arrangement and Amalgamation
March 02 2015 - 11:19PM
Access Wire
VANCOUVER,
BC / ACCESSWIRE /
March 2, 2015 / True Zone
Resources Inc., (CSE:TAZ) (the "Company'') announces
that further
to the
news release
dated January 16, 2015,
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., Elm Resources Ltd., and the shareholders of the Company (the "Arrangement
Agreement") was amended on February 18,
2015 to allow for separate effective dates of each separate company
under the plan of arrangement. The Company obtained approval of the
amended Arrangement Agreement from the Supreme Court of British
Columbia on February 24, 2015.
The Company is
pleased to announce that it has completed the spinout of Moshi
Mountain Industries Ltd. ("Moshi") today under the Company's
amended plan of arrangement. The Company further announces that
further to reorganization plan as approved by its shareholders at
the 2015 ASGM, Moshi and Moshing Capital Inc. amalgamated today
under the continuing name of Moshi
Mountain Industries Ltd.
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
SOURCE: True Zone Resources Inc.
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