Toronto, Ontario--(Newsfile Corp. - April 9, 2012) - Andor Mining Inc. (TSXV: AMI.P) (“Andor”) announces the termination of the arrangement agreement dated October 20, 2011 (the “Agreement”) with ESI Exploration Syndicate Inc. (“ESI”), a British Columbia corporation, and a wholly-owned subsidiary of Andor (“Andor Subco”). Under the terms of the Agreement, ESI was to amalgamate with Andor Subco pursuant to a statutory plan of arrangement under the Business Corporations Act (Ontario) and become a wholly-owned subsidiary of Andor. The transaction would have constituted Andor’s Qualifying Transaction pursuant to the policies of the TSX Venture Exchange (“TSX-V”) (see press releases dated September 26, 2011 and October 24, 2011).
Andor will continue to actively identify and evaluate alternative opportunities for the purpose of completing its Qualifying Transaction on a timely basis.
Trading of Andor’s common shares is expected to resume on or around the week of April 9, 2012, subject to regulatory approval.
About Andor
The only business of Andor is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction in accordance with TSX-V Policy 2.4 – Capital Pool Companies.
Further Information
For further information regarding the termination of the Agreement, please contact:
George Elliott, Chairman, Chief Executive Officer and Director, Andor Mining Inc.
Telephone: 416.662.5505
Email: gelliott@mdcorp.ca
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release may include forward-looking information within the meaning of applicable securities laws including information concerning the business and future results of Andor that are not historic facts. Any such forward-looking statements are subject to risks and uncertainties, and are based on Andor’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Andor cannot offer any assurances that a Qualifying Transaction will be completed. The forward-looking information contained in this release is made as of the date hereof and Andor is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. Additional information on these and other potential factors that could affect Andor’s actual results, performance or achievements are detailed in disclosure documents filed from time to time with the applicable securities regulatory authorities.
Source: Trident Gold Corp.