Tenajon Shareholders Overwhelmingly Approve Business Combination with Creston
2009年8月21日 - 6:36AM
Marketwired
Tenajon Resources Corp. ("Tenajon") (TSX VENTURE: TJS) is pleased
to announce that at its Annual and Special Meeting of Shareholders
held on this morning (the "Meeting"), Tenajon's shareholders voted
overwhelmingly in favour of the previously announced business
combination, by way of Plan of Arrangement (the "Arrangement") with
Creston Moly Corp. ("Creston") (TSX VENTURE: CMS). Additional
information concerning the Arrangement is provided in Tenajon's
Notice of Meeting and Information Circular dated July 16, 2009,
which is available on SEDAR under Tenajon's profile at
www.sedar.com.
"Combined under the name "Creston Moly Corp.", Tenajon and
Creston create a stronger moly company, consolidating a large
resource base that provides excellent prospects for internal
growth," said Bruce McLeod, President and CEO of Tenajon.
"Management believes that the new company is well positioned to
take advantage of a turnaround in the moly space and to be a leader
in further sector consolidation."
At the Meeting, a special resolution approving the Arrangement
(the "Arrangement Resolution") was passed by an affirmative vote of
over the required two-thirds of the aggregate votes cast by
Tenajon's shareholders present in person and by proxy at the
Meeting. Specifically, 99.6% of the votes cast in respect of the
Arrangement Resolution voted in favour of the Arrangement
Resolution.
Subject to obtaining the approval of the Supreme Court of
British Columbia, and satisfying certain other closing conditions,
the Arrangement is expected to close on or around August 26,
2009.
On Behalf of the Board of Directors
TENAJON RESOURCES CORP.
D. Bruce McLeod, President & CEO
Forward-Looking Statements
This document may contain "forward-looking statements" within
the meaning of Canadian securities legislation and the United
States Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made as of the date of this document
and Tenajon Resources Corp. (hereinafter referred to as the
"Company") does not intend, and do not assume any obligation, to
update these forward-looking statements.
Forward-looking statements relate to future events or future
performance and reflect management of the Company's expectations or
beliefs regarding future events and include, but are not limited
to, statements with respect to the estimation of mineral reserves
and resources, the realization of mineral reserve estimates, the
timing and amount of estimated future production, costs of
production, capital expenditures, success of mining operations,
environmental risks, unanticipated reclamation expenses, title
disputes or claims and limitations on insurance coverage. In
certain cases, forward-looking statements can be identified by the
use of words 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 statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the negative of these
terms or comparable terminology. By their very nature
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such
factors include, among others, risks related to actual results of
current exploration activities; changes in project parameters as
plans continue to be refined; future prices of resources; possible
variations in ore reserves, grade or recovery rates; accidents,
labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion
of development or construction activities; as well as those factors
detailed from time to time in the Company's' interim and annual
financial statements and management's discussion and analysis of
those statements, all of which are filed and available for review
on SEDAR at www.sedar.com. Although the Company has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such
statements.
Accordingly, readers should not place undue reliance on 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.
Contacts: Tenajon Resources Corp. Bruce McLeod, President, CEO,
Director Corporate Information / Investor Contact (604) 687-7545 or
1-888-338-2200 (604) 689-5041 (FAX) info@tenajon.com
www.tenajon.com Tenajon Resources Corp. Chris Curran Investor
Contact (604) 331-2288
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