Wildcat Announces Initial Approvals on Acquisition of Mammoth Minerals

Wildcat Silver Corporation (TSX VENTURE:WS) reported that further to the announcement made on May 6, 2010, shareholders of Mammoth Minerals Inc. approved the acquisition of Mammoth by Riva Gold Corp., a wholly owned subsidiary of Wildcat, at the Mammoth shareholders’ meeting held on June 8, 2010.

The press release is quoted as saying:

In addition, the BC Supreme Court granted Wildcat an interim order enabling the Company to proceed with a special meeting at which Wildcat shareholders will consider a proposed plan of arrangement (the “Plan of Arrangement”). Under the Plan of Arrangement, Wildcat, which currently holds 10,392,653 Riva shares, will distribute all but 1,000,000 Riva shares to Wildcat shareholders on a pro-rata basis. The record date for the distribution is anticipated to be on or about July 16, 2010.

Click here to access the entire press release

Click here to access Wildcat Silver Corporation Corporate Site