TORONTO, Oct. 10, 2012 /CNW/ - Nass Valley Gateway Ltd. (the "Company" or "Nass Valley") has announced that it has entered into an Arrangement Agreement with its wholly subsidiary, Kirkland Precious Metals Corp.
By undertaking this POA, Nass Valley, the parent company, will focus on its technology ventures in the multi-wave drying technology and energy to -waste technology. This strategy will enable Nass Valley to spin off and divest its interest into ("KPM"), which will be primarily focusing on exploration and mining.
In accordance with the POA, Nass Valley shareholders will receive common shares of KPM in an amount equal to the common shares which they currently hold in Nass Valley. Option and warrant holders will have the ability to exercise their options and warrants prior to the completion of the POA in order to participate in the POA. Shareholders will be defined as those holders of Nass Valley common shares as of the Record Date of October 15, 2012.
Company: Nass Valley Gateway Ltd
Distribution Date and Record Date: Monday, October 15, 2012
Ex-Distribution Date: Thursday, October 11, 2012
SOURCE: Canadian National Stock Exchange (CNSX)
For further information:
Radhika Ramkarran at (416) 572-2000 X 2435 or E-mail: Radhika.@cnsx.ca