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Tigris Uranium and Wolfpack Gold Announce Definitive Agreement, Filing of Technical Reports and Filing Statement
TSX.V: TU www.tigrisuranium.com VANCOUVER, April 30, 2013 /CNW/ - Tigris Uranium Co...
About this update from Encore Energy Corp.
[{"type":"text","content":"\n\n\n\n\n\nTSX.V: TUwww.tigrisuranium.com\n\n\nVANCOUVER, April 30, 2013 /CNW/ - Tigris Uranium Corp. (TSX.V: TU)\n (\"Tigris\"), and Wolfpack Gold Corp. (\"Wolfpack\") are pleased to\n announce that they have entered into an Amalgamation Agreement (the\n \"Agreement\"), with each other and 0960926 B.C. Ltd., a wholly-owned\n subsidiary of Tigris (\"Acquisition Corp.\"), in respect of a proposed\n \"reverse takeover\" that is to be conducted in accordance with the\n policies of the TSX Venture Exchange (the \"TSXV\").  The proposed\n transaction (the \"Transaction\") was first announced by Tigris and\n Wolfpack pursuant to a joint news release issued on December 7, 2012.\n\n\nTigris has now received TSXV conditional acceptance for the Transaction\n and a filing statement (the \"Filing Statement\") dated April 29, 2013,\n regarding the Transaction has been filed under the Tigris profile on\n SEDAR at www.sedar.com.\n\n\nPursuant to the Transaction, Tigris has also filed on SEDAR the\n following two National Instrument 43-101 (\"NI 43-101\") technical\n reports:\n\n\n\"Technical Report on the Adelaide Property, Humboldt County, Nevada,\n USA\" written by Nancy J. Wolverson, and dated effective April 8, 2013\n (the \"Adelaide Report\"); and\n\n\"Castle Black Rock Project Castle Zone Resource Evaluation\" written by\n David Bikerman, and dated effective April 3, 2013 (the \"Castle Black\n Report\" and together with the Adelaide Report, (the \"Technical\n Reports\").\n\n\nNancy J. Wolverson and David Bikerman are \"qualified persons\" as defined\n in NI 43-101 and are independent of Tigris and Wolfpack. Excerpts from\n the Technical Reports are included in the Filing Statement.\n\n\nTerms of the Agreement\nUpon the closing of the Transaction (the \"Closing\"), and at the\n effective time of the amalgamation, it is anticipated that Acquisition\n Corp. and Wolfpack will amalgamate to form a single subsidiary of\n Tigris and Tigris will acquire all of the issued and outstanding\n securities of Wolfpack from the shareholders of Wolfpack in exchange\n for one Tigris common share (on a post share Consolidation (as defined\n below) basis) (the \"Consideration Shares\") for each one Wolfpack common\n share. In connection with the Transaction, Tigris plans to complete a\n consolidation of its common shares on a 3:1 basis (the \"Con...