Business
Eastfield Announces Distribution of Shares of Fort St. James Nickel Corp. Received from 100% Sale of Kilometre 26 Project
(via Thenewswire.ca) Vancouver, BC, April 2, 2012, Eastfield Resources Ltd. ("Eastfield") (...
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"\nEastfield Announces Distribution of Shares of Fort St. James Nickel Corp. Received from 100% Sale of Kilometre 26 Project\n\n(via Thenewswire.ca)\n\n \nVancouver, BC, April 2, 2012, Eastfield Resources Ltd.\n(\"Eastfield\") (TSX-V: ETF) (the \"Company\") is\npleased to announce that the hold period for the 20,000,000 shares\n(the \"Payment Shares\") of Fort St. James Nickel Corp.\n(TSX-V: FTJ) (\"FTJ\") which it had received in early December\n2011, in consideration for the acquisition by FTJ of Eastfield's\nresidual interest in the Kilometre 26 property, has now expired.\n\n\n \nAs previously agreed with the TSX Venture Exchange (the\n\"Exchange\") and FTJ, the Company had agreed that it would,\nforthwith upon expiration of the four month and one day hold period\nfrom the date of issuance of the Payment Shares, distribute the\nPayment Shares to the Company's shareholders pro-rata in accordance\nwith the number of common shares of the Company held by each such\nshareholder. The Company presently has 44,794,919 common shares\nissued and outstanding.\n\n\n \nAs directed by the Exchange, the ex-dividend date for determining the\nownership of shares of the Company which will be entitled to receive\nFTJ shares, will be the close of trading on April 4, 2012, and the\nshares of the Company will commence trading ex-dividend at market open\non April 5, 2012. The record date for the determination will be April\n10, 2012 and the payable date for distribution of the FTJ shares will\nbe April 12, 2012.\n\n\n \nFor further information, please contact:\n\n\n \n\n --------------------------------------------------------\n |Donald D. Sharp, C.A. |Tel. 604-681-7913|\n |Director and Chief Financial Officer|Fax 604-681-9855 |\n --------------------------------------------------------\n\n\n \nNeither the TSX Venture Exchange nor its Regulation Services Provider\n(as that term is defined in the policies of the TSX Venture Exchange)\naccepts responsibility for the adequacy or accuracy of this news\nrelease.\n\n\n \nAbout Eastfield Resources:\n\n\n \nEastfield is a Canadian mineral exploration company focused on the\ndiscovery of large gold and copper deposits; it currently has projects\nin British Columbia and in Nevada. Current projects include a 40%\nownership in the Okeover copper-molybdenum project with 60% partner\nProphecy Resource Corp. (TSX-...