Zara Hires Kingsdale as Information Agent, Adviser 2013-08-26 10:03 AT - News Release
Mr. Danny Wettreich reports
ZARA RETAINS KINGSDALE SHAREHOLDER SERVICES IN CONNECTION WITH THREE SIMULTANEOUS TAKEOVER BIDS
Zara Resources Inc. has retained Kingsdale Shareholder Services Inc. to provide information agent and advisory services in connection with Zara's simultaneous offer for 100 per cent of Visible Gold Mines Inc., Greencastle Resources Ltd. and Altai Resources Inc.
"Kingsdale is delighted to welcome our newest client Zara and we look forward to providing our expertise to assist Zara with its innovative simultaneous takeover offer for Visible, Greencastle and Altai," said Wes Hall, Kingsdale's chief executive officer.
Kingsdale Shareholder Services provides strategic shareholder communication and advisory services. Operating in the context of takeover bids (hostile and friendly), proxy contests, and special and routine shareholder meetings, Kingsdale offers an array of specialized programs and services including proxy solicitation, information agent, depositary, corporate governance advisory services, and other shareholder-related services.
Zara's strategy of identifying undervalued, underutilized and mismanaged assets, and turning them into opportunities through focused and disciplined management is amply demonstrated in this transaction. Zara is offering shareholders of the target companies a chance to exit their poorly performing investments and become part of an enhanced Zara that is more valuable than the sum of its parts. "Rarely do shareholders get to buy into a quantum growth transaction like this," said Danny Wettreich, chairman and chief executive officer of Zara. "Moreover, undertaking three simultaneous offers is reflective of our fiscal discipline -- it's the best use of shareholders' money in achieving our growth objectives."
Zara has requested the shareholders lists of each of Visible, Greencastle and Altai, and will commence the offer by mailing the offer and accompanying takeover bid circular to shareholders as soon as possible. Zara has established a new website which will have full information on the offer.
We seek Safe Harbor.