MICON GOLD INC. ANNOUNCES FILING OF ARTICLES OF AMALGAMATION

TORONTO, Jan. 5 /CNW/ - MICON GOLD INC. (the "Corporation") announces that the amalgamation of Concopper Enterprises Inc. ("Concopper"), Mirado Nickel Mines Limited ("Mirado") and Brenbar Mines Limited ("Brenbar") (collectively referred to as the "Amalgamating Corporations") was implemented on January 1, 2011 by filing of Articles of Amalgamation.

As a result of the amalgamation, the resulting issuer Micon Gold Inc. will have approximately 5,000,000 shares issued and outstanding on a fully diluted basis (subject to a fractional rounding down) as no fractional shares of Micon Gold Inc. will be issued. The share exchange ratios for each Amalgamating Corporation were approved as follows: (i) in the case of Concopper, for each one (1) class A share of Concopper a shareholder shall receive 1.0200 fully paid and non-assessable class A shares of the Corporation and for each one (1) class B share of Concopper a shareholder shall receive 0.3116 fully paid and non-assessable class B shares of the Corporation, (ii) in the case of Mirado, for each one (1) common share of Mirado a shareholder shall receive 0.4185 fully paid and non-assessable class A shares of the Corporation and (iii) in the case of Brenbar, for each one (1) common share of Brenbar a shareholder shall receive 0.0363 fully paid and non-assessable class A shares of the Corporation.

This release contains forward-looking statements, which reflect the current views of the management of the Corporation as to future events and operations. These forward-looking statements are based on assumptions and external factors, including assumptions relating to competitive market conditions, financial data, and other risks or uncertainties detailed from time to time in the filings made by the Corporation with securities regulatory authorities. These forward-looking statements represent the judgment of the board of directors of the Corporation as of the date of this release and any changes in the assumptions or external factors could produce significantly different results.

SOURCE Micon Gold Inc.

For further information:

Sigrid Ades, Secretary-Treasurer

Office: (416) 364-0042
Email: thebeckergroup@bellnet.ca

Profil de l'entreprise

Micon Gold Inc.

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