Business
CARLAW CAPITAL III CORP. ANNOUNCES PROPOSED QUALIFYING TRANSACTION
May 9, 2011 (Canada NewsWire Group) -- NEX Symbol: CW.H TORONTO, May 9 /CNW/ - Carlaw Cap...
About this update from Golconda Gold Ltd
[{"type":"text","content":"\n\n\n May 9, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNEX Symbol: CW.H\n\n\nTORONTO, May 9 /CNW/ - Carlaw Capital III Corp. ("Carlaw" or the "Corporation") is pleased to announce that it has entered into a letter of intent\n with Galane Gold Mines Ltd. ("Galane"), pursuant to which Carlaw will acquire all of the issued and\n outstanding common shares in the capital of Galane (the "Proposed Transaction"). Galane recently entered into a purchase agreement to acquire,\n subject to the fulfillment of certain conditions, gold-producing assets\n in the southern region of Africa.\n\n\nWhen completed, the Proposed Transaction will constitute Carlaw's\n qualifying transaction pursuant to the policies of the TSX Venture\n Exchange (the "TSXV"), and is subject to compliance with all necessary regulatory approvals\n and certain other terms and conditions. A comprehensive press release\n with further particulars relating to the Proposed Transaction will\n follow in accordance with the policies of the TSXV.\n\n\nCarlaw is a capital pool company ("CPC") formed under the TSXV CPC program. In October 2010, Carlaw's listing\n was transferred to the NEX board of the TSXV under the trading symbol\n CW.H.\n\n\nCompletion of the Proposed Transaction is subject to a number of\n conditions, including but not limited to, TSXV acceptance.  There can\n be no assurance that the transaction will be completed as proposed or\n at all. \...