To: dave brown who wrote (50 ) 1/13/1999 5:12:00 PM From: dave brown Read Replies (1) | Respond to of 63
MERGER WITH REPADRE CAPITAL. Repadre and Golden Knight agree to business combination Golden Knight Resources Inc GKR Shares issued 26,858,496 1999-01-12 close $0.47 Wednesday Jan 13 1999 See Repadre Capital Corporation (RPD) News Release Mr. Joseph Conway reports Repadre Capital and Golden Knight Resources have agreed to a business combination pursuant to which members of Golden Knight will be offered either: a combination of 0.125 shares of Repadre and cash of 33 cents; or a combination of 0.20 shares of Repadre, 0.20 of a warrant, each whole warrant entitling the holder to subscribe for one additional share of Repadre at $4.00 at any time until the date that is 36 months from the effective date of the business combination, and cash of 10 cents. The business combination will be completed pursuant to a statutory plan of arrangement. The arrangement is subject to finalization of formal documentation, legal, regulatory and court approval, GKR member approval and satisfactory due diligence. Both companies expect due diligence to be complete on or before Feb. 9, 1999. Teck Corporation, which holds approximately 24.5 per cent of the votes attached to GKR's outstanding shares, has agreed to vote in favour of the recommendation of the board of directors of GKR. The business combination will bring together RPD's strong balance sheet and royalty portfolio with GKR's 17.5 per cent interest in the 13 million ounce resource Tarkwa project and its various other property interests in Africa and Canada. Going forward the combined entity will continue to focus on royalty opportunities on a global basis. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 1999 Canjex Publishing Ltd.canada-stockwatch.com