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Directors Approve Amalgamation To Create "Tahera Corporation" |
12/22/1998 |
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Lytton Minerals Limited (``Lytton'') and New Indigo Resources Inc. (``New Indigo'') wish to announce that their respective Boards of Directors have approved the amalgamation of the two companies. The companies entered into an arrangement agreement dated December 22, 1998 to form an amalgamated corporation to continue operations under the name "Tahera Corporation" on the following basis:
- 1 share of Lytton is exchangeable for one new amalgamated Tahera Corporation share;
- 1 share of New Indigo is exchangeable for 2.43 new amalgamated Tahera Corporation shares;
- all options and warrants will be exchanged for corresponding rights to acquire shares in the amalgamated Tahera Corporation on the same ratios as above; and
- all assets and liabilities of Lytton and New Indigo become assets and liabilities of the amalgamated Tahera Corporation.
The amalgamated Tahera Corporation will have approximately 154 million shares issued and outstanding and 172 million shares on a fully diluted basis.
NEITHER THE TORONTO STOCK EXCHANGE NOR THE VANCOUVER STOCK EXCHANGE APPROVE NOR DISAPPROVE OF THE CONTENTS HEREOF.
For further information, please contact:
Grant Ewing
VP Investor Relations and Corporate Development
Email: investor@tahera.com
Tel: (416) 777-1998
Fax: (416) 777-1898
Toll Free: (877) 777-2004
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