Kinbauri Advises that ATW has Terminated Letter Agreement
(Thomson Reuters ONE) - OTTAWA, ONTARIO--(Marketwire - July 31, 2009) - The board ofdirectors of Kinbauri Gold Corp. ("Kinbauri")(TSX VENTURE:KNB)(FRANKFURT: 3KG.DE) today advised that they have received noticefrom ATW Gold Corp. (TSX VENTURE: ATW) ("ATW") that ATW hasterminated the letter agreement dated July 12, 2009 to combineKinbauri and ATW. Given the short notice, Kinbauri's board has nothad the opportunity to consider all of its alternatives and is unableto make a recommendation to shareholders at this time regarding theoffer of Orvana Minerals Corp. (the "Offer"). After considering allalternatives, Kinbauri's board will provide its recommendation toKinbauri's shareholders regarding the Offer.The directors and officers of Kinbauri advise that they have nottendered their shares to the Offer.For questions, please contact Laurel Hill Advisory Group, theInformation Agent retained by Kinbauri in connection with the OrvanaOffer, toll free at 1-888-812-9184 from anywhere in Canada or theUnited States and collect at 416-637-4661 from outside North America.This press release contains certain forward-looking statements, whichare based on the opinions and estimates of management at the date thestatements are made, and are subject to a variety of risks anduncertainties and other factors that could cause actual events orresults to differ materially from those projected. Kinbauriundertakes no obligation to update forward-looking statements ifcircumstances or management's estimates or opinions should change.The reader is cautioned not to place undue reliance onforward-looking statements.THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSXVENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY ORACCURACY OF THIS RELEASE.Contacts:Kinbauri Gold Corp.Dr. Vern RamptonPresident & CEO613-836-2594613-831-2730 (FAX)vrampton(at)kinbauri-gold.comKinbauri Gold Corp.Darrell Munro, BB.A, LL.B, Manager,Corporate Communications613-836-0198dmunro(at)kinbauri-gold.comEuropeINVESTELRuediger (Rudy) Hnyk, CEOInvestor Relations & Telecommunicationsceo(at)investel.dewww.kinbauri-gold.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 01.08.2009 - 01:52 Uhr
Sprache: Deutsch
News-ID 4235
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