/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
TRADING SYMBOL - GRT
CALGARY, April 27 /CNW/ - G2 Resources Inc. ("G2") (GRT - TSXV) announces
today that it has acquired 100% of the outstanding shares (calculated on a
diluted basis) of Glacier Ridge Resources Inc. ("Glacier"), a private Alberta
company, in exchange for 0.68 of a G2 share for each Glacier share pursuant to
its offer dated April 12, 2007 (the "Offer").
The expiry time for the Offer by G2 to acquire the Cannon common shares
was 1:00 p.m. on April 27, 2007. All of the conditions to the Offer by G2 have
been satisfied and G2 has given instructions to take up all of the Glacier
common shares deposited to the Offer. G2 will pay for such shares in
accordance with applicable securities laws and the pre-acquisition agreement
between G2 and Glacier.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Curtis A. Hartzler, President & CEO, G2
RESOURCES INC., Telephone: (403) 263-4310, Fax: (403) 263-4368