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
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.
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.
SOURCE GOLDEN GOOSE RESOURCES INC.
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