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| Home : Kenai Announces Closing of Plan of Arrangement With Serabi Gold plc. |
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Jul 22
2013 |
Kenai Announces Closing of Plan of Arrangement With Serabi Gold plc. |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2013) - Kenai Resources Ltd. (TSX VENTURE:KAI) ("Kenai") is pleased to announce the closing of its previously announced transaction with Serabi Gold plc ("Serabi"); whereby Serabi has acquired all of the outstanding common shares of Kenai. The transaction was completed pursuant to a plan of arrangement (the "Arrangement") in accordance with the Business Corporations Act (British Columbia), which was approved by the British Columbia Supreme Court on July 10, 2013. Shareholders of Kenai approved the Arrangement on July 5, 2013. All conditions of closing have now been satisfied by both parties. |
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| Source:http://www.marketwire.com/mw/release.do?id=1813277&sourceType=3 |
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