VANCOUVER, June 5 /CNW/ - Further to the press releases of StrataGold
Corporation (SGV-TSX) ("StrataGold" or "the Company") issued on February 11,
2009, March 30, 2009 and May 26, 2009, StrataGold and Victoria Gold Corp.
("Victoria") are pleased to confirm that the previously announced acquisition
of StrataGold by Victoria, by way of Plan of Arrangement (the "Arrangement"),
which was approved by the Supreme Court of British Columbia on May 29, 2009,
has closed with an effective date of June 4, 2009.
Effective June 4, 2009, StrataGold shareholders will receive Victoria
common shares on the basis of 0.1249 of a Victoria common share for each
StrataGold common share held. The common shares of StrataGold are expected to
be delisted at the close of business on Monday, June 8, 2009.
Pursuant to the Arrangement, a total of 23,000,710 common shares of
Victoria may be issued to holders of StrataGold common shares on the basis of
0.1249 of a Victoria common share for each StrataGold common share held. After
such share exchange, 17% of the outstanding common shares of Victoria will be
held by former holders of StrataGold common shares, while approximately 83% of
the outstanding common shares of Victoria will be held by existing holders of
Victoria common shares. All outstanding StrataGold options and warrants will
become exercisable for common shares of Victoria in accordance with the same
ratio. If all such options and warrants were to be exercised, a total of
3,794,306 common shares of Victoria would be issued in connection therewith.
Statement Regarding Forward Looking Statements
This news release of StrataGold Corporation (the "Company") contains
statements that constitute "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause our actual results, performance or achievements, or
developments in our industry, to differ materially from the anticipated
results, performance or achievements expressed or implied by such
forward-looking statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the
words "expects," "aims," "plans," "anticipates," "believes," "intends,"
"estimates," "projects," "potential" and similar expressions, or that events
or conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this document include statements regarding: the
Company's expectations that StrataGold's common shares will be delisted on
Monday, June 8, 2009. There can be no assurance that such statements will
prove to be accurate. Actual results and future events could differ materially
from those anticipated in such statements, and readers are cautioned not to
place undue reliance on these forward-looking statements that speak only as of
their respective dates. Forward-looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the statements
are made. Except as expressly required by applicable securities laws, the
Company undertakes no obligation to update these forward-looking statements in
the event that management's beliefs, estimates or opinions, or other factors,
For further information:
For further information: Terry Tucker, President and CEO; Vanessa
Pickering, Manager, Investor Communications, StrataGold Corporation, Tel:
(604) 696-6601, E-mail: firstname.lastname@example.org, Website: www.stratagold.com