Business
RATEL GOLD FINALIZES SPIN-OUT OF AFRICAN ASSETS
Dec. 31, 2010 (Canada NewsWire Group) -- /NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR ...
About this update from St. Augustine Gold & Copper Ltd.
[{"type":"text","content":"\n\n\n\n Dec. 31, 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\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWS WIRE SERVICES/\n\n\nVANCOUVER, Dec. 31 /CNW/ - Ratel Gold Limited ("Ratel" or the "Company") (TSX: RTL) is pleased to announce that it has now received shareholder approval\n and conditional listing approval from the Toronto Stock Exchange ("TSX") for the spin-out (the "Spin-out Reorganization") of its African property interests into Ratel Group Limited ("Ratel Group"), a new TSX-listed Company.  \n\n\nShareholders of record of Ratel as of the close of business on January\n 6, 2011 will be entitled to receive five common shares in the capital\n of Ratel Group for every nine common shares held in Ratel pursuant to\n the Spin-out Reorganization, as more particularly set forth in the\n Management Information Circular of Ratel dated November 19, 2010. \n\n\nIt is anticipated that Ratel Group will commence trading on the TSX at\n the open of markets on Tuesday, January 4, 2011 under the symbol RTG,\n and Ratel will continue trading under the symbol RTL until completion\n of the transactions approved by shareholders on December 23, 2010. \n\n\nIt is anticipated that the Spin-out Reorganization will take place on\n January 7, 2011 in conjunction with the completion of the acquisition\n by Ratel of the interests in the King-king Project and issue of new\n shares in Ratel and Ratel Gr...