| | Publié le 16 décembre 2011 | Shareholders of Silver Quest Resources Ltd. Approve Plan of Arrangement with New Gold Inc. |
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Re: News Release - Friday, December 16, 2011 Title: Shareholders of Silver Quest Resources Ltd. Approve Plan of Arrangement with New Gold Inc.
Vancouver, British Columbia - New Gold Inc. ("New Gold") (TSX: NGD) (AMEX: NGD) and Silver Quest Resources Ltd. ("Silver Quest") (TSX-V:SQI) are pleased to announce that at a special meeting of Silver Quest shareholders held on Thursday, December 15, 2011 in Vancouver, British Columbia (the "Meeting"), the Silver Quest shareholders voted overwhelmingly in favour of a special resolution to approve the proposed plan of arrangement with New Gold (the "Arrangement").
Upon closing of the Arrangement, New Gold will acquire Silver Quest's 25% interest in the Davidson Property, which forms the northern half of the Blackwater Project and in which New Gold currently holds the remaining 75% interest, as well as Silver Quest's Capoose Property.
As part of the Arrangement, Silver Quest's remaining properties, including its 3Ts Gold Project in central British Columbia, will be spun-out into Independence Gold Corp. ("Independence") and New Gold will purchase, on a private placement basis, $3.5 million of Independence common shares, which will result in New Gold holding 9.9% of the outstanding common shares of Independence.
At the Meeting, Silver Quest shareholders also voted to approve the stock option plan of Independence. Additionally, the TSX Venture Exchange has advised that it has conditionally approved the listing of Independence, subject to, amongst other things, review by the exchange of final documentation.
For additional details of the Arrangement, please see Silver Quest's management information circular dated November 16, 2011 and New Gold and Silver Quest's joint press releases dated November 7, 2011 and October 17, 2011, all having been filed on New Gold and Silver Quest's respective profiles on SEDAR at www.sedar.com.
Silver Quest's application to the Supreme Court of British Columbia to obtain the final court order approving the Arrangement is expected to take place on Friday, December 16, 2011. Assuming court approval is obtained and that all other conditions to the Arrangement are satisfied or waived, the Arrangement is expected to become effective on or around December 20, 2011.
About New Gold Inc.
New Gold is an intermediate gold mining company. New Gold has a portfolio of three producing assets and three significant development projects. The Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia are expected to produce between 380,000 and 400,000 ounces of gold in 2011. The fully-funded New Afton project in Canada is scheduled to add further growth in 2012. In addition, New Gold owns 30% of the world-class El Morro project located in Chile and, in June 2011, New Gold acquired the exciting Blackwater Project in Canada. For further information on New Gold, please visit www.newgold.com.
About Silver Quest Resources Ltd.
Silver Quest is a gold and silver exploration company, whose main areas of interest are central British Columbia and the White Gold District of the Yukon. Silver Quest maintains a portfolio of highly prospective projects, ranging from grassroots exploration through advanced stage resource expansion. The Company is poised to add shareholder value through project advancement, while evaluating early to advanced stage gold and silver projects for possible acquisition. For further information on Silver Quest, please visit www.silverquest.ca.
