DESERT STAR RESOURCES LTD. ("DSR")
[formerly: Desert Star Resources Ltd. ("DSR")
Providence Resources Corp. ("PV")]
BULLETIN TYPE: Amalgamation, Delist
BULLETIN DATE: April 14, 2015
TSX Venture Tier 2 Companies
AMALGAMATION:
By Certificate of Amalgamation, Desert Star Resources Ltd. ("Desert Star") and Providence Resources Corp. ("Providence"), both TSX Venture Exchange Inc. (the "Exchange") listed companies, have amalgamated by way of a plan of arrangement (the "Amalgamation") and will continue as one company, Desert Star Resources Ltd. ("Amalco") on the following basis:
1. The holders of common shares of Desert Star will be entitled to receive 1 common share of Amalco for each 1 common share held.
2. The holders of common shares of Providence will be entitled to receive 0.4 of a common share of Amalco for each 1 common share held and 0.4 of an Amalco share purchase warrant exercisable for a period of two years at a price of $0.25.
The Exchange has been advised that: (i) approval of the Amalgamation was received from the disinterested shareholders of Desert Star and Providence, respectively, at meetings held on April 8, 2015; (ii) approval of the Amalgamation was received from the Supreme Court of British Columbia on April 9, 2015; and (iii) the Amalgamation will be made effective on April 15, 2015 at 12:01am.
Effective at the opening, Wednesday, April 15, 2015, the common shares of Desert Star Resources Ltd. (Amalco) will commence trading on the Exchange. The Company is classified as a 'Mining Exploration' company.
Post - Amalgamation
Capitalization: Unlimited common shares with no par value of which
51,633317 common shares are issued and outstanding
Escrowed: Nil common shares
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: DSR (UNCHANGED)
CUSIP Number: 25044W 10 4 (NEW)
For further details, please refer to the Joint Management Information Circular, dated March 4, 2015 and news release dated March 5, 2015 which are available under the Desert Star and Providence profiles on SEDAR.
DELIST:
Effective at the close of business, Tuesday, April 14, 2015, the common shares of Providence Resources Corp. will be delisted from the Exchange at the request of Providence.
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