Evolving Gold Corp. (EVG.V) Message Board

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Gold/Mining/Energy : Evolving Gold Corp. (EVG.V)

EVG 11.13

-0.9%

Nov 3 4:00 PM EST

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To: basserdan who wrote (299)	12/9/2010 9:30:33 AM
From: labbe	of 363

Evolving Gold Corp Symbol C : EVG Shares Issued 127,698,945 Close 2010-12-07 C$ 1.15 Recent Sedar Documents Evolving Gold to spin out Kiyuk interest 2010-12-09 09:09 ET - News Release This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers. Here is a sample of this item: Mr. Robert Barker reports: EVOLVING GOLD ANNOUNCES THE SPIN OUT OF ITS INTEREST IN THE KIYUK PROPERTY - A DIVIDEND-IN-KIND TRANSACTION Evolving Gold Corp. (TSX: EVG) (FSE: EV7) (the "Company" or "Evolving Gold") is pleased to announce a proposed dividend-in-kind spin out transaction (the "Spin Out") involving the transfer of the Company's option to acquire the mineral claims forming the Kiyuk Lake gold property in southern Nunavut (the "Kiyuk Property") to a new company, Prosperity Goldfields Corp. ("Prosperity"). Evolving Gold will distribute common shares of Prosperity (the "Prosperity Shares") to Evolving Gold shareholders by way of a dividend-in-kind, subject to applicable securities laws and receipt of securities regulatory approval, with a proposed basis of one Prosperity Share for every ten Evolving Gold shares. Prosperity is currently a wholly-owned subsidiary of the Company, and upon completion of the Spin Out, the Company expects Prosperity to become a publicly traded company. The Company believes that the creation of Prosperity will provide a mechanism for Evolving Gold shareholders to realize the full market value of the Kiyuk Property. The remainder is available to Stockwatch subscribers. Click the yellow link above for a free trial subscription. Top Old Site \| Home \| Products \| Help \| Contact Us \| Your Account \| System Status © 2010 Canjex Publishing Ltd. All rights reserved. "Stockwatch" is a registered trademark of Canjex Publishing Ltd. Terms of Use, Privacy Policy

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