AGORACOM Blog - Why Wall Street CEO's Must Go to Jail And Pay Back Billions In Bonuses
If you need answers, or need to vent, this is a must read.
The filing of the Final Prospectus by Pro Minerals is in connection with the previously announced Plan of Arrangement whereby Novawest will spin off six of its Ontario properties into Pro Minerals. Pro Minerals has applied to be listed on the TSX Venture Exchange (the "Exchange").
On the effective date (the "Effective Date") of the Plan of Arrangement, which date will be contemporaneous with the closing date of the IPO of Pro Minerals, Novawest will distribute one common share of Pro Minerals for every five Novawest shares held by Novawest shareholders and Pro Minerals will distribute one common share purchase warrant of Pro Minerals for every five Novawest warrants held by Novawest warrantholders. As per the requirements of the Exchange and the B.C. Securities Commission, these "spin-off" shares will be subject to a four month hold period.
In other business, Novawest wishes to advise that the shares which were issued pursuant to the private placement which was announced in the Company'sNovember 5, 2007 News Release, are subject to a hold period which expires March 10, 2008. All of the aforementioned is subject to the approval of the TSX Venture Exchange.
The Exchange has not approved nor disapproved the contents of this press
release.
ON BEHALF OF THE BOARD OF DIRECTORS OF NOVAWEST RESOURCES INC.
"Patrick D. O'Brien"
------------------------------------...
Patrick D. O'Brien - President
Novawest invites the public to visit its website at http://www.novawest.com or e-mail the company at novawest@novawest.com to be added to the company's e-mail list for press releases and updates.
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN.
For further information:
Suite 1000, The Marine Building,
355 Burrard Street,
Vancouver, British Columbia,
Canada, V6C 2G8,
Tel: (604) 683-8990,
Toll-Free: 1-800-663-8990,
Fax: (604) 683-8903,
www.novawest.com, novawest@novawest.com
0 members recommend this.
