AMW Alpha Minerals

ALPHA MINERALS INC. ("Alpha" or the "Company") (TSX VENTURE:AMW)(FRANKFURT:E2GA)
is pleased to report that the previously announced plan of arrangement (the
"Arrangement") with Fission Uranium Corp. ("Fission"), as described in the joint
news release dated November 28, 2013, has been approved by the Court of Queen's
Bench of Alberta. On completion of the Arrangement, each Alpha shareholder will
hold: (i) 5.725 common shares of Fission; and (ii) one-half of one common share
of Alpha Exploration Inc. (an "AEX Share").


The Arrangement is subject to final approval by the TSX Venture Exchange (the
"TSX-V"). Completion of the Arrangement is expected to occur on December 6,
2013. The Alpha shares will commence trading on the TSX-V on an
"ex-distribution" basis at the open of market on December 3, 2013, as of which
date purchasers of Alpha shares will no longer have an attaching right to
receive AEX Shares in accordance with the Arrangement. Upon completion of the
Arrangement, all of shares of Alpha shall be owned by Fission, and Alpha shares
will be de-listed from trading on the TSX-V.


Under the Arrangement, Alpha Exploration Inc. ("AEX") will be spun out and shall
receive Alpha Minerals assets, other than its joint venture interest in the PLS
property, and approximately $3,000,000 in cash. The current directors and
officers of Alpha will substantially form the board and management of AEX, and
will guide the exploration and development of the inherited portfolio of mineral
properties located in Ontario (Mikwam), Saskatchewan (Hook, Cluff Lake-ACME,
Cluff Lake-Logan, and Cluff Lake-Rio Tinto) and British Columbia (Donna), in
conjunction with reviewing new opportunities under the normal course of
business, whether by staking, acquisition or joint venture.


An application for listing of the AEX Shares on TSX-V has been filed, however
listing is subject to final TSX-V acceptance. 


Additional information regarding the terms of the Arrangement are set out in the
Circular, which is available under Alpha's profile at www.sedar.com.


About Alpha Minerals Inc. 

Alpha Minerals Inc. is a mineral exploration company whose principal focus is
the exploration and development of uranium properties in Athabasca Basin in
northern Saskatchewan, Canada. Common Shares are listed on the TSX Venture
Exchange under the symbol "AMW".


Additional information about Alpha is available on Alpha's website at
www.alphaminerals.ca or under its profile on SEDAR at www.sedar.com.


On behalf of the Board of Directors of Alpha Minerals Inc. 

Ben Ainsworth, President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


Cautionary Statement: Certain information contained in this press release
constitutes "forward-looking information", within the meaning of Canadian
legislation concerning the completion of the Arrangement. Generally, these
forward-looking statements can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur", "be achieved" or "has the potential to". Forward
looking statements contained in this press release may include statements
regarding our ability to complete the Arrangement and listing of Fission Spinco
Shares which involve known and unknown risks and uncertainties which may not
prove to be accurate. In particular, this press release includes forward-looking
information relating to the anticipated dates with respect to the "due bill"
procedure. Actual results and outcomes may differ materially from what is
expressed or forecasted in these forward-looking statements. Such statements are
qualified in their entirety by the inherent risks and uncertainties surrounding
future expectations. Among those factors which could cause actual results to
differ materially are the following: uncertainties as to the timing of the
Arrangement and satisfaction of the conditions thereto, market conditions and
other risk factors listed from time to time in our reports filed with Canadian
securities regulators on SEDAR at www.sedar.com. The forward-looking statements
included in this press release are made as of the date of this press release and
the Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by applicable securities
legislation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alpha Minerals Inc.
Robert (Bob) Meister
(604) 629-0293 or Toll Free: 1-866-629-8368
(604) 684-9365 (FAX)
www.alphaminerals.ca

Alpha Minerals (TSXV:AMW)
Historical Stock Chart
From May 2024 to Jun 2024

Alpha Minerals (TSXV:AMW)
Historical Stock Chart
From Jun 2023 to Jun 2024