Business
Kodiak and Golden Goose Close Business Combination
Kodiak and Golden Goose Close Business Combination
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\n Dec. 16, 2010 (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\nTSX.V  KXL\n\n\nVANCOUVER and MONTREAL, Dec. 16 /CNW Telbec/ - Kodiak Exploration Limited (TSX-V: KXL, "Kodiak") and Golden Goose Resources Inc. (TSX-V: GGR, "Golden Goose") are pleased to announce that, further to their joint news releases\n dated August 31, 2010 and December 13, 2010, the business combination\n between the companies by way of a statutory plan of arrangement\n pursuant to the provisions of the Companies Act of Québec (the "Arrangement") was approved by the Superior Court of Quebec on December 14, 2010 and\n closed effective at 12:01 am (Montreal time) earlier today.\n\n\nPursuant to the Arrangement, Golden Goose shareholders will (subject to\n the provisions for Small Lot Holders set out below) receive 1.2 Kodiak\n shares and one quarter of one non-transferable Kodiak warrant for each\n Golden Goose share surrendered, where each whole warrant entitles its\n holder to purchase one Kodiak share at a price of $0.45 for a period of\n three years. Outstanding options to purchase Golden Goose shares ("Golden Goose Options") are to be cancelled and holders of such options are to receive\n options to purchase such number of Kodiak shares ("Kodiak Options") and at an exercise price that reflects the exchange ratio of 1.2\n Kodiak Options for each Golden Goose Option.\n\n\nSmall Lot Holders\n\n\nAs set out in the Golden Goose information cir...