Business
San Angelo Oil Limited Announces Filing of Filing Statement and Approval of Business Combination by Shareholders of Cabral Gold Ltd.
San Angelo Oil Limited Announces Filing of Filing Statement and Approval of Business Combi...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"\n\n\n\nSan Angelo Oil Limited Announces Filing of Filing Statement and Approval of Business Combination by Shareholders of Cabral Gold Ltd.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Oct. 25, 2017\n\n\n\nVANCOUVER, Oct. 25, 2017 /CNW/ - San Angelo Oil Limited (\"San Angelo\" or the \"Company\") (NEX: SAO.H) announces that it has filed a filing statement (the \"Filing Statement\") on SEDAR pursuant to TSX Venture Exchange (the \"Exchange\") requirements in connection with its previously announced business combination (the \"Transaction\") with Cabral Gold Ltd. (\"Cabral\").\n\nThe Transaction will be structured as a three-cornered amalgamation pursuant to which Cabral will amalgamate with a wholly-owned subsidiary of San Angelo to form an amalgamated entity, which will continue as a wholly owned subsidiary of San Angelo (the \"Amalgamation\"). Details respecting the Transaction are set out in the Filing Statement, which can be reviewed on San Angelo's SEDAR profile at www.sedar.com.\n\nThe Company is also pleased to announce that the shareholders of Cabral voted to approve the Amalgamation at a special meeting of the shareholders of Cabral. 100% of the shares represented at the special meeting of Cabral were voted in favour of the special resolution approving the Amalgamation.\n\nCompletion of the Transaction is subject to a number of conditions, including but not limited to receipt of all required regulatory consents, including TSX Venture Exchange acceptance, and satisfaction of other customary closing conditions. There can be no assurance that the Transaction will be completed as proposed or at all. \n\nInvestors are cautioned that, except as disclosed in the Filing Statement prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of San Angelo remains halted on the TSX Venture Exchange and should be considered highly speculative.\n\nThe TSX Venture Exchange has in no way passed upon ...