Resumen: Vena Resources Inc. anuncia que su subsidaria "Candelaria Silver Inc." ha presentando un prospecto prelminar en las provincias de Columbia Británica, Alberta y Ontario a fin de calificar una distribución de unidades de Candelaria para el agregago de ingresos brutos de entre $4.7M y $5.7M.
Vena tiene la intención de distribuir un agregado de 24.000.000 acciones ordinarias en el capital de la Candelaria a los Accionistas de la Compañía registrados al cierre de la negociación en la fecha de registro que se establezca para dicha distribución. Se prevé que los accionistas de la Compañía, recibirán una acción de Candelaria Silver por cada 5.19 acciones de Vena emitidas y en circulación.
Candelaria Silver Files Preliminary Prospectus
| Shares Outstanding: | 124,601,658 |
| Fully-Diluted: | 154,328,300 |
TORONTO, April 11, 2012 /CNW/ - Vena Resources Inc. ("Vena" or the
"Company") (TSX: VEM, LIMA: VEM, Frankfurt: V1R, OTC-BB: VNARF, Xetra®:
V1R.DE), a company with strong partnerships with some of the world's
largest mining companies, is pleased to announce that Candelaria Silver
Inc. ("Candelaria"), Vena's wholly-owned subsidiary, has filed a
preliminary prospectus (the "Prospectus") in the provinces of British
Columbia, Alberta and Ontario in order to qualify a distribution of
units of Candelaria for aggregate gross proceeds of between $4.7
million and $5.7 million.
Candelaria was created by Vena for the purpose unlocking value within
its highly diversified and extensive portfolio of exploration assets in
Peru. The spin-off transactions for Candelaria and Granja Gold will:
- Improve each company's ability to unlock the unrecognized potential and value of their respective assets, which the Vena Board believes is not currently reflected in Vena's share price;
- Allow for a better valuation of each company's assets and improve their ability to finance on favorable terms;
- Permit each company's management to dedicate more focused resources to developing and adding value to its respective assets; and
- Shared resources with Vena will minimize G&A costs and will lever significant technical, infrastructure and social responsibility expertise.
Vena's current exploration activities and interest in the Esquilache
Project, the Pukara Project and certain other exploration projects
located in southern Peru will become part of Candelaria. To this end,
Vena reorganized its corporate structure through a series of
transactions and, subject to the satisfaction of certain conditions as
described more particularly in the Prospectus, Vena will spin-out all
of its equity interest in Candelaria by distributing 100% of its
shareholdings in Candelaria to the Company's shareholders as a return
of capital.
Vena intends to distribute (the "Distribution") an aggregate of
24,000,000 common shares ("Candelaria Shares") in the capital of
Candelaria to the Company's shareholders of record as of the close of
business on the record date to be set for such distribution. It is
anticipated that the Company's shareholders will receive one Candelaria
Share for every 5.19 Vena shares issued and outstanding on the
distribution record date. Vena will not proceed with the Distribution
unless: (i) the Company receives all required regulatory approvals for
the Distribution, including the approval of the Toronto Stock Exchange,
(ii) Candelaria receives conditional approval for listing of the
Candelaria Shares on the TSX Venture Exchange, and (iii) the relevant
securities regulatory authorities have issued a receipt for a final
prospectus of Candelaria.
Fuente: http://www.venaresources.com/en/investors/press-releases/2012/414
0 comentarios: