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Wildcat Shareholders Approve Acquisition of Mammoth Minerals
Wildcat Silver Corporation (TSX VENTURE:WS) announced that further to the announcement made on May 6, 2010, shareholders of Wildcat today approved the Plan of Arrangement whereby Wildcat will distribute 9,392,653 of the 10,392,653 Riva Gold Corporation common shares it currently holds to Wildcat shareholders on a pro-rata basis.
Wildcat Silver Corporation (TSX VENTURE:WS) announced that further to the announcement made on May 6, 2010, shareholders of Wildcat today approved the Plan of Arrangement whereby Wildcat will distribute 9,392,653 of the 10,392,653 Riva Gold Corporation common shares it currently holds to Wildcat shareholders on a pro-rata basis.
The press release is quoted as saying:
The record date for the distribution of Riva shares will be July 19, 2010. Approval of the Plan of Arrangement was one of the conditions for completion of the acquisition of Mammoth Minerals Inc. (“Mammoth”) by Riva, a wholly owned subsidiary of Wildcat. Consideration for the acquisition will be satisfied by Riva issuing 10,500,000 common shares to Mammoth shareholders.
Click here to access the entire press release
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