Kodiak and Golden Goose Close Business Combination
17 December 2010 - 7:40AM
PR Newswire (Canada)
VANCOUVER and MONTREAL, Dec. 16 /CNW/ -- TSX.V KXL VANCOUVER
and MONTREAL, Dec. 16 /CNW Telbec/ - Kodiak Exploration Limited
(TSX-V: KXL, "Kodiak") and Golden Goose Resources Inc. (TSX-V: GGR,
"Golden Goose") are pleased to announce that, further to their
joint news releases dated August 31, 2010 and December 13,
2010, the business combination between the companies by way of a
statutory plan of arrangement pursuant to the provisions of the
Companies Act of Québec (the "Arrangement") was approved by the
Superior Court of Quebec on December 14, 2010 and closed effective
at 12:01 am (Montreal time) earlier today. Pursuant to the
Arrangement, Golden Goose shareholders will (subject to the
provisions for Small Lot Holders set out below) receive 1.2 Kodiak
shares and one quarter of one non-transferable Kodiak warrant for
each Golden Goose share surrendered, where each whole warrant
entitles its holder to purchase one Kodiak share at a price of
$0.45 for a period of three years. Outstanding options to purchase
Golden Goose shares ("Golden Goose Options") are to be cancelled
and holders of such options are to receive options to purchase such
number of Kodiak shares ("Kodiak Options") and at an exercise price
that reflects the exchange ratio of 1.2 Kodiak Options for each
Golden Goose Option. Small Lot Holders As set out in the Golden
Goose information circular in respect of the Arrangement dated
November 10, 2010, any holder of less than 500 shares of Golden
Goose who did not elect prior to the effective date of the
Arrangement to receive common shares and warrants of Kodiak in
exchange for his or her shares of Golden Goose will receive a cash
payment of $0.25 per Golden Goose share held. Board of Directors of
Kodiak As a result of the closing of the Arrangement, Kodiak is now
the sole shareholder of Golden Goose and the board of directors of
Kodiak now consists of seven directors, being Michael E.J. Phelps,
Thomas Barber, Robert Harrington, Thomas P. Mullan, David
Richardson, George Salamis and David Watkins. Letter of Transmittal
The letter of transmittal that was provided to Golden Goose
shareholders with the meeting materials in respect of the
Arrangement misstated the exchange ratio. It stated that Golden
Goose shareholders would receive one share of Kodiak and one
quarter of a Kodiak warrant in exchange for each share of Golden
Goose held. The correct exchange ratio is set forth above. On
behalf of the Boards of Directors: Brian J. Maher President and
Chief Executive Officer, Kodiak Exploration Limited François Perron
President and Chief Executive Officer, Golden Goose Resources, Inc.
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. To view this news release in HTML formatting, please
use the following URL:
http://www.cnw.ca/en/releases/archive/December2010/16/c6005.html
table valign="top" border="0"trtd align="center" colspan="2"bKodiak
Exploration Limited/b/td/tr trtdBrian J. Maher
/td tdEmail: a
href="mailto:ir@kodiakexp.com"ir@kodiakexp.com/a/td/tr
trtdPresident and Chief Executive Officer /td tdWebsite: a
href="http://www.kodiakexp.com"www.kodiakexp.com/a/td/tr trtd
align="center" colspan="2"Tel.: 1-604-688-9006 Fax:
1-604-688-9029/td/tr trtd colspan="2" /td/tr trtd
align="center" colspan="2"bRenmark Financial Communications
Inc./b/td/tr trtd align="center" colspan="2"Jason Roy: a
href="mailto:jroy@renmarkfinancial.com"jroy@renmarkfinancial.com/a/td/tr
trtd align="center" colspan="2"Arash Shahi: a
href="mailto:ashahi@renmarkfinancial.com"ashahi@renmarkfinancial.com/a/td/tr
trtd align="center" colspan="2"bMedia -/bVeronica Ortiz Rodriguez:
a
href="mailto:vortizrodriguez@renmarkfinancial.com"vortizrodriguez@renmarkfinancial.com/a/td/tr
trtd align="center" colspan="2"Tel.: (514) 939-3989 or (416)
644-2020/td/tr trtd align="center" colspan="2"a
href="http://www.renmarkfinancial.com"www.renmarkfinancial.com/a/td/tr
trtd colspan="2" /td/tr trtd align="center" colspan="2"bGolden
Goose Resources I/bbnc./b/td/tr trtdFrançois Perron
/td tdEmail: a
href="mailto:perron@goldengooseres.com"perron@goldengooseres.com/a/td/tr
trtdPresident and Chief Executive Officer
/td tdWebsite: a
href="http://www.goldengooseres.com"www.goldengooseres.com/a/td/tr
trtd align="center" colspan="2"Tel.: 1-888-928-466 Fax:
1-888-494-5371/td/tr/table
Copyright
Golden Goose Resources (TSXV:GGR)
Historical Stock Chart
From May 2024 to Jun 2024
Golden Goose Resources (TSXV:GGR)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Golden Goose Resources (TSX Venture Exchange): 0 recent articles
More Golden Goose Resources Inc. News Articles