SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : SpinOffs

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: 2494434/24/2006 10:21:44 PM
   of 85
 
Capstone Declares Silverstone Dividend and Sets the Record Date

18:55 EDT Monday, April 24, 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 24, 2006) - CAPSTONE MINING CORP. ("CAPSTONE") (TSX:CS) AND SILVERSTONE RESOURCES CORP. ("SILVERSTONE") are pleased to announce that conditional approval has been received from the TSX Venture Exchange (the "Exchange") for the listing of Silverstone's common shares and warrants and that a receipt has been issued for Silverstone's final prospectus from Canadian Securities Commissions. Silverstone will trade under the symbol "SST". The listing is conditional on the closing of the distribution of the Company's units to the shareholders of Capstone Mining Corp., by way of a dividend-in-kind on the basis of one Silverstone unit for every 3 common shares held in Capstone. Each Silverstone unit shall comprise 1 common share of Silverstone (the "Common Share") and one half of one transferable share purchase warrant (the "Warrant") of Silverstone. Each whole warrant will entitle the holder to purchase one Common Share at an exercise price set at a 50% premium to the volume weighted average trading price of the Common Shares on the first five days of trading. The term of the Warrants will commence on the date the Warrants are listed for trading on the Exchange and expire 1 year from the date of listing of the Common Shares on the Exchange.

The Board of Directors of Capstone Mining Corp. has determined May 5, 2006 as the record date for the purposes of the distribution of the dividend-in-kind. The dividend-in-kind will only be distributed to those individuals who hold shares as of the record date. No distribution will be made in regard of any convertible rights issued by Capstone, including any outstanding options and warrants. Following the completion of the distribution of the dividend-in-kind, further news as to the date of listing and trading of the Common Shares and Warrants will be announced. Trading in the shares of Silverstone on the Exchange is expected within approximately two weeks of the date of distribution subject to regulatory approval. The exact date will be issued in a future news release.

ON BEHALF OF THE BOARD

Darren M. Pylot, President & CEO
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext