news outAnaconda shareholders approve Colorado acquisition
2007-01-09 10:22 ET - News Release
Mr. John Cook reports
ANACONDA SHAREHOLDERS APPROVE TRANSACTION WITH COLORADO MINERALS-CONDITIONAL LISTING APPROVAL RECEIVED FROM TORONTO STOCK EXCHANGE
Anaconda Gold Corp.'s shareholders, at the annual and special meeting of the company held on Jan. 8, 2007, approved the acquisition of Colorado Minerals Inc. Anaconda shareholders also approved:
1. the appointment of Simone Parker LLP as the new auditors of Anaconda;
2. the consolidation of the common shares of the company on a one-for-two basis; and
3. the name change of the company to Anaconda Mining Inc.
Details of the resolutions considered and approved at the meeting are disclosed in the management information circular of Anaconda dated Dec. 5, 2006, and filed on SEDAR.
In addition, at the shareholder meeting, Lewis Lawrick and Antonio Ortuzar were elected as new directors to the board of Anaconda to replace Robert W. Schafer, Larry Kornze and Ewan Downie. Nick Tintor, John Cook and John McBride will continue to serve on the company's board of directors. Mr. Lawrick has been appointed as the new chairman and chief executive officer of Anaconda. Stephen Gledhill has been appointed as the new chief financial officer of the company and Chris J. Eustace has been appointed as the new secretary of Anaconda.
It is intended that the consolidation and the name change will be made effective immediately prior to the closing of the acquisition.
Toronto Stock Exchange has conditionally approved the listing of the common shares of the company, subject to completion of the acquisition and the equity financing of $15-million. It is expected that the acquisition along with the equity financing will close within the next few weeks.
We seek Safe Harbor.