Jasper Mining Corporation Provides Update on Plan of Arrangement
August 26 2016 - 3:55PM
PR Newswire (Canada)
Trading Symbol: TSX-V: JSP
News Release No.
16-274-07
CALGARY, Aug. 26, 2016 /CNW/ - Jasper Mining Corporation
("Jasper" or the "Company") (TSX-V:JSP) announces
that the previously announced letter of intent ("LOI") with
Tacitus Ventures Corp. ("Tacitus") and Delfan Energy
Resources Corp ("Delfan") whereby Jasper would acquire all
of the issued and outstanding common shares of Tacitus and Delfan
in an all-stock transaction has expired and Tacitus and Delfan have
stated that they will not extend time to complete the plan of
arrangement. The previously announced concurrent private
placement of subscription receipts has therefore been
terminated.
Jasper's common shares were halted from trading in anticipation
of the completion of the proposed business transaction. Jasper will
work with the TSX Venture Exchange to restore the trading of its
common shares.
THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF
THE TRANSACTION AND HAS NEITHER APPROVED OR DISAPPROVED THE
CONTENTS OF THIS PRESS RELEASE. NEITHER THE 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 PRESS
RELEASE.
SOURCE Jasper Mining Corporation
Copyright 2016 Canada NewsWire
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