/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION OR DISSEMINATION IN THE
UNITED STATES OF AMERICA/
TORONTO, Aug. 26, 2013 /CNW/ - Zara Resources Inc. (CNSX: ZRI) ("Zara")
is pleased to announce that it has retained Kingsdale Shareholder
Services Inc. ("Kingsdale") to provide information agent and advisory
services in connection with Zara's simultaneous Offer for 100% of Visible Gold Mines Inc. (TSX:VGD),
Greencastle Resources Ltd. (TSXV:VGN) and Altai Resources Inc.
(TSXV:ATI).
"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 Inc. 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 under-valued, under-utilized and
mis-managed 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
shareholder's get to buy into a quantum growth transaction like this"
said Danny Wettreich, Chairman and CEO of Zara. Moreover, undertaking
three simultaneous offers is reflective of our fiscal discipline - it's
the best use of shareholder's 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 Take-Over Bid Circular to shareholders as soon as
possible. Zara has established a new website which will have full
information on the Offer at www.ZaraTakeoverBids.com.
All Visible, Greencastle and Altai shareholders are invited to ask
questions relating to the Offer by calling
Kingsdale Shareholder Services Inc.
North American Toll Free Phone:
1-866-879-7650
Outside North America, Banks and Brokers Call Collect: 1-416-867-2272
Email: contactus@kingsdaleshareholder.com
Facsimile: 1-416-867-2271
Toll-Free Facsimile: 1-866-545-5580
About Zara Resources
Zara is a Toronto based mineral company developing its ForgeLake gold
project and its PigeonRiver nickel-copper project in Ontario, Canada.
It continues to seek the acquisition of other Canadian natural resource
properties.
Forward-Looking Information: This press release may include forward-looking information within the
meaning of Canadian securities legislation, concerning the business and
trading in the common stock of Zara Resources Inc. The forward-looking
information is based on certain key expectations and assumptions made
by the company's management. Although the company believes that the
expectations and assumptions on which such forward-looking information
is based are reasonable, undue reliance should not be placed on the
forward-looking information because the company can give no assurance
that they will prove to be correct. These forward-looking statements
are made as of the date of this press release and the company disclaims
any intent or obligation to update publicly any forward-looking
information, whether as a result of new information, future events or
results or otherwise, other than as required by applicable securities
laws.
The CNSX has not reviewed, approved or disapproved the content of this
press release
SOURCE: Zara Resources Inc.
