JUBILEE GOLD EXPLORATION LTD. ("JUB")
[Formerly Jubilee Gold Inc. ("JUB")]
BULLETIN TYPE: Plan of Arrangement-Change in Share type/classification or other attributes,Effective Share Consolidation, Name Change
BULLETIN DATE: January 24, 2013
TSX Venture Tier 2 Company
Plan of Arrangement
Pursuant to a special resolution passed by the shareholders of Jubilee Gold Inc. (the "Company") on December 31, 2012, the Company will proceed with an amalgamation agreement between the Company, Ansil Resources Ltd. ("Ansil"), and Micon Gold Inc. ("Micon") by way of plan of arrangement (the "Arrangement"). Under the terms of the Arrangement, Jubilee Gold Explorations Ltd. ("Amalco") will issue shares to shareholders of the Company 0.212 of an Amalco common share ("Amalco Share") for each common share of the Company held, shareholders of Ansil will receive 0.551 Amalco Shares for each common share of Ansil held, and shareholders of Micon will receive 1.035 of a Amalco Share for each common share of Micon held. Accordingly, approximately 10,361,806 Amalco Shares have been issued pursuant to the Arrangement.
For further information on the Arrangement and the Company, please refer to the Information Circular of the Company dated November 12, 2012.
Effective Share Consolidation and Name Change
Effective at the opening on Friday, January 25, 2013, the common shares of Jubilee Gold Exploration Ltd. will commence trading on TSX Venture Exchange and the common shares of the Jubilee Gold Inc. will be delisted. The Company is classified as a 'Gold Mining' company.
Post - Arrangement and Consolidation:
Capitalization: Unlimited shares with no par value of which
10,361,806 shares are issued and outstanding
Escrow Nil shares are subject to escrow
Transfer Agent: Computershare Trust Company of Canada
Trading Symbol: JUB (UNCHANGED)
CUSIP Number: 48126M109 (new)
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