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Terms Of Amalgamation, Circular Mailing And Meeting Date Regarding Creation Of "Tahera Corporation" |
01/04/1999 |
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The Board of Directors of Lytton Minerals Limited ("Lytton") wish to advise that the Management Proxy Circular for the shareholder meeting to consider the amalgamation with New Indigo Resources Inc. ("New Indigo") has been mailed to shareholders.
Under the terms of the amalgamation, 1 share of Lytton is exchangeable for one share of the amalgamated company and 1 share of New Indigo is exchangeable for 2.43 shares of the amalgamated company.
The amalgamated company will be called "Tahera Corporation" and will have approximately 154 million shares issued and outstanding and 172 million shares on a fully diluted basis. The Toronto Stock Exchange has conditionally approved the listing of the common shares of Tahera Corporation in place of the Lytton shares subject to the completion of the amalgamation.
A Special Meeting at which shareholders of the Company will be asked to approve the proposed amalgamation is scheduled to be held at 2:30 PM on Friday February 5, 1999 at the Four Seasons Hotel, West Georgia Street, Vancouver, B.C.
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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