Golden Goose shareholders approve plan of arrangement with Kodiak
December 13 2010 - 11:46AM
PR Newswire (Canada)
VANCOUVER AND MONTREAL, Dec. 13 /CNW/ -- TSX.V KXL VANCOUVER
AND MONTREAL, Dec. 13 /CNW Telbec/ - Kodiak Exploration Limited
(TSX-V: KXL, "Kodiak") 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 François Perron President and Chief
Executive Officer, Golden Goose Resources, Inc. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING INFORMATION The statement in this document
regarding the completion of the merger may constitute
forward-looking information within the meaning of applicable
securities laws. There are a number of factors that could cause
actual results or events to differ materially from those indicated
by such forward-looking information, including delays in completing
the merger and, as such, investors are cautioned not to put undue
reliance on such forward looking information. Except as required by
applicable law, each of Kodiak and Golden Goose disclaims any
intention or obligation to update any forward-looking statements as
a result of developments occurring after the date of this document.
To view this news release in HTML formatting, please use the
following URL:
http://www.cnw.ca/en/releases/archive/December2010/13/c4694.html
table border="0" valign="top"trtd colspan="2" align="center"bKodiak
Exploration Limited/b/td/tr trtdBrian J. Maher
/td tdEmail: a
href="mailto:ir@kodiakexp.com"ir@kodiakexp.com/a/td/tr
trtdPresident and Chief Executive Officer/td tdWebsite: a
href="http://www.kodiakexp.com"www.kodiakexp.com/a/td/tr trtd
colspan="2" align="center"Tel.: 1-604-688-9006 Fax:
1-604-688-9029/td/tr trtd colspan="2" /td/tr trtd colspan="2"
align="center"bRenmark Financial Communications Inc./b/td/tr trtd
colspan="2" align="center"Jason Roy: a
href="mailto:jroy@renmarkfinancial.com"jroy@renmarkfinancial.com/a/td/tr
trtd colspan="2" align="center"Arash Shahi: a
href="mailto:ashahi@renmarkfinancial.com"ashahi@renmark/aa
href="mailto:ashahi@renmarkfinancial.com"financial.com/a/td/tr trtd
colspan="2" align="center"bMedia -/bGuy Hurd: a
href="mailto:ghurd@renmarkfinancial.com"ghurd@renmarkfinancial.com/a/td/tr
trtd colspan="2" align="center"Tel.: (514) 939-3989 or (416)
644-2020/td/tr trtd colspan="2" align="center"a
href="http://www.renmarkfinancial.com"www.renmarkfinancial.com/a/td/tr
trtd colspan="2" /td/tr trtd colspan="2" align="center"bGolden
Goose Resources Inc./b/td/tr trtdFrançois Perron /td
tdEmail: a href="mailto:perron@goldengooseres.com"perron@gold/aa
href="mailto:perron@goldengooseres.com"engooseres.com/a/td/tr
trtdPresident and Chief Executive Officer
/td tdWebsite: a
href="http://www.goldengooseres.com"www.goldengooseres.com/a/td/tr
trtdTel.:
1-888-928-4667 /td
tdFax: 1-888-494-5371/td/tr/table
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