Golden Goose Shareholders Approve Plan of Arrangement with Kodiak.
posted on
Dec 13, 2010 12:49PM
High-Potential Properties
nlk
FSC / Press Release
Golden Goose Shareholders Approve Plan of Arrangement with Kodiak.
Vancouver, British Columbia and Montreal, Quebec, December 13, 2010 /FSC/ - Kodiak Exploration Limited (KXL - TSX Venture, KXLAF - OTCBB_Pink_Sheets, KX3 - FWB), and Golden Goose Resources Inc. (TSX-V: GGR, "Golden Goose") report that the shareholders of Golden Goose have overwhelmingly approved the proposed plan of arrangement with Kodiak. Shareholders of Golden Goose demonstrated strong support for the arrangement with 99.85% of vote cast voting in favor of the arrangement. Furthermore, Golden Goose is pleased to announce that it has satisfied a condition of the previously announced Arrangement Agreement with Kodiak dated August 30, 2010 that the registration of Golden Goose's common shares under Section 12(g) of the U.S. Securities Exchange Act of 1934 be terminated. The closing of the arrangement is expected shortly after the final order is rendered by the court.
Brian Maher, Chief Executive Officer ("CEO") and President of Kodiak said, "We thank the shareholders of Golden Goose Resources for their strong support of this arrangement and for their confidence in our plans to generate shareholder value. We look forward to closing this transaction quickly and continuing the corporate transition from explorer to emerging gold producer."
Francois Perron, CEO, President of Golden Goose Resources, who will be resigning his positions when the transaction closes, said, "It has been my privilege to serve Golden Goose shareholders. On behalf of the Golden Goose Board of Directors, I thank the shareholders for their resounding approval of this arrangement to begin the next chapter of the development of Magino Mine project."
On behalf of the Boards of Directors:
Brian J. Maher
President and Chief Executive Officer, Kodiak Exploration Limited
FOR FURTHER INFORMATION, PLEASE CONTACT:
Kodiak Exploration Limited
Brian J. Maher
President and Chief Executive Officer
Email: ir@kodiakexp.com
Website: >www.renmarkfinancial.com
Golden Goose Resources Inc.
Francois Perron
President and Chief Executive Officer
Email: perron@goldengooseres.com
Website: >www.kodiakexp.com
Source: Kodiak Exploration Limited (TSX-V: KXL) >www.usetdas.com