REGULUS RESOURCES INC. ("REG")
[formerly Southern Legacy Minerals Inc. ("LCY")]
REGULUS RESOURCES INC. ("REG")
BULLETIN TYPE: Plan of Arrangement- Name Change, Consolidation, Delist
BULLETIN DATE: October 2, 2014
TSX Venture Tier 2 Company
Name Change and Consolidation:
In conjunction with completion of the Plan of Arrangement as noted below, Southern Legacy Minerals Inc. (the "Company") has consolidated its common shares on a 0.1883 new for 1 old basis. The name of the Company has also been changed to Regulus Resources Inc. ("New Regulus").
Effective at the opening on Friday, October 3, 2014 the common shares of New Regulus will commence trading on the Exchange in substitution for the common shares of the Company under the new symbol "REG" and new CUSIP 75915M 10 7.
Plan of Arrangement:
The TSX Venture Exchange (the 'Exchange') has accepted for filing documentation in connection with an arrangement agreement dated July 29, 2014, as amended August 21, 2014 (the 'Arrangement Agreement') between Southern Legacy Minerals Inc. and Regulus Resources Inc. ('Old Regulus') (the 'Plan of Arrangement'). Pursuant to the Plan of Arrangement each shareholder of Old Regulus is entitled to receive 0.3333 common shares of New Regulus for each 1 share held of Old Regulus.
The Exchange has been advised that approval of the Plan of Arrangement by shareholders of the Company was received at a special meeting of the shareholders held on September 30, 2014 and that approval of the arrangement was received from the Court of the Queen's Bench of Alberta on September 30, 2014. The full particulars of the Plan of Arrangement are set forth in the Company's Information Circular (the 'Circular') dated August 28, 2014, which is available under the Company's profile on SEDAR.
Security holders of the Company and Old Regulus should refer to the Circular and the Company's news release dated October 1, 2014, for a summary of the procedures regarding the exchange of their securities to receive the consideration to which they are entitled under the Plan of Arrangement.
Effective at the close on Thursday, October 2, 2014 the common shares of Old Regulus will be delisted from the Exchange.
Insider / Pro Group Participation: N/A
New Regulus is classified as a 'Mineral Exploration/Development' company.
Post - Consolidation
Capitalization: unlimited shares with no par value of which
45,279,473 shares are issued and outstanding
Escrow: 1,142,884 shares are subject to Escrow
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: REG (new)
CUSIP Number: 75915M 10 7 (new)
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