Heatherdale President Pat Smith on friendly acquisition of Niblack

Heatherdale Resources Ltd TSXV:HTR and Niblack Mineral Development Inc TSXV:NIB announced Heatherdale’s intention to acquire all outstanding shares of Niblack for one-half Heatherdale share for each Niblack share. Heatherdale anticipates issuing approximately 18 million shares to complete the transaction. Options and warrants that are converted to Niblack shares before closing will be entitled to participate. Each unexercised Niblack warrant will be eligible for one-half Heatherdale share at an exercise price of $1.20 for warrants that have an exercise price of .45 and $1.73 for warrants that have an exercise price of .65. All unexercised options will be cancelled for .01 per option.

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