Acquisition of Securities of White Tiger Gold Ltd.
(firmenpresse) - MOSCOW, RUSSIA -- (Marketwire) -- 10/20/11 -- Maxim Finskiy ("Finskiy"), 22 Tverskaya Ulitsa, Moscow 125009, Russia, announces that pursuant to the Business Combination described below, he has acquired, through two companies wholly-owned by him, beneficial ownership of and/or control or direction over 44,765,294 common shares (the "Acquired Shares") of White Tiger Gold Ltd. ("White Tiger Gold").
Prior to the acquisition of the Acquired Shares, Finskiy, through a company wholly-owned by him, beneficially owned and/or exercised control or direction over 85,000,000 White Tiger Gold common shares, representing approximately 74% of the issued and outstanding common shares of White Tiger Gold (prior to giving effect to the completion of the Business Combination and the issuance of the Acquired Shares pursuant thereto). Following the acquisition of the Acquired Shares and the completion of the Business Combination, Finskiy beneficially owns and/or exercises control or direction over 129,765,294 common shares of White Tiger Gold, representing approximately 44% of the issued and outstanding common shares (on an undiluted basis).
The Acquired Shares were acquired pursuant to a business combination (the "Business Combination") between White Tiger Gold and Century Mining Corporation ("Century"). Under the Business Combination, White Tiger Gold and Century combined by way of a plan of arrangement (the "Plan of Arrangement"), resulting in 7918534 Canada Inc. ("AcquisitionCo"), a wholly-owned subsidiary of White Tiger Gold, acquiring all of the issued and outstanding common shares of Century (each, a "Century Share").
Pursuant to the Plan of Arrangement and the Amended and Restated Arrangement Agreement dated as of August 9, 2011, among White Tiger Gold, Century and AcquisitionCo, each Century Share issued and outstanding immediately prior to the closing of the Business Combination on October 20, 2011, other than Century Shares held by dissenting shareholders, was exchanged for either 0.4 of a White Tiger Gold common share or 0.4 of an exchangeable share in the capital of AcquisitionCo. Prior to the acquisition of the Acquired Shares, Finskiy, through two companies wholly-owned by him, beneficially owned and/or exercised control or direction over 111,913,235 Century Shares.
The Business Combination was completed outside of any market or other facility.
The value of the Acquired Shares, based upon the closing price of the common shares of White Tiger Gold on the Toronto Stock Exchange on October 19, 2011, was CDN$31,335,705.80 (or CDN$0.70 per common share of White Tiger Gold).
The Acquired Shares were acquired for investment purposes. Finskiy may, in the future, increase or decrease his ownership of securities of White Tiger Gold, directly or indirectly, from time to time depending upon the business and prospects of White Tiger Gold and future market conditions.
An early warning report (the "EWR") will be filed on SEDAR and will be available for review at under White Tiger Gold's profile. A copy of the EWR can be obtained from the contact below.
Contacts:
Andrey Shchetinin
+7495 287 2951
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Datum: 20.10.2011 - 21:33 Uhr
Sprache: Deutsch
News-ID 78735
Anzahl Zeichen: 0
contact information:
Town:
MOSCOW, RUSSIA
Kategorie:
Mining & Metals
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"Acquisition of Securities of White Tiger Gold Ltd."
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Maxim Finskiy (Nachricht senden)
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