Atlanta Gold Corp. and Voisey Bay Resources Inc. merge to strengthen Indonesian exploration program.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Oct. 24, 1996-- The Boards of Directors for Atlanta Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847. Gold Corp and Voisey Bay Resources Inc. are pleased to announce that upon careful consideration, the companies are entering into negotiations towards a formal Arrangement Agreement under the Company Act pursuant to which Atlanta and Voisey will merge. The companies have determined that it is in the best interests of shareholders to amalgamate their resources in pursuit of the planned exploration and development programmes in Indonesia Indonesia (ĭn'dənē`zhə), officially Republic of Indonesia, republic (2005 est. pop. 241,974,000), c.735,000 sq mi (1,903,650 sq km), SE Asia, in the Malay Archipelago. . The Arrangement will provide that Atlanta's interest in a mineral property in Bolse Idaho Idaho (ī`dəhō), one of the Rocky Mt. states in the NW United States. It is bordered by Montana and Wyoming (E), Utah and Nevada (S), Oregon and Washington (W), and the Canadian province of British Columbia (N). known as the "Atlanta Property" will be excluded from NewCo, (company to be named), such that upon completion of the Arrangement, the existing shareholders of Atlanta will hold shares of NewCo as well as securities of a corporation, (Atlanta Gold Corporation) that holds the Atlanta Property. The proposed exchange under the Agreement will be one common share of Voisey for every one share of NewCo, and 2 shares of Atlanta for every one share of NewCo. Existing Atlanta shareholders will retain a proportional proportional values expressed as a proportion of the total number of values in a series. proportional dwarf the patient is a miniature without disproportionate reductions or enlargements of body parts. interest in the Idaho property. This Arrangement Agreement is subject to confirmation by an independent fairness opinion Fairness Opinion A report put together by qualified analysts or advisors providing to key decision makers an evaluation of and facts about a merger or acquisition. Notes: A fairness opinion serves as a document used for guidance in a merger, takeover, or acquisition. and subject to regulatory, directors' aud shareholders' approval. -0- ATLANTA GOLD CORPORATION VOISEY BAY RESOURCES INC. Adrian Rollke Walter E. Brooks Secretary/Treasurer Vice-President The Toronto Stock Exchange and Vancouver Stock Exchange have neither approved nor disapprove of the contents of this press release. ATLANTA GOLD CORPORATION VOISEY BAY RESOURCES INC. 1818-1177 W. Hastings Street 640-625 Howe Street Vancouver B.C. Canada V6E 2K3 Vancouver B.C. Canada V6C 2T6 Tel: (604) 669-0016 Tel: (604) 689-4766 Fax: (604) 687-6755 Fax: (604) 687-2292 TSE Trading Symbol: AAG VSE Trading Symbol : VSY Berlin OTC Exchange #878341.EDV www.voiseybay.com Kurzel: ATG www.atlanta-gold.com CONTACT: Atlanta Gold Corp. Adrian Adrian, Roman emperor Adrian, Roman emperor: see Hadrian. Adrian, city, United States Adrian, city (1990 pop. 22,097), seat of Lenawee co., SE Mich., on the Raisin River; inc. 1836. Rollke, 604/669-0016 or Voisey Bay Resources Inc. Walter E. Brooks, 604/689-4766 |
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