HALIFAX AND
VANCOUVER, April 23, 2014 /CNW/ - GoGold Resources Inc.
(TSX: GGD) ("GoGold") and Animas Resources Ltd. (TSXV: ANI)
("Animas") announce today the successful completion of the
previously announced arrangement (the "Arrangement") whereby
GoGold has acquired, by way of court approved plan of arrangement,
100% of the issued and outstanding securities of Animas.
Animas' shares will be delisted from the TSX Venture Exchange
effective as of the close of business today. In addition,
Animas will begin the process of applying to cease being a
reporting issuer or the equivalent in the relevant Canadian
provinces.
Pursuant to the terms of the Arrangement,
holders of common shares of Animas ("Animas Shares")
received $0.07 in cash and 0.0851 of
a common share of GoGold (each a "GoGold Share") for each
Animas Share (for a deemed offer price of $0.15 for each Animas Share based on the closing
price of GoGold Shares on December 27,
2013 (the "Deemed Price")), and one GoGold Share for
each $0.94 of cumulative in-the-money
value of Animas options ("Animas Options"), calculated using
the Deemed Price, rounded down to the nearest whole GoGold
Share.
Following the Arrangement, GoGold owns and
controls 100% of the issued and outstanding Animas Shares.
All outstanding Animas Options and other convertible securities
were cancelled pursuant to the Arrangement.
The GoGold Shares have been conditionally
approved for listing on the Toronto Stock Exchange ("TSX"),
subject to receipt by the TSX of certain standard documentation
required by it in connection with completion of the
Arrangement.
GoGold's counsel for the Arrangement is Fasken
Martineau DuMoulin LLP and its corporate counsel is JESSOMELAW.
Animas' counsel is McCullough O'Connor Irwin LLP.
GoGold Forward-Looking
Statement
Except for statements of historical fact,
this news release contains certain "forward-looking information"
and "forward-looking statements" within the meaning of applicable
securities laws including statements regarding the terms of the
Arrangement and timing of the Arrangement. Such forward-looking
information and forward-looking statements are based on the
opinions and estimates of management at the date the statements are
made, and are subject to known and unknown risks, uncertainties and
assumptions that could cause actual results to vary materially from
the anticipated results or events predicted in these
forward-looking information or forward-looking statements,
including: GoGold's assessment of the effect of the Arrangement on
GoGold, Animas and Animas' shareholders; the continuance of GoGold
and its subsidiaries as a going concern; general economic and
market conditions; mineral prices; the accuracy of mineral resource
estimates and the speculative nature of mineral exploration. There
can be no assurance that such information will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such forward-looking information or
forward-looking statements. As a result, readers are cautioned not
to place undue reliance on these forward-looking information or
forward-looking statements. The forward-looking information and
forward-looking statements contained in this news release are made
as of the date of this release. Except as required by applicable
law, GoGold disclaims any intention and assumes no obligation to
update or revise any forward-looking information or forward-looking
statements, whether as a result of new information, future events
or otherwise. For additional information with respect to risk
factors applicable to GoGold, reference should be made to GoGold's
continuous disclosure materials filed from time to time with
securities regulators, including, but not limited to, GoGold's
Annual Information Form.
Animas Forward-Looking
Statement
This press release contains "forward-looking
information" which may include, but is not limited to, statements
with respect to Animas' management information circular, plans,
projections, estimates and expectations. Such forward-looking
statements reflect Animas' current views with respect to future
events and are subject to certain risks, uncertainties and
assumptions, including, the risks and uncertainties outlined in our
most recent financial statements and reports and registration
statement filed with the Canadian securities administrators
(available at www.sedar.com). Should one or more of these
risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those anticipated, believed, estimated or expected. The
factors which could cause actual results or events to differ
materially from current expectations include, but are not limited
to: actions taken by GoGold; the possible effect of the Arrangement
on Animas' business; and other factors identified and in Animas'
filings with applicable Canadian securities regulatory authorities
filed on SEDAR and available at www.sedar.com.
Neither 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.
SOURCE Animas Resources Ltd.