Arizona Star to Deregister From U.S. SEC and to Terminate Its U.S. Reporting Obligations
March 14 2008 - 9:49AM
Marketwired
TORONTO, ONTARIO (AMEX: AZS) today announced its intention to
file a Form 15F with the U.S. Securities and Exchange Commission
(the "SEC") to terminate its registration and its U.S. reporting
obligations under the U.S. Securities Exchange Act of 1934, as
amended (the "Exchange Act"), as soon as practicable following the
delisting and deregistration of the Company's common shares without
par value from the American Stock Exchange (the "AMEX").
After the filing of Form 15F, the Company's reporting
obligations in the U.S. will be suspended immediately upon the
effective date of the delisting from the AMEX. The deregistration
and the termination of U.S. reporting obligations will become
effective 90 days after the filing of Form 15F, or such shorter
period as the SEC may determine. The Company reserves the right to
postpone the filing of Form 15F or to withdraw such form for any
reason prior to its effectiveness.
The AMEX has today filed an application on a Form 25 with the
SEC concerning the withdrawal of the Company's common shares from
listing and registration on the AMEX and under Section 12(b) of the
Exchange Act. The delisting is expected to become effective 10 days
after the filing of Form 25 and the deregistration 90 days after
the filing of Form 25, or, in each case, such shorter period as the
SEC may determine.
The delisting and deregistration of the Company's common shares
from the AMEX and the termination of the U.S. reporting obligations
result from the successful completion of the tender offer and
subsequent compulsory acquisition by Barrick Gold Corporation
("Barrick") for all of the issued and outstanding common shares of
the Company. As the Company has become a wholly-owned subsidiary of
Barrick, there is no required liquidity for its common shares to be
listed on the AMEX.
CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS:
Statements relating to the future of Arizona Star are
forward-looking statements within the meaning of applicable
Canadian and United States securities laws. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by words such as the
following: expects, plans, anticipates, believes, intends,
estimates, projects, assumes, potential and similar expressions.
Forward-looking statements also include reference to events or
conditions that will, would, may, could or should occur. However,
forward-looking statements are subject to risks, uncertainties and
other factors, which could cause actual events and circumstances to
differ materially from future events and circumstances expressed,
projected or implied by such forward-looking statements. Arizona
Star does not undertake, and expressly disclaims, any obligation to
release publicly revisions to any forward-looking statement to
reflect events or circumstances after the date of this news
release, or to reflect the occurrence of unanticipated events,
except as may be required under applicable securities laws.
ARIZONA STAR RESOURCE CORP.
Paul A. Parisotto, President and CEO
Contacts: Arizona Star Resource Corp. Paul A. Parisotto
President & CEO (416) 359-7808 Website: www.arizonastar.com
Arizona Star Resource Corp (AMEX:AZS)
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