Kinbauri Gold Provides Update on Court Application and Retains Financial Advisor
17 Giugno 2009 - 3:36PM
Marketwired
Kinbauri Gold Corp. ("Kinbauri")
(TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) advised today that the
various matters to be heard before the Ontario Court of Justice on
June 17 have been rescheduled to be heard on June 26. Kinbauri will
further advise on the status and outcomes of those matters after
the hearing on June 26.
The Special Committee (the "Special Committee") of the Board of
Directors of Kinbauri also announced today that it has retained
Gryphon Partners as its financial advisor. Gryphon Partners will
assist the Special Committee in the evaluation of strategic
alternatives to maximize value to Kinbauri's shareholders.
On June 9, 2009, Kinbauri's Board of Directors unanimously
recommended that Kinbauri shareholders REJECT the unsolicited offer
to purchase all of the outstanding Kinbauri shares made by Orvana
Minerals Corporation (TSX: ORV) ("Orvana") as described in a
take-over bid circular dated May 25, 2009.
Shareholders do not have to take any action on the Orvana offer
and the Kinbauri Board urges you to reject it.
For assistance in withdrawing any shares already tendered, or
other questions, please contact Laurel Hill Advisory Group, the
Information Agent retained by Kinbauri in connection with the
Orvana Offer, toll free at 1-888-812-9184 from anywhere in Canada
or the United States and collect at 416-637-4661 from outside North
America.
About Kinbauri
Kinbauri (TSX VENTURE: KNB) is a mineral exploration company
focused on the development of precious metal prospects in Spain,
Nevada and Canada. Its immediate focus is to begin operations at
its El Valle/Carles property in Asturias, northwestern Spain in
2010. It currently has 59,348,051 common shares issued and
outstanding. For more information visit www.kinbaurimaximized.com
or www.kinbauri-gold.com.
This press release contains certain forward-looking statements,
which are based on the opinions and estimates of management at the
date the statements are made, and are subject to a variety of risks
and uncertainties and other factors that could cause actual events
or results to differ materially from those projected. Kinbauri
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on
forward-looking statements.
THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSX
VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts: Kinbauri Gold Corp. Mr. Brian McEwen Director, Special
Committee member (613) 836-2594 (613) 831-2730 (FAX)
bmcewen@kinbauri-gold.com www.kinbauri-gold.com Europe INVESTEL
Ruediger (Rudy) Hnyk, CEO Investor Relations &
Telecommunications ceo@investel.de
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