HIGH DESERT GOLD CORPORATION ("HDG")
BULLETIN TYPE: Plan of Arrangement-Change in Share type/classification or other attributes, Delist
BULLETIN DATE: December 23, 2013
TSX Venture Tier 2 Company
1. Plan of Arrangement:
High Desert Gold Corporation. (the "Company") entered into an arrangement agreement (the "Arrangement Agreement"), dated October 21, 2013 with South American Silver Corp. ("SASC"), pursuant to which SASC has acquired by way of court-approved plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) all of the outstanding securities of the Company.
Pursuant to the Arrangement Agreement, each Company shareholder will be entitled to receive 0.275 SASC Common Shares of SASC for one share of the Company.
Company shareholder approval was obtained December 9, 2013 and the Supreme Court of British Columbia issued a final approval approving the Arrangement on December 19, 2013. The Arrangement was completed on December 20, 2013.
2. Delist:
Effective at the open of business, Tuesday, December 24, 2013, the common shares of the Company will be delisted from TSX Venture Exchange at the request of the Company.
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