Welcome to the Equinox Gold Hub On AGORACOM

Free
Message: White Tiger Gold and Century Mining Proposed Business Combination Approved

White Tiger Gold and Century Mining Proposed Business Combination Approved by the Ontario Superior Court of Justice (ccnm)

TORONTO, ONTARIO--(Marketwire - Sept. 26, 2011) - White Tiger Gold Ltd. ("White Tiger") (TSX:WTG) and Century Mining Corporation ("Century") (TSX VENTURE:CMM) jointly announce that Century has obtained a final order of the Ontario Superior Court of Justice - Commercial List (the "Court") in respect of an application to the Court by Century seeking final approval by the Court of the proposed business combination whereby White Tiger and Century will combine under a plan of arrangement (the "Business Combination") resulting in Century becoming an indirect subsidiary of White Tiger.

The Business Combination was approved at the special meetings of each of White Tiger and Century shareholders held on September 13, 2011.

"This approval enables the combined company to expand and leverage its current portfolio of projects with the goal of building a mid-tier gold production company," said Daniel Major, President and Chief Executive Officer of Century.

Completion of the Business Combination remains subject to approval under the Investment Canada Act which is expected by mid-October and final approval of the Toronto Stock Exchange and the TSX Venture Exchange.

About Century Mining Corporation

Century Mining Corporation is a Canadian gold producer and holds strategic land positions in Canada, the United States and Peru. The Company's strategy is to grow to its gold production through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.

About White Tiger Gold

The Company is a TSX-listed mining and exploration company, focused on the development of mineral resources in the Russian Federation. The Company currently operates the Savkino heap leach gold operation located in southeastern Siberia. Plans are underway to expand gold production at Savkino and to develop a second gold-copper mine at the Company´s Nasedkino property situated in Chita Region in southeast Siberia. In addition to Ildikan, Nasedkino/Uryum and Pridneprov, the Company also holds gold exploration licences in Zolin-Arkinsk and Takhtamygda which are prospective geological environments in south central Siberia.

Share
New Message
Please login to post a reply