Business
Northern Spirit Resources Inc. Announces Issuance of TSX Venture Exchange Final Bulletin and Commencement of Trading
CALGARY, Dec. 21, 2011 /CNW/ - Northern Spirit Resources Inc. (" Northern Spirit " or the "...
About this update from Tenaz Energy Corp
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, Dec. 21, 2011 /CNW/ - Northern Spirit Resources Inc. (\"Northern Spirit\" or the \"Corporation\") (TSXV: NS) is pleased to announce that, further to its news releases\n dated September 19, 2011 and December 16, 2011, the TSX Venture\n Exchange (the \"TSXV\") has granted final acceptance and issued its Final Exchange Bulletin\n for the Corporation's acquisition (the \"Acquisition\") of all of the issued and outstanding common shares of Cascade\n Resources Inc.  Following completion of the Acquisition, there are\n 237,498,056 common shares of the Corporation (\"Common Shares\") issued and outstanding.  Of the 237,498,056 Common Shares, 97,224,879\n Common Shares are subject to a Value Security Escrow Agreement pursuant\n to the policies of the TSXV, 600,000 Common Shares are subject to a\n Capital Pool Corporation Escrow Agreement related to the Corporation's\n qualifying transaction carried out in January, 2009 and 2,700,000\n Common Shares are subject to a one year TSXV hold period (the \"TSXV Hold Period\").   The TSXV Hold Period provides for releases of 20% of the\n applicable Common Shares every 3 months with the initial release\n occurring on the issuance of the Final Exchange Bulletin.\n\n\nTrading in the Common Shares is to re-commence at the opening of markets\n on Thursday, December 22, 2011 under the symbol \"NS\".\n\n\nFor further details on the Acquisition and related matters, please see\n the Corporation's filing statement dated November 29, 2011 available\n for review at www.sedar.com under the Corporation's profile.\n\n\nCautionary Statements\n\n\nThe TSXV has in no way passed upon the merits of the Acquisition and has\n neither approved or disapproved the contents of this press release.\n\n\nNot for distribution to U.S. Newswire Services or for dissemination in\n the United States.  Any failure to comply with this restriction may\n constitute a violation of U.S. Securities Laws.\n\n\nExcept for statements of historical fact, this news release contains\n certain \"forward-looking information\" and \"forward-looking statements\"\n within the meaning of applicable securities law. Forward-looking\n information is frequently characterized by words such as \"plan\",\n \"expect\", \"project\", \"intend\", \"believe\", \"anticipate\", \"estimate\" and\n other similar words, o...