Andor Mining Inc. Announces Conditional Approval and Filing of Filing Statement for Its Qualifying Transaction
Toronto, Ontario--(Newsfile Corp. - February 4, 2013) - Andor Mining Inc. (TSXV: AMI.P) (“Andor”) is pleased to announce that the TSX Venture Exchange (the “Exchange”) has conditionally accepted its proposed qualifying transaction (the “Transaction”) with Trident Gold Corp. (“Trident”), which, upon completion, will result in a reverse take-over of Andor by the shareholders of Trident. A Filing Statement in respect of the Qualifying Transaction has been prepared in accordance with the requirements of the Exchange and has been filed on SEDAR. Closing of the proposed Transaction is expected to occur on or about February 13, 2013.
Trident is a privately-held exploration and development company focused on identifying and exploring prospective gold projects in Colombia. At the time of closing, Trident will hold a 100% interest in the Marquesa Gold Project located on the highly prospective Antioquia Batholith in Antioquia Colombia. The project is comprised of a 124,000 ha contiguous land package located 15 km north of AngloGold Ashanti/B2Gold´s Gramalote Gold Project. The land package has multiple drill targets and prospects. Upon completion of the Transaction, it is the intention of the parties that the resulting issuer will continue to focus on the exploration and development of the Marquesa Gold Project.
Reference is also made to Andor’s news releases dated October 17, November 15 and December 6, 2012 for additional information relating to Andor, Trident and the Transaction.
All information contained in this news release with respect to Andor and Trident was supplied by the parties respectively, for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.
For further information regarding the Transaction, please contact:
Ann Dumyn, Chief Financial Officer and Secretary, Andor Mining Inc.
Telephone: (905) 838-1252
Completion of the Transaction is subject to a number of conditions, including but not limited to, final acceptance by the Exchange. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the closing or completion of the Transaction and the business and operations of the resulting issuer after the Transaction is completed. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; and the results of current exploration and testing. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Andor and Trident disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Not for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.