TSXV:CYY - Post Discussion
Post by
duediligencedone on Mar 28, 2014 12:53pm
Feb. 11,2014: v.CYY has $$$ and is looking for new projects!
New Phase for Coventry Resources Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2014) - Following the completion of the Plan of Arrangement with Chalice Gold Mines Ltd ("the Transaction"), Coventry ("the Company") (ASX:CYY)(TSX VENTURE:CYY) remains a viable dual listed entity with adequate cash reserves to proceed. The Company will now actively look for new exploration and development projects going forward.
As part of the restructure of the group and reduction of management overheads we announce the resignation of the following Company Directors: Michael Haynes; Anthony Goddard; Eric Edwards; and Don Halliday.
The Board of Directors wishes to express their appreciation for the contribution of these Directors who were integral to the establishment of the former assets within Coventry Resources Inc.
Following the sale of the Company's most advanced assets to Chalice as part of the Transaction the Company will retain one hundred percent ownership of its Uncle Sam Project and tenements in Alaska.
The Directors appreciate the ongoing support of Shareholders and intend to continue to work to maximize shareholder value.
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