For further Information, contact:
New Gold Inc. Hannes Portmann Vice President, Corporate Development Direct: +1 (416) 324-6014 Email: info@newgold.com
Silver Quest Resources Ltd. Randy Turner President & CEO Direct: +1 (604) 687-3959 Email: info@silverquest.ca
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release, including any information relating to New Gold's, Silver Quest's or Independence's future financial or operating performance may be deemed "forward looking". All statements in this news release, other than statements of historical fact, that address events or developments that New Gold/Silver Quest expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond New Gold/Silver Quest/Independence's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions (including that the Arrangement will be completed successfully on the terms agreed upon by the parties and that the business of Silver Quest will be integrated successfully in the New Gold organization) that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of New Gold, such factors include, without limitation: significant capital requirements; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States, Australia, Mexico and Chile; price volatility in the spot and forward markets for commodities; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local government legislation in Canada, the United States, Australia, Mexico and Chile or any other country in which New Gold currently or may in the future carry on business; taxation; controls, regulations and political or economic developments in the countries in which New Gold does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction that New Gold operates, including, but not limited to, Mexico, where New Gold is involved with ongoing challenges relating to its environmental impact statement for the Cerro San Pedro Mine; the lack of certainty with respect to the Mexican and other foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the uncertainties inherent to current and future legal challenges the company is or may become a party to, including the third party claim related to the El Morro transaction with respect to New Gold's exercise of its right of first refusal on the El Morro copper-gold project in Chile and its partnership with Goldcorp Inc., which transaction and third party claim were announced by New Gold in January 2010; diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties. In the case of Silver Quest, such risks include, among other risks, the approvals of regulators, availability of funds, the results of financing and exploration activities, the interpretation of drilling results and geological data, project cost overruns or unanticipated costs and expenses. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance to cover these risks) as well as "Risk Factors" included in New Gold's and Silver Quest's continuous disclosure documents filed on and available at www.sedar.com. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this news release are qualified by these cautionary statements. New Gold/Silver Quest/Independence's expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
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Copyright � 2011 SILVER QUEST RESOURCES LTD. (SQI) All rights reserved. For more information visit our website at http://www.silverquest.ca/ or send email to info@silverquest.ca ..
Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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Silver Quest Resources Ltd.
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CODE : SQI.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Silver Quest Res. est une société d’exploration minière d'argent basée au Canada. Silver Quest Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 128,7 millions CA$ (127,6 millions US$, 91,8 millions €). La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,02 CA$, et son plus haut niveau récent le 04 novembre 2011 à 1,28 CA$. Silver Quest Res. possède 109 983 000 actions en circulation. |
Dans les médias de Silver Quest Resources Ltd. |
Rapports annuels de Silver Quest Resources Ltd. |
Financements de Silver Quest Resources Ltd. |
Attributions d'options de Silver Quest Resources Ltd. |
Nominations de Silver Quest Resources Ltd. |
Projets de Silver Quest Resources Ltd. |
31/08/2011 | (Davidson)Approves A 75 Hole Diamond Drill Program At The Davidson Joi... |
30/08/2011 | Exploration Update On Silver Quest's BC Programs |
26/07/2011 | (3ts)Discovers Mineralized Vein Float On The 3Ts Project, BC |
08/06/2011 | (3ts)Commences Exploration on the 3Ts Project, B.C. |
12/05/2011 | (3ts)Announces Amended Terms to Tsacha Agreement, 3Ts Project, BC |
