CORAZON GOLD CORP. ("CGW")
ICN RESOURCES LTD. ("ICN")
BULLETIN TYPE: Plan of Arrangement- Change in Share type/classification or other attributes, Delist
BULLETIN DATE: October 18, 2012
TSX Venture Tier 2 Companies
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an Arrangement Agreement (the "Agreement") between Corazon Gold Corp. ("Corazon") and ICN Resources Ltd. ("ICN") dated August 10, 2012, as amended. Pursuant to the Agreement, Corazon acquired from the shareholders of ICN all of the issued and outstanding common shares of ICN for consideration of one common share of Corazon for each common share of ICN (51,665,740 shares to be issued under the Agreement upon certain conditions being met under the Agreement). Existing ICN stock options and warrants will now be exercisable into Corazon shares on the same terms as provided for with respect to existing ICN stock options and warrants.
The Exchange has been advised that approval of the Arrangement by shareholders of ICN was received at a meeting of the shareholders held on October 15, 2012 and that approval of the Arrangement was received from the Supreme Court of British Columbia on October 16, 2012. The full particulars of the Arrangement are set forth in ICN's Information Circular dated September 14, 2012 and the addendums thereto, which are available under ICN's profile on SEDAR.
Corazon and ICN closed the Arrangement on October 17, 2012.
Post - Arrangement (Corazon):
Capitalization: unlimited shares with no par value of which
60,496,553 shares are issued and outstanding (51,665,740 shares to be issued in connection with the Agreement)
Escrow: 9,345,000 shares are subject to an Exchange Value Security Escrow Agreement
Transfer Agent: CIBC Mellon Trust Company of Canada
Trading Symbol: CGW (UNCHANGED)
CUSIP Number: 21813L 10 6 (UNCHANGED)
Delisting:
In conjunction with the closing of the Arrangement, ICN has requested that its common shares be delisted. Accordingly, effective at the close of business on Thursday, October 18, 2012, the common shares of ICN will be delisted from the Exchange.
Insider / Pro Group Participation: None.
________________________________________
|
|
