Business
AIM Receives Updated Valuation of Kelly Rock Limited Common Shares
SYDNEY, NS, Jan. 15 /CNW Telbec/ - Atlantic Industrial Minerals Incorporated (TSXV:ANL.V) ("AIM")...
About this update from Sylla Gold Corp
[{"type":"text","content":"\n\n\n\nSYDNEY, NS, Jan. 15 /CNW Telbec/ - Atlantic Industrial Minerals\nIncorporated (TSXV:ANL.V) ("AIM") announced today that in connection with its\npreviously announced agreement to sell its common shares of Kelly Rock Limited\nto Municipal Capital Incorporated, AIM has received an updated estimate\nvaluation report from Grant Thornton LLP with respect to the value of the\ncommon shares of its subsidiary Kelly Rock Limited confirming that the common\nshares were estimated to have nil value as of December 31, 2008.\n\n\nThe proposed transaction is subject to final regulatory and shareholder\napproval, including approval by a majority of the votes cast at the meeting\nexcluding votes attached to common shares held by MCI, Mr. MacKenna and any\naffiliated or related parties of MCI or Mr. MacKenna. A meeting of\nshareholders to consider the transaction has been scheduled for January 15,\n2009. Shareholders should refer to the management information circular to be\ndistributed in connection with the shareholders meeting for additional\ninformation regarding the transaction.\n\n\nAIM is a natural resource company based in Sydney, Nova Scotia, engaged\nin the production and sale of industrial minerals. The common shares of AIM\nare listed on the TSX Venture Exchange.\n\n\nCommentary regarding forward looking statements:\n\n\nThis news release may contain forward-looking statements, including in\nconnection with the transactions contemplated by the Agreement. Such\nstatements involve known and unknown risks, uncertainties, and other factors\noutside management's control including, but not limited to, receipt of\nrequired approvals for the completion of the transactions contemplated in the\nAgreement, that could cause actual results to differ materially from those\nexpressed in the forward-looking statements. AIM does not assume\nresponsibility for the accuracy and completeness of the forward-looking\nstatements and does not undertake any obligation to publicly revise these\nforward-looking statements to reflect subsequent events or circumstances.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n\n\nthat term is defined in the policies of the TSX Venture Exchange) accepts\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00003443E\n\n\n","length":2388,"tagName":"div"}]