Ascendant Copper's Acquisition of St. Genevieve Resources Overwhelmingly Approved by Shareholders
2008年3月17日 - 9:31PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: ACX)(TSX: ACX.WT)(TSX:
ACX.WT.A)(BERLIN: A0HMLE)(FRANKFURT: A5C)(WKN A0HMLE) today
announced that the shareholders of St. Genevieve Resources Ltd.
("St. Genevieve") (CNQ: SGVL) have overwhelmingly approved the
previously announced plan of arrangement whereby Ascendant will
acquire all outstanding St. Genevieve shares in a stock
transaction.
The arrangement was approved at the special meeting of
securityholders, held in Montreal on March 14, 2008, by over 99% of
the votes cast by shareholders and 100% of the votes cast by
warrantholders represented at the special meeting. St. Genevieve
will apply for final approval of the plan of arrangement by the
Quebec Superior Court on Tuesday, March 18, 2008 and the
transaction is expected to close on or about Wednesday, March 26,
2008.
About Ascendant Copper Corporation
Ascendant is a mineral exploration and development company that
is focused on becoming a mid-tier copper and molybdenum producer.
Ascendant is responsibly advancing its copper-molybdenum projects
in Ecuador toward verifiable economic base metal discoveries and is
also evaluating near-term production scenarios for the U.S. copper
properties that it is proposing to acquire from St. Genevieve.
Contacts: Ascendant Copper Corporation Rana S. Gill Chief
Financial Officer 1-866-907-6047 Ascendant Copper Corporation John
Haigh Manager of Investor Relations 1-866-907-6047 Email:
info@ascendantcopper.com Website: www.ascendantcopper.com
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