Redtail Metals Corp. (TSX-V: RTZ) (“Redtail”) and Northern Tiger
Resources Inc. (TSX-V: NTR) (“Northern Tiger”) are pleased to
announce that the TSX Venture Exchange has conditionally approved the
proposed merger of Redtail and Northern Tiger, and all related
transactions. Concurrently, the Exchange approved the change of Northern
Tiger’s name to “Golden Predator Mining Corp.” and the consolidation of
Northern Tiger’s share capital on a 7 (old) for 1 (new) basis.
The shares of Northern Tiger and Redtail have been halted pending
completion of the merger, which is anticipated to occur on Thursday,
April 17, 2014. Following completion of the merger, Northern Tiger
shares will commence trading on the TSX Venture Exchange, on a
consolidated basis, under the trading symbol “GPY” and Redtail will be
delisted.
A new CUSIP number of 38116P105 and a new ISIN number of CA38116P1053
have been obtained to distinguish the name change and consolidation. As
a result of the consolidation (but excluding shares issued to Redtail
shareholders on the merger), Northern Tiger will have 8,366,832 common
shares issued and outstanding. If, as a result of the consolidation, a
shareholder becomes entitled to receive a fractional common share, such
fraction will be rounded down to the nearest whole number.
About Golden Predator Mining Corp.
Golden Predator’s corporate mandate is to advance the Brewery Creek Mine
towards production by obtaining a joint venture partner. The Brewery
Creek Mine operated from 1996 to 2002, before closing down due to low
gold prices. Golden Predator has identified significant resources and
engineering, environmental and heritage studies are underway to support
current permitting requirements. A 2012 Socio Economic Accord with the
Tr'ondek Hwech'in First Nation is in place with respect to Brewery
Creek. The Company also holds additional advanced projects with current
resources and/or new discovery potential such as 3Aces, Grew Creek and
the Marg & Clear Lake deposits.
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future, not
past, events. In this context, forward-looking statements often address
expected future business and financial performance, and often contain
words such as "anticipate", "believe", "plan", "estimate", "expect", and
"intend", statements that an action or event "may", "might", "could",
"should", or "will" be taken or occur, or other similar expressions. All
statements, other than statements of historical fact, included herein
including, without limitation; statements about the terms and completion
of the merger and related transactions are forward-looking statements.
By their nature, forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the following risks: failure to
satisfy all conditions precedent to the merger, including shareholder
approval, final approval of the TSX Venture Exchange and completion of
the concurrent financing and the AMB acquisition, and the additional
risks identified in the management discussion and analysis section of
Redtail Metal Corp.’s or Northern Tiger Resources Inc.’s interim and
most recent annual financial statement or other reports and filings with
the TSX Venture Exchange and applicable Canadian securities regulators.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and the
respective companies undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable securities
laws. Investors are cautioned against attributing undue certainty to
forward-looking statements.
Copyright Business Wire 2014