10/05/2011 | (Davidson)Announces 23m of 9.14g/t gold and 15m of 9.30g/t gold interc... |
19/04/2011 | (Davidson)Reports 82 metres of 3.29 g/t Gold Intercepted at Davidson P... |
08/04/2011 | (Capoose)Reports Significant Geochemical Results from Capoose Project... |
05/04/2011 | (Davidson)Commences Drilling on Davidson Property, BC |
29/03/2011 | (Davidson)Executes Formal Joint Venture Agreement on Davidson Property... |
29/03/2011 | (Boulevard)Acquires 80 Claims to Expand the Boulevard Property, Yukon |
22/03/2011 | (Wit Yukon)Acquires WIT Gold Property, Yukon |
03/03/2011 | (Capoose)2010 N 43-101 technical report |
03/03/2011 | (Capoose)Files 43-101 Report on Capoose Property |
21/01/2011 | (Prospector Mountain)Intercepts Gold Mineralization at Prospector Mountain, Yukon |
06/08/2010 | (Capoose)Intercepts Gold And Silver At Capoose, BC |
15/07/2010 | (Capoose)Provides Drilling Update On Capoose Project, BC |
13/07/2010 | (Boulevard)Defines New Anomalies at Boulevard and Increases Land Positi... |
16/06/2010 | (Boulevard)Commences Drilling At Boulevard, Yukon |
15/06/2010 | (Capoose)Commences Drilling at Capoose Project, BC |
03/06/2010 | (Boulevard)Begins Yukon Exploration Program |
07/05/2010 | (Davidson)Davidson Property Drill Results |
21/04/2010 | (Davidson)Follow-up Drilling Commenced on Davidson Property |
01/04/2010 | (Capoose)Approves $2.2 Million for Capoose Project |
04/03/2010 | (Capoose)Announces NI43-101 Resource Estimate for Capoose Project |
24/02/2010 | (Davidson)Davidson Property 2010 Exploration Program Announced |
16/01/2010 | (Capoose)intersects 24 metres of 46.7 g/t Silver at the Capoose Proje... |
06/01/2010 | (Davidson)Drilling Update on the Davidson Property - 329 metres of 1.2... |
30/11/2009 | (Capoose)Intersects Gold and Silver on Capoose Project, BC |
17/11/2009 | (Boulevard)Reports Gold Values from Boulevard Project, Yukon |
03/11/2009 | (Capoose)Samples 55.3 g/t Silver in Soil at Capoose-Silver Trend, BC |
29/10/2009 | (Davidson)Partners Intersect Gold and Silver on the Davidson Property,... |
27/10/2009 | (Capoose)Earns 60% in Capoose Property |
14/10/2009 | (Capoose)Drilling Completed on Capoose-Silver Trend Property |
01/10/2009 | (Davidson)Drilling Update on Davidson Property |
21/09/2009 | (Capoose)Drill Program Commences on the Capoose-Silver Trend Project |
16/09/2009 | (Boulevard)Exploration Update on the Yukon Projects |
05/08/2009 | (Capoose)Drill Permitting on Capoose-Silver Trend Project |
24/07/2009 | (Boulevard)Acquires the Boulevard Property, Yukon |
12/12/2008 | (Capoose)New Drill Results from the Capoose-Silver Trend Project |
01/08/2008 | (Capoose)Expands Capoose-Silver Trend Property |
14/06/2008 | (Santa Rosa - Mexico)Santa Rosa Project and Capoose-Silver Trend Project |
03/06/2008 | (Santa Rosa - Mexico)Phase 2 Drill Program Commences on Santa Rosa Property, Mexi... |
04/07/2007 | (Santa Rosa - Mexico)Santa Rosa Update and Results of the AGM |
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Communiqués de Presse de Silver Quest Resources Ltd. |
16/12/2011 | Shareholders of Silver Quest Resources Ltd. Approve Plan of ... |
19/09/2011 | (Davidson)Announces Updated Gold Resource Estimate at Davidson Propert... |
12/09/2011 | Continues to Explore the White Gold District, Yukon |
09/08/2011 | (Davidson)Intersects 278 Metres of 2.8 Grams per Tonne Gold at Davidso... |
11/07/2011 | Provides Update on Yukon Exploration Programs |
06/07/2011 | Provides Update on BC Exploration Programs |
27/06/2011 | (Davidson)Announces 4.0 Metres Averaging 165.4 g/t Au in Step-Out dri... |
04/08/2010 | Defines New Soil Anomalies At Prospector Mountain, Yukon |
30/07/2010 | Expands Mineralization On Capoose Project, BC |
01/04/2010 | Getting Ready For Its Biggest Year! - by Peter Grandich |
30/03/2010 | Acquires Chuchi North Gold Property, BC |
20/01/2010 | Provides Technical Summary of Prospector Mountain Property, ... |
18/12/2009 | Acquires Strategic Claims in the Dawson Range, Yukon |
15/12/2009 | Acquires the Prospector Mountain Property, Dawson Range, Yuk... |
04/11/2009 | Superb Management and Strong Projects Potential |
15/10/2009 | White Gold Area, Yukon - Exploration Programs Completed |
23/09/2009 | Warrant Extension |
21/08/2009 | Acquires Additional Properties In The White Gold Area, Yukon |
08/07/2009 | Acquires Properties in the White Gold Area, Yukon |
25/07/2008 | AGM Results & Property Option Cancelled |
05/04/2008 | Closes $2.5 Million Financing |
20/09/2007 | Plans Drill Program at Santa Rosa Silver-Lead Property, Mexi... |
17/08/2007 | Compliance |
21/02/2007 | 3Ts Drill Update - Ted Vein Results |
Publication de commentaires terminée |
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