TORONTO,
Aug. 27, 2013 /CNW/ - Further to the
press releases dated June 24, 2013,
August 1, 2013 and August 21, 2013, Middlefield Group is pleased to
announce that the merger of Uranium Focused Energy Fund ("Uranium")
and MBN Corporation ("MBN") will proceed as scheduled on
August 28, 2013.
Pursuant to the merger, MBN, which is a non-redeemable
investment fund, will issue Equity Shares to Uranium
unitholders in satisfaction of the purchase price for all of the
property of Uranium. Following the completion of the
merger on August 28, 2013, the units
of Uranium will be delisted from the Toronto Stock Exchange
("TSX").
Equity Shares of MBN trade under the symbol
"MBN" on the TSX.
Certain statements in this press release may
be viewed as forward-looking statements. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, intentions, projections, objectives,
assumptions or future events or performance (often, but not always,
using words or phrases such as "expects", "is expected",
"anticipates", "plans", "estimates" or "intends" (or negative or
grammatical variations thereof), or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved) are not statements of historical fact
and may be forward-looking statements. Statements which may
constitute forward-looking statements relate to: the proposed
timing of the merger between Uranium and MBN and expected
completion thereof; the funds that are proposed to be merged; and
the retraction of Equity Shares by MBN. Forward-looking
statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those
reflected in the forward-looking statements including as a result
of changes in the general economic and political environment,
changes in applicable legislation, and the performance of each
fund. Actual events or results may differ materially from such
forward-looking statements as a result of risks facing one or both
of the funds, most of which are beyond the control of the funds.
There are no assurances the funds can fulfill such forward-looking
statements and the funds do not undertake any obligation to update
such statements.
SOURCE MBN Corporation
