Oct. 10, 2012
/CNW/ - Nass Valley Gateway Ltd. (the "Company" or "Nass Valley") has announced that it has entered into an Arrangement Agreement with its wholly subsidiary, Kirkland Precious Metals Corp.
By undertaking this POA,
, the parent company, will focus on its technology ventures in the multi-wave drying technology and energy to -waste technology. This strategy will enable
to spin off and divest its interest into ("KPM"), which will be primarily focusing on exploration and mining.
In accordance with the POA,
shareholders will receive common shares of KPM in an amount equal to the common shares which they currently hold in Nass Valley. Option and warrant holders will have the ability to exercise their options and warrants prior to the completion of the POA in order to participate in the POA. Shareholders will be defined as those holders of Nass Valley common shares as of the Record Date of
October 15, 2012
Company: Nass Valley Gateway Ltd Symbol: NVG Distribution Date and Record Date:
Monday, October 15, 2012
Thursday, October 11, 2012
SOURCE Canadian National Stock Exchange (CNSX)