NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES.
VANCOUVER, British Columbia, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Regulus Resources Inc.
("Regulus" or the "Company") (TSX-V: REG) is pleased to announce that the TSX
Venture Exchange (the "TSXV") has issued its conditional listing approval for the
previously-announced spinout transaction of certain assets into Aldebaran Resources Inc. ("Aldebaran") pursuant to
the plan of arrangement involving Regulus, Aldebaran and Sibanye Gold Limited (the "Arrangement"). Details
of the Arrangement were described in the Company's information circular dated August 22, 2018 which was mailed to its shareholders
and filed on SEDAR at www.sedar.com. Closing of the Arrangement is expected to occur on October 25, 2018 (the
"Effective Date" or the "Distribution Date") which would also constitute the distribution date of
the common shares of Aldebaran ("Aldebaran Shares") to the Regulus shareholders under the Arrangement.
As announced previously, holders of record of Regulus common shares ("Regulus Shares") as of
the close of business on September 28, 2018 will be entitled to receive Aldebaran Shares on the Distribution Date. The Company
expects the Aldebaran Shares to begin trading approximately five business days following the Effective Date under the symbol
"ALDE". Listing of the Aldebaran Shares on the TSXV is subject to a number of customary conditions which are expected to be
fulfilled by the Effective Date.
In connection with the receipt of TSXV conditional listing approval for the Aldebaran Shares, the trading halt
on the Regulus Shares is expected to be lifted and trading is expected to resume shortly.
John Black, CEO of Regulus, commented as follows:
"We wish to thank our shareholders for their patience and assure them this unanticipated delay has not hindered
either company's business or prospects. In particular, Regulus has continued its current drill program on
the AntaKori project, with further results expected in the near future, and Aldebaran has continued planning for a drill
program on the Altar project which is expected to be commence in January."
For further information on Regulus or Aldebaran, please consult Regulus' website at
www.regulusresources.com or contact:
Reader Advisories
Investors are cautioned that, except as disclosed in the information circular prepared in connection with the
Arrangement, any information released or received with respect to the Arrangement may not be accurate or complete and should not be
relied upon.
The TSXV has in no way approved or disapproved of the contents of this press release.
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information within the meaning of
applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing",
"may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking
statements or information. In particular this press release contains forward-looking statements and information relating to the
completion of the Arrangement and the timing thereof; the lifting of the trading halt; and the timing for the commencement of
trading of the Aldebaran Shares. Although management believes that the expectations and assumptions on which the forward-looking
statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and
information. Since forward-looking statements and information address future events and conditions, by their very nature they
involve inherent risks and uncertainties. The forward-looking statements and information are based on certain key expectations and
assumptions made by management of the Company, including expectations and assumptions concerning: the satisfaction of all
conditions to the listing of the Aldebaran Shares and on the time frames contemplated. Actual results could differ materially from
those currently anticipated due to a number of factors and risks, including but not limited to: risks related to the receipt of all
necessary approvals for the Arrangement, changes in national and local government regulation of mining operations, tax rules and
regulations, and political and economic developments in countries in which Regulus and Aldebaran operate. Regulus and Aldebaran
caution that the foregoing list of risks and uncertainties is not exhaustive.
The forward-looking statements and information contained in this press release are made as of the date hereof
and Regulus and Aldebaran undertake no obligation to update publicly or revise any forward-looking statement or information,
whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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