PR-Inside.com: 2014-04-17 15:27:34
Northern Tiger and Redtail Metals Merger Receives Conditional Approval; Northern Tiger Changes Name To Golden Predator Mining Corp.
Vancouver, British columbia (FSCwire) - Redtail Metals Corp. (TSX-V: RTZ) (“Redtail”) and Northern Tiger Resources Inc. (TSX-V: NTR) (“Northern Tiger”) are pleased to announce that the TSX Venture Exchange has conditionally approved the proposed merger of Redtail and Northern Tiger, and all related transactions. Concurrently, the Exchange approved the change of Northern Tiger’s name to “Golden Predator Mining Corp.” and the consolidation of Northern Tiger’s share capital on a 7 (old) for 1 (new) basis.
The shares of Northern Tiger and Redtail have been halted pending completion of the merger, which is anticipated to occur on Thursday, April 17, 2014. Following completion of the merger, Northern Tiger shares will commence trading on the TSX Venture Exchange, on a consolidated basis, under the trading symbol “GPY” and Redtail will be delisted.
A new CUSIP number of 38116P105 and a new ISIN number of CA38116P1053 have been obtained to distinguish the name change and consolidation. As a result of the consolidation (but excluding shares issued to Redtail shareholders on the merger), Northern Tiger will have 8,366,832 common shares issued and outstanding. If, as a result of the consolidation, a shareholder becomes entitled to receive a fractional common share, such fraction will be rounded down to the nearest whole number.
About Golden Predator Mining Corp.
Golden Predator’s corporate mandate is to advance the Brewery Creek Mine towards production by obtaining a joint venture partner. The Brewery Creek Mine operated from 1996 to 2002, before closing down due to low gold prices. Golden Predator has identified significant resources and engineering, environmental and heritage studies are underway to support current permitting requirements. A 2012 Socio Economic Accord with the Tr'ondek Hwech'in First Nation is in place with respect to Brewery Creek. The Company also holds additional advanced projects with current resources and/or new discovery potential such as 3Aces, Grew Creek and the Marg & Clear Lake deposits.
For additional information:
William M. Sheriff, Interim CEO
Redtails Metals Corp.
President & CEO
Cautionary Note Regarding Forward-Looking Statements
Neither the 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.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms and completion of the merger and related transactions are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: failure to satisfy all conditions precedent to the merger, including shareholder approval, final approval of the TSX Venture Exchange and completion of the concurrent financing and the AMB acquisition, and the additional risks identified in the management discussion and analysis section of Redtail Metal Corp.’s or Northern Tiger Resources Inc.’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
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Source: Redtail Metals Corp. (TSX Venture:RTZ) www.redtailmetals.com/
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