VANCOUVER, Jan. 31, 2013 /PRNewswire/ - 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 1-for-3 basis;
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.