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Message: Recommend That Dynamite Shareholders Vote "For" the Merger of Avion and Dynamite
| April 15, 2009 |
| RiskMetrics and Glass Lewis Recommend That Dynamite Shareholders Vote "For" the Merger of Avion and Dynamite |
| TORONTO, ONTARIO--(Marketwire - April 15, 2009) - Avion Resources Corp. (TSX VENTURE:AVR) ("Avion") and Dynamite Resources Ltd. (TSX VENTURE:DNR) ("Dynamite"), are pleased to announce that RiskMetrics Group and Glass, Lewis and Co. have formally recommended that their subscribers vote "FOR" the proposed merger of Avion and Dynamite and Reduction in Share Capital (the "Arrangement"). RiskMetrics and Glass Lewis are leading providers of proxy research and voting recommendations to institutional investors in Canada and the United States. As indicated in Dynamite's management information circular dated March 26, 2009, the board of directors of Dynamite unanimously recommends that Dynamite shareholders vote in support of the Arrangement and the board of directors of Avion has unanimously approved the Arrangement. The Arrangement remains subject to, among other things, regulatory approvals, including TSX Venture Exchange approval, final court approval and the requisite approval of the shareholders of Dynamite. A special meeting of Dynamite's shareholders to consider the Arrangement shall be held on Tuesday April, 28, 2009 at 10:00 a.m. (Toronto time). The Special Meeting of the shareholders of Dynamite will be held at Dynamite's offices at 65 Queen Street West, Suite 800, Toronto, Ontario. Shareholders of Dynamite are encouraged to vote "FOR" the Arrangement by completing, signing, dating and returning their proxy prior to the proxy deadline of 48 hours (excluding Saturdays, Sundays or holidays) preceding the time of the Special Meeting. Shareholders requiring assistance in voting their proxies can call Kingsdale Shareholder Services Inc., the proxy solicitation agent of Dynamite, toll-free at 1-888-518-1558. About Avion Resources Avion is a Canadian-based gold company with near term production from its African gold projects in Mali. Avion has a strong operational team, as well as a team of highly qualified geologists that is currently exploring various projects in Mali. Avion currently holds 80% of the Tabakoto gold mine and has previously agreed to Dynamite acquiring 50% of its 80% interest in the Segala gold project in Mali. Additional information about Avion and its properties is available on its website at www.avionresources.com. About Dynamite Resources Dynamite Resources is a Canadian-based, junior mineral exploration company with three key global projects led by three active exploration teams. Dynamite's projects are located in two highly prospective areas: Mike Lake in the Yukon, Canada - Gold/Copper project located in the mineral rich Tintina Gold Belt; and in the Kyrgyz Republic - Uranium/ Gold properties located in the Tien Shan Mineral Belt near Centerra's Kumtor Gold Mine. The Company's focus is the Mike Lake project as well as its current right to acquire a 40% interest in the Segala Deposit in Mali. Additional information about Dynamite and its properties is available on its website at www.dynamiteresources.com. |
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