/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES./
TORONTO, March 26 /CNW/ - Tiberon Minerals Ltd. (TBR:TSX) announced that
it has received the resignation of Walter Henry as Vice President Finance and
Chief Financial Officer effective March 31, 2007 in order to pursue other
On February 12, 2007 Dragon Capital Management Limited (Dragon Capital)
announced that it had taken up approximately 93.2% of the common shares of
Tiberon Minerals Ltd. (TBR:TSX) pursuant to its take-over bid, and that Dragon
Capital intended to complete a compulsory acquisition of the remaining
publicly-held common shares at $3.65 in cash per common share pursuant to
section 206 of the Canada Business Corporations Act.
Tiberon understands that Dragon Capital will proceed with the compulsory
acquisition within the requirements of the Canada Business Corporations Act.
Tiberon anticipates that the CFO duties will be assigned to an employee
of Dragon Capital during this period of transition to a private company.
About Tiberon Minerals
Tiberon Minerals Ltd. is poised to become the world's largest primary
tungsten and bismuth producer and a major producer of acid-grade fluorspar, as
well as copper and gold through development of its Nui Phao property in
Vietnam. Nui Phao contains over 55 million tonnes of proven and probable
reserves (23.5 million tonnes proven, 31.9 million tonnes probable) for an
estimated mine life in excess of 16 years, making it one of the largest
tungsten-fluorspar deposits located outside China. Tiberon's common shares
trade on the Toronto Stock Exchange under the symbol TBR.
Some of the statements contained in this release are "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 to differ materially from the anticipated results, performance
or achievements expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from anticipated
results include risks and uncertainties such as: risks relating to estimates
of reserves, mineral deposits and production costs; mining and development
risks; the risk of commodity price fluctuations; political and regulatory
risks; and other risks and uncertainties detailed in the Company's Annual
Report dated March 24, 2006 and in the reports and disclosure documents filed
by Tiberon from time-to-time with Canadian securities regulatory authorities.
The Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.
For further information:
For further information: please visit our website at www.tiberon.com, or
contact: Mario Caron, P. Eng., President & CEO, (416) 214-1877