VANCOUVER, Jan. 31, 2013 /CNW/ - Tigris Uranium Corp. (TSX.V: TU) (the "Company") is pleased to announce that trading in Tigris common shares will resume
effective February 1st, 2013.
The Company is also pleased to announce that at the Company's special
meeting of shareholders held on January 25, 2013, a majority of the
shareholders approved all resolutions proposed in the meeting's
management information circular which was distributed to shareholders
of Tigris in advance of the meeting, being
a) the consolidation of the common shares of the Company on a
b) an increase in the number of directors from 5 to 8;
c) the election as directors of the Company of Nathan A. Tewalt,
Rudi Fronk and William E. Thelkeld, effective from and after the
closing of the proposed reverse takeover transaction with Wolfpack Gold
Corp. (the "Transaction"); and
d) an amendment to the Company's Articles to, among other things,
(i) add an advance notice requirement for nominations of directors by
shareholders in certain circumstances, and (ii) amend certain other
provisions of Articles.
Remaining Conditions to Completion of the Transaction
The Transaction is subject to a number of terms and conditions,
including the final approval of the TSXV and other relevant regulatory
authorities, and various other customary conditions that must be
satisfied prior to closing, which is expected to take place no later
than April 17, 2013.
Completion of the transaction is subject to a number of conditions,
including but not limited to, TSXV acceptance and shareholder
approval. There is a risk that the Transaction will not be accepted or
that the terms of the transaction may change substantially prior to
acceptance. Should this occur, a trading halt may be re-imposed.
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.
Completion of the Transaction is subject to a number of conditions,
including TSXV acceptance and disinterested shareholder approval. The
transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be
completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Management
Information Circular and/or Filing Statement to be prepared in
connection with the transaction, any information released or received
with respect to the RTO may not be accurate or complete and should not
be relied upon. Trading in the securities of Tigris Uranium Corp.
should be considered highly speculative.
The TSX Venture Exchange has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the
contents of this press release.
This press release contains projections and forward-looking information
that involve various risks and uncertainties regarding future events.
Such forward-looking information can include without limitation
statements based on current expectations involving a number of risks
and uncertainties and are not guarantees of future performance. There
are numerous risks and uncertainties that could cause actual results
and Tigris's and Wolfpack's plans and objectives to differ materially
from those expressed in the forward-looking information. Actual results
and future events could differ materially from those anticipated in
such information. These and all subsequent written and oral
forward-looking information are based on estimates and opinions of
management on the dates they are made and are expressly qualified in
their entirety by this notice. Except as required by law, Tigris
assumes no obligation to update forward-looking information should
circumstances or management's estimates or opinions change.
SOURCE: Tigris Uranium Corp.
For further information:
Tigris Uranium Corp.
William M. Sheriff, Chairman
Phone: (208) 635‐5415
Wolfpack Gold Corp.
Nathan A. Tewalt, Chief Executive Officer
Phone: (775) 284-1271