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TORONTO, Nov. 13 /CNW Telbec/ - Gemini Acquisitions Inc. (TSX-V : GQI.P)
("Gemini" or the "Company"), a capital pool company, is pleased to announce
that the TSX Venture Exchange (the "Exchange") has conditionally approved
Gemini's proposed Qualifying Transaction, resulting from the amalgamation of
its wholly owned subsidiary (2139711 Ontario Limited) with Silver Shield
Resources Inc. ("SSR") as further described in Gemini's Filing Statement dated
November 5, 2007.
Gemini's Filing Statement and NI 43-101 compliant technical report on
SSR's Welsh property have both been filed under the Gemini's profile on SEDAR
Conditions related to Exchange final approval include closing of a
minimum concurrent private placement of $1,750,000, undertaking by the
directors of Gemini to complete a consolidation of Gemini's issued and
outstanding common shares on a basis of one common share for each 1.6 common
share then issued and outstanding within 100 days of listing, undertaking by
the directors of Gemini to hold a special meeting of shareholders to approve
such consolidation within 90 days of listing and other customary conditions.
In accordance with the Exchange Policies, the Company's shares are
currently halted from trading. Trading will resume upon completion of the
Qualifying Transaction. It is expected that, at such time, the Company will be
listed as a Tier 2 resource issuer.
About Silver Shield
Silver Shield is a private company whose principal business is the
acquisition, exploration and development of mineral resource properties in
Northern Ontario and Mexico with a focus on silver. Silver Shield is currently
a party to option agreements pertaining to five different properties including
the Welsh Mine Property in the historically prolific silver producing Elk
Lake-Gowganda area of Ontario and the La Cumbre Property in Guerrero, Mexico.
The Company completed a 43-101 compliant technical report on the Welsh
Property in January 2007 following an exploration program in 2006.
About Gemini Acquisitions
Gemini Acquisitions is a capital pool company listed on the Exchange
under stock symbol "GQI.P". Gemini and Silver Shield previously announced that
they had entered into a letter of intent and amalgamation agreement in respect
of a transaction that would be Gemini's Qualifying Transaction pursuant to the
policies of the Exchange.
Completion of the Qualifying Transaction is subject to a number of
conditions including, but not limited to, the satisfaction of the minimum
listing requirements of the Exchange and Exchange final approval of the
Qualifying Transaction. There can be no assurance that the Qualifying
Transaction will be completed as proposed, or at all.
Investors are cautioned that, except as disclosed in the filing statement
to be prepared in connection with the transaction, any information released or
received with respect to the Qualifying Transaction may not be accurate or
complete and should not be relied upon. Trading in the securities of a capital
pool company should be considered highly speculative.
The TSX Venture Exchange has in no way approved nor disapproved the
contents of this news release.
THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS,
UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD INFLUENCE
ACTUAL RESULTS MAY BE SUBSTANTIAL. ACCORDINGLY, NO ASSURANCES CAN BE GIVEN
THAT ANY OF THE EVENTS ANTICIPATED BY THE FORWARD-LOOKING STATEMENTS WILL
TRANSPIRE OR OCCUR, OR IF ANY OF THEM DO SO, WHAT BENEFITS THE COMPANY WILL
For further information:
For further information: Silver Shield: Tim D. Towers, President, (905)
319-3033, (905) 319-2997 (fax), firstname.lastname@example.org; Raymond Lashbrook, Vice
President, Exploration, (905) 319-3033; Gemini: Randy Koroll, Chief Financial
Officer, (416) 662-9455